Ministry of Education: Beijing Training Institutions Reduced by 60%
On Monday, China's Ministry of Education announced some of the results for the pilot districts of its "Double Reduction" policy.
10/25/20213 min read
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Alibaba Cloud Bolsters Asia-Pacific Footprint, Sets up Cloud Data Centers in Korea and Thailand
Alibaba Cloud announced on Tuesday that it will further bolster its Asia-Pacific footprint and will set up two new cloud data centers in South Korea and Thailand.
11/16/20212 min read
Alibaba Local Services Company Acquires Software Provider Keruyun
Alibaba Local Services Company officially announced its acquisition of Keruyun, a SaaS company providing software and hardware for local lifestyle services such as catering and retail.
Livecast #9: Albus Yu of China Growth Capital on China DTCs
Transcript compiled by Karrie Huang. Rui: Albus, tell us more about China Growth Capital and also yourself. What does the fund do? What's the size? What's y...
9/9/202118 min read
Alibaba Cloud, Saudi Telecom Company and EWTP Arabia Capital Form Joint Venture
Saudi Telecom Company (STC), the largest mobile operator in the Middle East, announced on Sunday that it has established a cloud computing joint venture with Alibaba Cloud and EWTP Arabia Capital in Saudi Arabia.
5/23/20222 min read
China VC Weekly: $7M for Nothing, K12 EdTech Financing and More
OnePlus co-founder Carl Pei on Jan. 27 announced the establishment of his London-based new consumer technology startup Nothing, which obtained $7 million in fresh capital last December.
2/1/20214 min read
3D Sensor Chip Firm Adaps Photonics Secures Financing Led by Meituan's Long-Z Investments
3D sensor computer chip firm Adaps Photonics announced on Monday that it has completed C-round financing worth several hundred million yuan, with Meituan’s Long-Z Investments as the lead investor.
4/11/20222 min read
JD.com to Attempt Food Delivery Business
Chinese e-commerce company JD.com will attempt to develop a food delivery business. Under the arrangement, merchants will operate through the JD Daojia app.
6/10/20222 min read
ATRenew Posts Record Profit as Quality Control Automation Push Drives Efficiency
ATRenew, the operator of China’s top consumer electronics transactions and services platform, on Tuesday delivered a three-month profit record, in which it posted $11.5 million in adjusted operating profit for the fourth quarter, a new quarterly record.
Alibaba Releases 2022 ESG Report, Cutting Carbon Emission by 620,000t Last Year
Alibaba has cut a total of 619,944 tons of carbon emissions by changing its energy mix to include more clean sources in FY2022 (ended March 2022), according to the company's ESG report published on August 29.
8/29/20223 min read
China to Expand Scope of e-CNY Pilot
The third batch of e-CNY pilot areas in China is reported to be unveiled soon. Tianjin, Hangzhou, Zhejiang Province, and Fuzhou, Fujian Province are expected to be selected.
3/9/20223 min read
Travel Agency Tongcheng-Elong Partners with Kuaishou on Live-Streaming, Short Videos for Travel Services
Chinese online travel agency (OTA) Tongcheng-Elong has partnered with Kuaishou, a short video sharing and social network platform.
12/22/20203 min read