news
- Oct- 2021 -31 OctoberNews
Bosch China estimates auto chip shortage to last through 2022
Head of Bosch China, Chen Yudong said that a global chip shortage will continue to hurt Chinese automakers in 2022. Why is it in focus? The Chinese automakers are hit hard with the ongoing global chip shortage. The country’s auto…
- 20 OctoberNews
Meituan got fined $534 million for antitrust violations
Friday headlines revealed that Chinese food delivery giant Meituan got fined by the country’s top antitrust regulator. A hefty RMB 3.4 billion ($534 million) was fined on Chinese food delivery giant Meituan for antitrust practices. Reason behind Meituan getting fined…
- 9 OctoberNews
Keenon gets $200 million in round D
Keenon is a Chinese server robot maker. It recently announced that it received $200 million in Series D funding. This round was led by returning investor SoftBank. Furthermore, according to Keenon, this is the largest funding ever in the service…
- 8 OctoberNews
XTransfer becomes a unicorn after $138M Series D
XTransfer is a Chinese cross-border financial and risk management services provider. It recently announced that it raised $138 million in Series D. Since this round, the fintech firm has become a unicorn. An unlisted startup valued at$1 billion or more…
- Jul- 2021 -24 JulyNews
Alibaba vs Meituan, and More: SHORT SHOTS
Welcome to today’s short shot discussing Alibaba vs Meituan and much more. Here we take a glimpse at what went on with the startups to make the headlines in a single article piece. Alibaba vs Meituan: Alibaba gets competitive E-commerce…
- 7 JulyNews
China bans retired EV batteries usage
China’s top energy policymaker released new regulations that China bans retired EV batteries. It plans to ban large energy storage plants from using used automotive batteries. This rule came following several deadly safety incidents at battery and power plants. What…
- 6 JulyNews
SHORT SHOTS – Aihuishou in NYSE, Chinese brands sell big in 618 festival
Aihuishou debuts, Huitongda to come Auihuishou is a used electronic reseller store. it has debuted on the New York Stock Exchange on June 18. Aihuishou is backed by JD.com. It saw its shares jumping up to 23% on the first…
- Jun- 2021 -23 JuneNews
Chinese ride-hailing giant Didi files for US IPO
Chinese ride-hailing platform Didi files for US IPO. It plans to trade on either the New York Stock Exchange or Nasdaq.
- 22 JuneNews
Alibaba Cloud to build Livestream shopping platforms
In a bid to use its experience in the field of Livestream shopping platforms, Alibaba Cloud has offered to make some, for its global clients.
- 20 JuneNews
ByteDance wrestles with Tencent over link blocking
ByteDance wrestles with Tencent by writing a post expressing its anger on Tencent's link blocking activities that have resulted in lack of user sharing.
- May- 2021 -30 MayNews
ByteDance’s Zhang Yiming to step down as CEO
ByteDance co-founder and CEO Zhang Yiming said he will step down as the CEO of the TikTok owner at the end of this year. Company co-founder and head of human resources Liang Rubo will take his place. Zhang’s departure comes…
- 19 MayNews
TikTok moves off Alibaba Cloud
According to the Chinese financial media , Chinese internet giant ByteDance has decided to stop hosting TikTok and other overseas apps on Alibaba Cloud. This decision by ByteDance is a blow to the e-commerce giant’s cloud-computing branch. The revenue growth rate…
