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.
Chinese mobile content platform Qutoutiao announced that its online reading platforms Midu Novels and Midu Novels Lite have completed a $100 million round of financing led by CMC Capital.
Chinese travel service provider Ctrip announced yesterday that it will be launching an overseas ride-hailing service on its app to help Chinese tourists on their travels outside of China.
China's online food delivery-to-ticketing company Meituan Dianping reported a total loss of 115 billion yuan in last year, and an 11 billion yuan operating loss, dropping down by 190 percent compared to that of 2017.
Beijing-based global leading education startup, VIPKID, announced a strategic cooperation agreement with global educational and trade publisher, Houghton Mifflin Harcourt (HMH) on August 28, making the former the first online education platform to get full access to HMH's K12 curricula.
VIPKid, the online children education brand has confirmed completion of its Series D+ round of financing with relevant details disclosed.