NewsiQiyi is selling bonds and shares to boost growth amid tightening liquidityThe company could raise about USD 1.9 billion in total. 2 mins read
JD.com has been enlarging its offline presence to compete in the era of new retail, which merges online and offline shopping. NewsJD.com teams up with Better Life to expand new retail in Hunan2 mins read
Chinese tech firms JD.com, Meituan, and Didi have also been trying to persuade their users to ditch WeChat Pay and Alipay. NewsPinduoduo unveils payment service Duoduo Pay for its 731 million users2 mins read
The group-buying sector is also increasingly facing headwinds from suppliers. NewsJD pours USD 700 million into Xingsheng as neighborhood group-buying draws attention from state2 mins read
The fresh investment would value ByteDance at USD 180 billion. NewsByteDance expects to raise USD 2 billion in new round led by Sequoia and KKR1 min read
Nio’s shares surged 19-fold in the past twelve months. NewsNio plans to sell new shares to fund research and sales1 min read
2020 has overall been a banner year for the educational sector in China. NewsAlmost 20% of businesses in the booming education sector are in critical condition, says report3 mins read
Ziroom now manages properties of nearly 500,000 owners in nine cities including Shenzhen and Shanghai, and rents to about 3 million tenants. NewsSoftBank-backed Ziroom acquires Bestbond, as Danke’s problems cause industry-wide turbulence3 mins read
Critics say that big companies are squeezing traditional small vendors. NewsJD.com to launch unified grocery group-buying service2 mins read
