Tencent

Both of the White House’s executive orders targeting ByteDance and WeChat will likely be challenged in court.

Tencent’s Hong Kong-listed shares dived 10% following the news, erasing USD 34.6 billion in market capitalization.

Shangjia Xiaochengxu aims to help the retail sector to upgrade digitally and seek additional revenue growth.

WeChat has little presence in the US, but is an integral communication tool for Chinese people overseas.

Tencent is reportedly driving discussions to merge China’s two biggest video game livestreaming platforms, Huya and Douyu.

Combining platforms would strengthen two US-listed companies amid economic downturn.

Yipien runs nearly 900 fresh-food neighborhood supermarkets in 17 cities in China.

Chinese fintech firms have identified the Indonesian market as an attractive expansion destination given its resemblance to the early days of China’s fintech revolution.