Kelsey Cheng, Author at Pandaily

Meituan Faces Anti-monopoly Probe for Banning Alipay on Its Apps

Meituan is facing an anti-monopoly investigation for abusing its dominant position as the government steps up scrutiny of the country’s biggest tech companies.

China Edtech Startups Yuanfudao, Zuoyebang Raise Billions in Fresh Funding Rounds

Chinese online education platform Yuanfudao has raised $300 million in a new funding round, bringing the overall funding of the Beijing-based company to $3.5 billion this year.

TikTok Parent Company ByteDance Builds Team to Develop Drugs Using AI

Short-video app TikTok’s parent company ByteDance is looking to hire for its artificial intelligence drug discovery team in Mountain View, Beijing and Shanghai, as the company ventures into pharmaceutical research.

Chinese Toymaker Pop Mart Caught Selling Repackaged Mystery Boxes

Chinese toy manufacturer Pop Mart has admitted to selling repackaged items at one of their outlets in Shandong, east China, following a customer complaint.

Top Chinese Livestreamer Fined $138,000 for Selling Fake Bird’s Nest Products

High profile livestreamer Xin Ba has been fined 900,000 yuan ($138,000) for selling counterfeit bird’s-nest soup, in the latest dispute related to false advertising in China’s booming livestreaming industry.

Short Video App Kuaishou Aims for February IPO in Hong Kong: Report

Chinese short-video company Kuaishou Technology, TikTok’s competitor, is planning to go public in Hong Kong on Feb. 5 with a target valuation of $50 billion, according to Chinese media outlet 36Kr.

Xiaomi Confirms December 28 for Mi 11 Series Launch Date

The highly-anticipated Xiaomi Mi 11 series will launch on Dec. 28, a day earlier than rumored, the company confirmed on Monday.

China’s Meituan Refutes Claims that it Charges Subscribing Members Higher Delivery Fees

China’s largest food-delivery site Meituan has refuted claims that it took advantage of subscribing members by hiking up delivery fees, blaming it on issues with its real-time location system

China Builds 718,000 5G Base Stations, Aims to Roll Out 6G by 2029

China has built a total of 718,000 5G base stations throughout the country this year, most of them in large and medium-sized cities, the government announced.

Bike-sharing App Mobike Ends Operations as Meituan Takes Full Control

Chinese bike-sharing app Mobike ceased operations Monday night following a full integration into its parent company, Meituan Dianping.

Chinese Firm Develops Copper-infused Face Mask with Self-sanitizing Properties to Battle Covid-19

A manufacturer in China has developed the first non-woven antimicrobial face mask embedded with copper, and said the product has been scientifically proven to reduce the transmission of Covid-19 by 99%.

Suning’s Stocks Tumble to Six-year Low after Founder Pledges All of the Group’s Shares to Alibaba’s Taobao

All shares of Suning Holdings Group held by chairman Zhang Jindong, his son Zhang Kangyang and Nanjing Runxian have been pledged to Taobao, Alibaba’s e-commerce platform.

Chinese Electric Carmaker XPeng Raises $2.16 billion in Upsized Share Sale

Chinese Electric Carmaker XPeng raised $2.16 billion in an upsized follow-on offering, the company announced in a statement on Wednesday.

Hefty Price Tag of Apple’s AirPods Max Draws Less than Enthusiastic Response from China Internet Users

Apple on Tuesday unveiled its first set of over-ear headphones, the AirPods Max, in an attempt to boost holiday sales.

Carmakers in China Downplay Impact of Global Chip Shortage

Volkswagen, the biggest foreign automaker in China, has downplayed the impact of a global chip supply shortage caused by the COVID-19 pandemic, refuting claims that its automotive production has been completely halted.

Chinese Phone Maker Gionee Found Guilty of Implanting Malware in More Than 20 Million Devices

A Chinese court has found phone manufacturer Gionee guilty of intentionally implanting malware in more than 21.75 million smartphones to generate revenue from users.

Tesla Invests $6.4m in New Plant in China to Build Electric Car Chargers: Report

Tesla Inc will start producing electric vehicle (EV) chargers in China next year, according to a Reuters report.

Pinduoduo Launches Mini Program to Crack Down on Fake Milk Formula

China’s second-largest online shopping platform Pinduoduo has launched a mini program on its app that will allow consumers to verify the authenticity of their baby formula products.

Joyy Rejects Fraud Claim by Research Firm, Citing Ignorance of China’s Live-stream Industry

Chinese social media and entertainment site Joyy Inc. rejected allegations of fraud by Muddy Waters Research, saying the report it published was full of “misinformation, erroneous statements and misleading conclusions.”

Joyy Shares Tumble 26% after Research Firm Calls it “a Multibillion-dollar Fraud”

Shares of Chinese social media and entertainment site Joyy Inc. plunged more than 26% after a research firm accused it of being a “multibillion-dollar fraud”.

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