China’s Bank of Communications recently reached comprehensive strategic cooperation with Alibaba Group and Ant Group. According to the agreement signed by the three parties, they will further leverage on their respective advantages; integrate complemen…
According to reports in Chinese local media, CITIC Group recently reached a comprehensive strategic cooperation agreement with Alibaba Group and Ant Group. The three parties will fully integrate their advantageous resources to upgrade business cooperat…
According to reports in Chinese local media, Alibaba has launched a new manufacturing platform named Xunxi.com. The platform is positioned as a new manufacturing intelligence center and is currently only open to Taobao users. Prior to this, Alibaba rev…
The soon-to-IPO Ant Group is rapidly expanding its technology’s global reach. Before long, it will clash with payment incumbents in the West, including Visa and Mastercard.
The dual IPOs for fintech giant Ant Group are likely to be the biggest of the year, and Shanghai’s fledgling STAR Market could see a major boost.
In June, India banned 59 apps made my Chinese companies, including TikTok, WeChat and several QQ and Baidu apps. Today, the Ministry of Electronics and Information Technology banned another 118 apps with ties to China. In a press release, the …
The move was done “in order to further protect the rights and interests of consumers,” a spokesperson for the short-video platform said.
Xpeng Motors is priming for a public listing in New York where it could raise up to $1.1 billion from high-profile backers including Alibaba and Xiaomi.
Pinduoduo saw gains in revenue and monthly users, but US share prices dropped in response to its topline miss and questions about next steps.
China’s e-commerce giants understand delivery speed is the top priority, and competition is driving the field ahead of US firms like Amazon.
Bans on Tiktok and Wechat won’t have much affect on China tech investment in the US—because there aren’t many investors left to scare off.
Every day, 100k+ smart people read our newsletter. You can sign up here. Hello readers, Two familiar names were spotted making investments this week: Tencent and Alibaba. 👀 The intense rivalry between these Chinese giants isn’t dying down anytime soon….
In the latest sage of the techwar, Mike Pompeo announces “Clean Network” program to shun Chinese companies from US networks and data.
Alibaba is building out its digital ecosystem by adding Netease, the popular music-streaming platform, to its customer loyalty program.
Fortune China recently released the Fortune 500 list for 2020, which takes into account the performance and achievements of the world’s largest listed Chinese companies in the past year. This year, the total operating revenues of the 500 listed Chinese companies reached 50.5 trillion yuan, an increase of 11% over the previous year; and the […]
Microsoft China workers are taking action against peers who worked at Alibaba and Huawei, saying they have brought the ‘996’ work culture with them.
The move highlights efforts from Meituan to fend off competition from Alipay, which is moving into the local services sector—Meituan’s home turf.
Corporate VCs run by tech giants are some of the most active, and important, investors in China. But a rising unicorn needs the right partner to succeed.
Mini programs are an increasingly important growth driver for apps, functioning as an entry point for Chinese mobile users to access online services, according to a recent report on Chinese internet trends in the first half of the year. Why it matters: These lightweight applications are becoming must-have features for mainstream apps. They offer a […]
China’s mass local brands are gaining shelf share of Alibaba’s Tmall platform while the visibility for western brands is increasingly challenging. Chinese color cosmetic brands now account for 55% of top 10 default search results and 65% of sales-sorted search results, up 14% and 11% YoY respectively, according to a Gartner report. The report shows […]
Chinese e-commerce platform Pinduoduo is testing a new wholesaling service which connects merchant buyers with manufacturers and wholesalers.
The employee said that he was fired for his objections to media manipulation practices at Alibaba-owned UC Web amid tense diplomatic relations.
Ant Group, renamed from Ant Financial and the parent company of China’s largest payments platform Alipay and leading provider of financial services technology, announced its concurrent initial public offering (“IPO”) on the Shanghai Stock Exchange’s STAR board (“SSE STAR” market) and The Stock Exchange of Hong Kong Limited (the “SEHK”). The listings will help the […]
Alibaba’s international site recently set up CNY1 billion “new foreign trade special subsidy” to help traditional foreign trade companies realize digital transformation. It is said that for traditional foreign trade companies which only gained overseas orders through exhibitions, the new foreign trade special subsidy will help them complete digital transformation by providing six-month growth escort […]
Blockchain-based company seals, currently being piloted in Hangzhou, promise to make Chinese corporate management easier and more trustworthy.
Ant Group said it has started the process of a concurrent IPO on Shanghai’s Nasdaq-style Star Market and Hong Kong stock exchange.