Move comes after a government call to share the wealth as part of a drive to ease inequality China’s Alibaba Group will invest 100 billion … Read more
China’s two online gaming giants lost over 10% of their value on the Hong Kong stock exchange, before recovering a few points. Investors are increasingly … Read more
Tencent Music Entertainment Group (“Tencent Music,” “TME”), the leading online music and audio entertainment platform in China, and Sony Music Entertainment (“SME”) today announced the multi-year … Read more
Chinese tech giants typically focus on the consumer market. But their appetite for early stage investments in semiconductors is growing.
For many, finding a good deal is the main reason to join a community group-buying platform. Socializing with neighbors is a reason to stay.
ByteDance joins the annual Spring Festival marketing blowout. Alipay prepares for the 2021 red envelope war. Edtech attracts more investment.
China Evergrande New Energy Vehicle Group closed the sale of 952 million shares to six investors for a total of $3.35 billion)
K-12 online math and science education platform Huohua Siwei received $150 million in a third batch of its Series E, which totals $400 million.
The new antitrust rules for China’s digital payment market could trigger a regulatory review of Ant Group and Tencent based on market share.
Both have entered into an agreement designed to strengthen the strategic collaboration in business and cloud technology support Tencent Cloud, the cloud business of Tencent, … Read more
Douyin Pay was recently added to the app, allowing users to buy virtual gifts for livestreamers and pay for goods on the app’s e-commerce platform.
Pinduoduo is under fire again for deleting pictures from a user’s photo album without consent. Luckin opens up to franchises in lower-tier cities.
The Covid-19 pandemic accelerated consumer adoption of e-commerce on WeChat and powered growth, as confined shoppers spent more time browsing on the app.
996 is still a problem in China’s tech industry. It’s brutal to employees, and it’s questionable whether overtime work pays off even for companies.