Luckin Lenders Wins Court Order, Will Wind Down Lu Zhengyao’s Two Assets
Luckin Lenders won an order to wind down two entities owned by Lu Zhengyao, Chairman of Luckin Coffee.
6/22/20203 min read
Category: Industry
Showing 12 of 6375 posts in this category
Influencer Li Ziqi Sues Weinian, ByteDance Withdraws Stake in Firm
Due to a dispute between prominent web influencer Li Ziqi and her partner company, Weinian Brand Management Co., Ltd., ByteDance withdrew its stake in the company on October 16.
10/28/20213 min read
China NFT Weekly: Earn While You Burn
This week: Chinese startup Nreal to launch AR glasses in the UK this spring, "Voices of April" NFTs highlight Shanghai residents' struggles with harsh lockdown rules, and more.
Why Investors Betting on the Growth of China’s Semiconductor Industry
Investing in CPU, GPU and DPU in succession, what kind of market opportunities did Sky9 Capital see?
Alibaba Enters Russian E-commerce JV
Alibaba Group, Russian Direct Investment Fund, MegaFon, and Mail.ru Group have built a joint venture to integrate Russia’s key consumer internet and e-commerce platforms and launch a leading social commerce joint venture in Russia and the CIS.
6/6/20192 min read
Huobi Initiates Removal of Tens of Millions of Chinese Users, Internal Structure Greatly Adjusted
On December 14 and 15, the company will stop the currency filling and currency trading business of Chinese mainland users.
12/14/20213 min read
JOYY's 2021 Q2 Revenue Increases by 39.7% Year-on-Year
Live streaming platform and BIGO owner JOYY announced its unaudited financial results for the second quarter of 2021 on Thursday, showing revenue reaching $662 million, up 39.7% year-on-year.
8/19/20212 min read
Huawei Starts Beta-testing HMS with GMS Off Limits
Huawei is launching HMS (Huawei Mobile Services) to fend off the negative effects of Google pulling the plug on GMS (Google Mobile Services) for Huawei phones.
12/25/20192 min read
TikTok and WeChat Deny User Records Leakage
A recent poster on a hacker forum claims to have obtained TikTok's and WeChat's databases on Alibaba's cloud service platform, which together contain over 2.05 billion user records. However, Tencent, WeChat's parent company, and TikTok denied any security breach.
Chinese Cities Introduce ‘Relaxed’ Policies to Stabilize Stagnating Real Estate Market
As the COVID-19 outbreak left many Chinese families struggling to pay their rents and mortgages, several cities introduced “relaxed” home purchase policies to alleviate people’s burden and reanimate the stagnating real estate market.
3/27/20204 min read
Chinese EV Maker Li Auto Responds to “Broken Axle” Accident
On the evening of Sept. 7, a car blogger surnamed Feng posted a video on Weibo, saying that Li Auto’s sole model Li ONE had another "broken axle" incident.
9/9/20202 min read
China VC Weekly: Esports, Wealth Management and Education
Chinese esports ‘total solutions provider’ VSPN (Versus Programming Network) has raised close to $100 million in its latest Series B round of financing.
10/26/20204 min read