China Strengthens Supervision and Interconnection of Payment Environment
The People's Bank of China (PBoC) has punished 1,436 banks and payment institutions and issued fines totaling 1.13 billion yuan since 2016.
10/11/20212 min read
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Alipay Plans to Become the Ultimate Superapp and Other Superapps Shouldn’t Fall Behind
Simon Hu, CEO of Ant Financial, Alipay’s rebranded parent company, announced that Alipay plans to upgrade from merely a financial service platform to a digital life service platform within the next three years.
Guangzhou Evergrande Star Paulinho Returns to China On Chartered Plane
Guangzhou Evergrande midfielder Paulinho, returned to China on a chartered plane on Tuesday.
6/19/20205 min read
NetEase Cloud Music Passes HKEX Listing Hearing
On Thursday afternoon, NetEase Cloud Music, a popular Chinese music streaming platform, passed its listing hearing with the Hong Kong Stock Exchange and will start offering shares soon.
7/30/20213 min read
Xpeng Aeroht's Land Aircraft Carrier Successfully Completes Manned Maiden Flight
Xpeng Aeroht recently completed the first manned test flight of the "Land Aircraft Carrier" flying body, with founder Zhao Deli leading the "Executive 5000 km Test Flight" plan.
NIO Blames Partial Demolishment of Power Station in Central China on "Information Asymmetry"
In response to an online video showing a NIO electric vehicle charging and power exchange station being demolished, Ma Lin, senior director of enterprise communication of NIO, said that there was information asymmetry between the two sides.
10/21/20212 min read
CATL Is Collaborating on the Development of Electric Passenger Aircraft
On September 18th, CATL announced that they are currently collaborating on the development of a civilian electric passenger aircraft project. They are implementing aviation-grade standards and testing to meet aviation-level safety and quality requirements.
DJI Releases Power Expansion Battery 2000
On September 29th, DJI releases DJI Power Expansion Battery 2000, using lithium iron phosphate batteries, capable of achieving 4000 cycles.
9/30/20242 min read
Meituan to be Fined $1 Billion for Suspected Monopolistic Market Behavior
Chinese antitrust regulators are considering to fine Meituan, the country's largest online catering platform, about $1 billion for allegedly monopolistic behavior, the Wall Street Journal reported on Friday, citing sources familiar with the matter.
8/6/20212 min read
JD.com Secretly Submits Documents For Secondary Listing in Hong Kong
JD.com has allegedly submitted its listing documents in secret and plans to conduct a secondary listing in Hong Kong.
4/29/20202 min read
Interview with the founder of Yulu: We are not just a bike-sharing company
Bike-sharing certainly does not only apply to China. Many Indian companies are now exploring this new business model, with some key similarities and differences...
5/9/201810 min read
WeChat Tests Mini-Program to Access Shops with Delivery Capabilities
Tencent-backed social app WeChat is testing a take-out mini-program in two major Chinese urban centers, Guangzhou and Shenzhen. According to Tencent, the mini-program is exploring opportunities with sellers who already have the ability to deliver orders.
2/16/20233 min read