Song Jingli

The CEO of JD Retail inaugurated the event, with 1,000 homes on sale, as the first streamer, offering a 38.2% discount for a new Beijing apartment.

The exact amount raised is undisclosed.

The firm produces power banks, chargers, data cables, and smart home appliances.

The layoff plan will affect about 500 employees in charge of research and development.

The site is one of China’s largest medical information portals.

“The decision is out of my expectations,” said Luckin’s chairman Lu Zhengyao.

The 58-year-old businessman will also serve as chief operating officer of ByteDance.

A total of 15 million companies have joined Dingtalk, according to the platform’s CEO Chen Hang.