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China

179 posts

didi

China’s Didi Chuxing files confidentially for US IPO, valuation could range between $70-$100B

At a time when the Chinese government is cracking down on its…

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

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,…
Google

Google set to be probed by China over antitrust allegations: Report

Rising political tensions between the US and China spilling over to companies,…
didi

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…
Huawei Logo

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

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…

India’s new FDI policy requires govt. approval for all Chinese investment in Indian companies, including startups

In a move that is aimed at restricting “opportunistic investments” from Chinese…

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…
didi

SoftBank close to investing $300 million in Didi Chuxing’s self driven vehicle unit

Softbank is looking to continue on its mega financing spree, despite significant…

Apple will reopen all of its 42 branded stores in China

China, the epicentre of the ongoing coronavirus (COVID-19) outbreak, is starting to…

After Alibaba, now Baidu joins the list of major Chinese tech companies hit by coronavirus

Coronavirus is expected to affect more than just lives, as the outbreak…
Tesla China

Tesla issues staff recruitement notice for its upcoming research center in China

Elon Musk-led Tesla Inc is planning to expand its research and development…

TikTok’s Chinese version Douyin hits 400 million active users

China has its own version of the Internet. Instead of Whatsapp, it…
Facebook

Facebook is setting up a new team to push China ad business: Report

When world’s two largest economies collide, businesses tends to suffer. Ever since…

China’s JD.Com’s logistic unit taps banking partners for $10 billion Hong Kong IPO

JD.com is the second largest Chinese E-commerce company after Alibaba. And with…