Huitongda’s IPO raised $270 million and attracted investment from SenseTime, which itself recently went public in Hong Kong, among others. Alibaba holds about 17% of Huitongda, which focuses on rural …
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One word ignites China-U.S. clash at tense G20 finance meeting
Recent Posts
Alibaba-Backed Huitongda Rises On Debut; China E-Commerce Billionaire’s Fortune Gains Anew
China’s New Policy Shaves $26 Billion Off Meituan’s Market Value
Just how far-reaching China’s continued clampdown on the profitability of some of the biggest tech firms will be on full display in coming weeks they release earnings. The delivery business and fees …
In photos: Beijing Winter Olympics Day 14 highlights
Eileen Gu, Team China’s 18-year-old U.S.-born skier, led the Winter Olympics highlights on Thursday — winning her second Beijing Games gold medal, this time in the freeski halfpipe. The big picture: …
The Pairs Figure Skater Who Got to Beijing Via Cruise Ship
BEIJING—Timothy LeDuc wanted to get far, far away from competitive figure skating. This is how LeDuc ended up skating on a boat in the middle of the ocean. In the exceptionally rigid discipline of …
China NEV sales drop 18.6per cent in January after subsidy cut
On Monday, data from CPCA showed that U.S. electric vehicle maker Tesla Inc sold 59,845 China-made vehicles in January. Tesla is the only foreign automaker among the top ten best selling NEV brands in …
The new KOLs: Olympians are scoring brand partnerships in China
A breakout star of the Olympics, the Chinese-American athlete represents a new opportunity for celebrity partnerships in China. Gu has already become a well-recognised face outside of the Olympics.
China Jan auto sales post first monthly rise after eight months of falls
Overall sales in the world’s biggest car market rose to 2.53 million vehicles in January, data from the China Association of Automobile Manufacturers (CAAM) showed. Sales of new energy vehicles (NEVs) …
Meituan Tumbles After China Asks Delivery Platforms to Cut Fees
Meituan shares sank as much as 18% after China issued new guidelines asking food delivery platforms to cut fees for restaurants to reduce business costs. The food delivery giant’s stock fell by the …
Baidu is bringing its autonomous ride-hailing service to Shenzhen
Baidu announced Thursday that it has launched a pilot robotaxi service in Shenzhen, offering free rides to the public in the city’s downtown Nanshan District. Riders can use its autonomous …
China Warns Against Using Metaverse as a Tool for Illegal Fund-Raising
China Warns Against Using Metaverse as a Tool for Illegal Fund-Raising BEIJING (Reuters) – China’s banking and insurance regulator issued a warning on Friday against using the metaverse as a tool for …
China round-up: Inflation cools in January
a joint venture between China Merchants Bank and China Unicom, has been fined Rmb2.9m by the China Banking and Insurance Regulatory Commission for alleged violations such as exaggerated and misleading …
Corporate social credit gets stamped on blockchain in China’s southeast
Foshan city of China’s southeastern province Guangdong launched a blockchain-based corporate social credit system with an automated credit rating function, state-backed media reported on Thursday.
China Jan auto sales see first monthly rise after eight months of falls
Overall sales in the world’s biggest car market rose to 2.53 million vehicles in January, data from the China Association of Automobile Manufacturers (CAAM) showed. Sales of new energy vehicles (NEVs) …
