China’s Uber rival Didi Chuxing to delist from the US

While 2021 has been a friend of Indian startups (resulting in a…

Apple Music will now include Chinese music, courtesy deal with Tencent Music Entertainment

Four years after Tencent and Sweden had entered into an agreement, the…

Didi Chuxing raises $4.4 billion in biggest Chinese IPO in the US since 2014

In April, we had reported that Didi Chuxing, Uber’s Chinese counterpart and…

Alibaba registers first loss as a public company even with revenue growing by 64% to $28.6Bn

Amazon has done a lot of business over the past year, thanks…

China presses further on Alibaba, slaps $2.78 Bn in fines for violating anti-trust rules

In a two-way signal (we’ll talk about that in a bit) to…

Huawei plans selling budget smartphone brand ‘Honor’ to Digital China and the Shenzhen govt in China for $15B

The news around Huawei possibly selling off its budget smartphone brand Honor,…

Cab aggregator Didi to be among the first to test Chinese central bank’s Digital Currency

Moving aggressively towards its government-backed digital currency plans, the Chinese central bank…

China’s Meituan hits $100 billion valuation mark, reports better-than-expected earnings

The latest financial quarter seems to have come as a mixed bag…

Alibaba to spend $1.4 billion in AI development for Tmall Genie speakers

Alibaba has announced that it will invest a massive $1.4 billion (10…

China asks US to stop Huawei’s “unreasonable suppression” amid US ban that threatens cut-off from global chip suppliers

U.S. and China have been at each other’s throats from a while…

Chinese EV startup NIO announces $1Bn fundraise from a group of state-owned companies in China

NIO, the now embattled Chinese electric vehicles startup that was once considered…

Alibaba demotes top e-commerce executive after internal inquiry on improper behaviour

Chinese e-commerce entity Alibaba has demoted its e-commerce chief and senior vice-president…

Alibaba to push $28 billion into cloud computing business amid surge in demand

Chinese tech giant Alibaba has announced a fresh investment of RMB 200…

Chinese e-commerce giant Pinduoduo raises $1.1 Billion via private share placement

Pinduoduo, Alibaba’s competitor in China’s $1 trillion e-commerce market, has reported a…