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Ant Group’s Micro-Lending Platforms Adjust Quota Management Functions

Huabei and Jiebei, two micro-loaning platforms of Ant Group, have launched a quota management function to advocate rational consumption.

Astronaut Wang Yaping Plays Guzheng in Space to Celebrate Chinese Lantern Festival

Astronaut Wang Yaping, who is still on a space mission, played a song entitled “Molihua" (Jasmine) with a guzheng and sent holiday blessings from the space station.

Bitcoin Miners Flees China amid Crypto Crackdown

CBA Weekly Overview: Is O.J Mayo ready to return to the NBA?

Chinese Basketball Association tournament has returned, but the prepared return of O.J Mayo to the NBA is uncertain.

Five Chinese Group-Buying Platforms Fined 6.5M Yuan ($1M) for Improper Pricing

China’s market regulator has imposed fines totalling 6.5 million yuan ($1 million) on five community group-buying platforms affiliated with leading domestic internet companies, on allegations of price dumping and cheating.

WeRide Offers First-time Robotaxi Rides to Hundreds of Passengers During Golden Week

Chinese autonomous driving company WeRide offered hundreds of passengers their first-time robotaxi rides through the WeRide Go App and Alibaba’s Amap within the 144-square-kilometer operating area in Huangpu District in Guangzhou during the 8-day national day holiday.

Xiaohongshu, Source of Lifestyle Inspiration for Chinese Youth, Is Walking Fine Line between Commercial Success and Sense of Community

As one of China's fastest-growing social shopping platforms, Xiaohongshu is trying to develop a sustainable business model which realizes genuine profits while maintaining the authenticity of its content as well as users’ desire to engage and share.

Didi Denies Going Private, Pre-Market Price Soars 50%

On the evening of July 29th, the Wall Street Journal reported that Didi, an online ride-hailing company, was considering privatization to appease the dissatisfaction of Chinese authorities. The report said that the company would also compensate investors for losses incurred by the company's listing in the United States a month earlier. Didi later denied this report on its official Weibo channel. Prior to that time, the company's pre-market share price spiked 50%.

Animated Film Jiang Ziya Pulled From Cinemas Due to Epidemic

Many highly anticipated Chinese films have announced their withdrawal from the cinema amid the peak Spring Festival season due to the recent coronavirus epidemic outbreak.

Realme's First 5G Flagship Realme X50 to Be Released in January

On December 24, Realme officially announced that its first 5G smartphone, the Realme X50 will be unveiled at the company’s launch event on January 7, 2020 in Beijing.

Chinese Swimmer Sun Yang will Miss the Olympics after Court appeal

After appealing to the Court of Arbitration for Sports (CAS), Chinese swimmer Sun Yang received a less severe penalty from his previous confrontation with anti-doping officials in 2018. Rather than the previous eight-year-long ban, the well-known athlete will be banned from participating in competitions for four years and three months.

Audi Apologizes and Withdraws Plagiarized Ad Featuring Andy Lau

Content with "Audi Xiaoman (Grain Buds) Advertising Plagiarism" and "Audi and Andy Lau" emerged as trending topics on Weibo on May 21.