NewsStreaming service Leshi poised for delisting as red ink mountsFormer Chinese tech darling struggles to recover from ill-fated expansion push. 2 mins read
SF Holdings unveiled the Fengshi WeChat mini program, targeting corporate clients and individual consumers for food deliveries. NewsChina’s largest private courier SF Holdings enters food delivery sector, challenging Meituan and Ele.me2 mins read
If the fear and indignation brewing because of Luckin leaks over to other areas, leading to an exodus of Chinese companies from the US, it would be a loss for global investors. OpinionA sweet aftertaste: The Luckin scandal’s silver lining could be tighter cross-Pacific collaboration7 mins read
That’s almost 14% of its staff around the world. NewsUber to lay off 3,700 employees of its global workforce2 mins read
User can order laundry services for clothes, shoes, and luxury bags on channels including 24Tidy’s own app, its WeChat account and Meituan. NewsCHINA BRIEF| On-demand laundry service provider 24Tidy acquires rival Tiantianxiyi at USD 135 million1 min read
A probe over its accounting fraud is being conducted by SEC and its Chinese counterpart, the CSRC. NewsLuckin blames internal investigation and COVID-19 as reasons for missing annual report deadline2 mins read
However, Yonghui Superstores’ stock dived more than 6% following the announcement. NewsCHINA BRIEF | Supermarket chain backed by Tencent and JD.com reports nearly 40% increase in Q1 net profits1 min read
Modeled after Uber Works, Viec.co rapidly matches temporary workers with jobs at local enterprises. InsightsA Vietnamese staffing platform for blue-collar workers shifts gears to weather the pandemic: Startup Stories3 mins read
Watchdogs cooperate with US over fabricated-sales scandal. NewsChinese regulators raid Luckin offices and seize documents2 mins read
