NewsByteDance plans to relocate its Douyin e-commerce unit to ShanghaiThe department was only created in June last year. 1 min read
Suning generated RMB 3.9 billion in net losses in the past year. NewsSuning.com founder gives up control after selling to Shenzhen-based state-owned firms2 mins read
The company was founded by former Ant Group employees. InsightsXTransfer simplifies cross-border payments for exporters | Inside China’s Startups4 mins read
Internet companies have become role models in the battle against extreme levels of hardship. NewsAlibaba, Pinduoduo, Didi’s Cheng Wei win glory as President Xi declares victory over poverty2 mins read
The coffee brand is pushing digitization and themed stores. NewsTim Hortons bags new capital from Sequoia and Tencent for China expansion2 mins read
Operating expenses rose as Youdao was caught in intense competition in China’s online education sector. NewsKEY STAT | Edtech Youdao doubles its revenue in 2020 in robust online market1 min read
The company, which was founded only recently, is already a unicorn. NewsChinese GPU startup Moore Threads raises billions of yuan to take on Nvidia2 mins read
Li Auto’s footprint in China’s EV market continues to expand amidst fierce competition with domestic rivals Nio and Xpeng Motors. NewsEV-maker Li Auto generates strong profits as deliveries surge2 mins read
Up to 40% of the fund will be allocated to startups in SEA and China. NewsEurazeo completes first close of Smart City Fund II2 mins read
