However, when their e-commerce rivals like Alibaba’s Taobao and JD.com were boasting about their inflated GMV numbers during the shopping festival, Pinduoduo took another approach.
On November 9, a seemingly mundane Didi ride in the Chinese city of Nanjing spiraled out of control resulting in the passenger and driver coming to blows.
India’s smartphone shipments during the third quarter of 2019 swelled to a record 46.6 million units, representing a sequential increase of 26% and a 9.3% increase compared to the previous year.
Chinese internet behemoth Tencent has acquired a 10% stake in Indian online insurance aggregation platform Policybazaar
China’s 2019 11.11 Global Shopping Festival has once again set new records in terms of GMV.
In 2018, a record number of Chinese companies listed on US exchanges. Investors the world over watched with intent as China’s economic transformation entered a new era. Chinese executives gleefully rang the opening bell at NYSE or NASDAQ on a seemingly constant basis.
Codemao, a Shenzhen-based online education platform that offers computer programming classes to kids, has completed its Series C financing round to the tune of $57 million.
IDC released a report on November 4 on China’s blockchain spending, forecasting that China’s spending on blockchain technology will reach $2 billion by 2023, which represents a CAGR of 65.7%.
Ant Financial has announced that their market leading payment platform is now available for all foreign users to pay in China.
Xiaomi is planning to enter Japan in 2020 by offering their comparable flagships at a lower price point in an effort to displace market leader Apple
China is aiming to establish a network of national parks by 2030, to protect the nation’s impressive and unique nature.
Tao Lin spoke at a press conference in anticipation of the upcoming 2019 Shanghai City Promotion Conference, underscoring the importance of Shanghai in the successful development of Tesla’s gigafactory.
Canaan, a Hangzhou-based company that produces Bitcoin mining machines, has filed for an IPO on the NASDAQ under the ticker symbol “CAN” and is seeking to raise up to $400 million in capital.
Chinese online content juggernaut ByteDance is rumored to be considering an IPO in Hong Kong in the first quarter of 2020.
Chinese audio content platform Lizhi has recently submitted its IPO prospectus to the SEC, and is seeking to raise funds in the region of $100 million.