Alibaba seeks to acquire shares from Yunda’s controlling shareholders, Nie Tengyun and Chen Liying, who own 52.19% of Yunda from their wholly-owned company.
Chinese online education platform Yuanfudao has closed a new $1 billion round of financing led by Hillhouse Capital and followed by Tencent, Boyu Capital and IDG Capital.
On March 25, several Pinduoduo employees stated on social media that Taobao implemented a so-called “risk control” strategy against them by blocking them from their platform.
Being in China, we have been quarantined for almost two months and are now witnessing social and economic activities resuming slowly, bit by bit, in our hometown Beijing.
Wuhan, the Chinese city in Hubei Province where the COVID-19 outbreak first began, will be lifting its travel restrictions on April 8, a local official said last week.
Bilibili Esports has taken the place of Banana Culture as the new Chinese production partner for Activision Blizzard’s Overwatch League, sources told Pandaily.
Chinese game publishers Tencent and NetEase respectively dominated in first and second, while some other famous game developers such as FunPlus, Lilith, IGG, 37Games are also listed.
AI, Big Data, Telematics and Logistics services caught investors’ attention and raised significant funds, hinting at a bright future for such services in the digitizing world.
Images of the OPPO Reno Ace 2, which is expected to come out in April, have been found on the website of China’s Ministry of Industry and Information Technology, revealing its exterior design.
