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China slashes new energy vehicle subsidies by 50%, plans to phase out all by the end of 2020
The government is normalizing the NEV industry, but those in the trade have voiced concerns about drops in sales.
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Not only does this move allow Tencent to step further into e-commerce, it also encourages additional usage of its e-wallet.
The measure will presumably cut costs for the cash-strapped company.
The world's largest cooked food delivery service provider starts delivering fresh produce.
The company has been paving the way for this service in the past year.
And they will make faster deliveries too.
The startup says it "trusts Alibaba's expertise in turning technologies into next-generation products"