Chinese internet conglomerate Alibaba Group announced on November 15 the launch of its long-awaited Hong Kong public offering.
Didi Chuxing, China’s Uber-like ride-sharing service provider, has once again plunged itself into a gender-related crisis.
Tencent has officially announced the company’s brand new mission and vision statement today through WeChat, adding on to its previously announced “tech for social good,” earlier in May.
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On November 8, Alibaba Group announced an additional investment of roughly $3.3 billion to increase its equity stake in the logistics company Cainiao they launched in 2013.
On October 10, China’s ByteDance launched a new loan service app called “Manfen” (“full score“ in Chinese).
Codemao, a Shenzhen-based online education platform that offers computer programming classes to kids, has completed its Series C financing round to the tune of $57 million.
Xiaomi is planning to enter Japan in 2020 by offering their comparable flagships at a lower price point in an effort to displace market leader Apple
Luo Yonghao, founder of Smartisan Technology, has been prohibited from making non-essential purchases due to the company’s failure to comply with court rulings from a contractual dispute.
Baofeng Group is requested to appoint relevant senior management personnel as soon as possible to ensure the stable operation and the timely performance of information disclosure obligations.
On August 28, 2018, the State Administration for Market Regulation and the State Tobacco Monopoly Bureau issued a circular essentially banning the sale of electronic cigarettes to minors in China.
ByteDace saw a personnel reshuffle with Zhang Nan taking charge of Douyin, and Alex Zhu taking over the app’s international version TikTok, while reporting directly to the CEO of ByteDance, Zhang Yiming.
Chinese passenger drone manufacturer EHang expects to raise $100 million in the coming IPO.
Canaan, a Hangzhou-based company that produces Bitcoin mining machines, has filed for an IPO on the NASDAQ under the ticker symbol “CAN” and is seeking to raise up to $400 million in capital.
Chinese online content juggernaut ByteDance is rumored to be considering an IPO in Hong Kong in the first quarter of 2020.