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Simon Hu, CEO of Ant Financial, Alipay’s rebranded parent company, announced that Alipay plans to upgrade from merely a financial service platform to a digital life service platform within the next three years.
On Thursday afternoon, NetEase Cloud Music, a popular Chinese music streaming platform, passed its listing hearing with the Hong Kong Stock Exchange and will start offering shares soon.
On September 18th, CATL announced that they are currently collaborating on the development of a civilian electric passenger aircraft project. They are implementing aviation-grade standards and testing to meet aviation-level safety and quality requirements.
Chinese antitrust regulators are considering to fine Meituan, the country's largest online catering platform, about $1 billion for allegedly monopolistic behavior, the Wall Street Journal reported on Friday, citing sources familiar with the matter.
JD.com has allegedly submitted its listing documents in secret and plans to conduct a secondary listing in Hong Kong.
Bike-sharing certainly does not only apply to China. Many Indian companies are now exploring this new business model, with some key similarities and differences...
Tencent-backed social app WeChat is testing a take-out mini-program in two major Chinese urban centers, Guangzhou and Shenzhen. According to Tencent, the mini-program is exploring opportunities with sellers who already have the ability to deliver orders.
Zhihu, a popular Chinese question-and-answer website, recently launched its first adult education and vocational training app called "Zhixuetang."
Recently, Hubei Xiaomi Changjiang Industrial Investment Fund Partnership has become the new shareholder of AI Micron, a chip maker.
In last week’s VC news, Chinese new retail cosmetics powerhouse HARMAY raised a considerable investment round, Sequoia Capital China launched a new infrastructure fund and more.
Zhejiang Geely New Energy Commercial Vehicles Co., Ltd. had recently made a change to its registration with China's Industrial and Commercial Administration.
An affiliated company of ByteDance was granted an appearance patent for a "VR (Virtual Reality) Experience Machine (Mecha Version)".