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Meituan-Dianping is a Chinese group buying website for locally found food delivery services, consumer products and retail services. The company is headquartered in Beijing and was founded in 2010 by Wang Xing. The Meituan.com site offers deals of the day by selling vouchers on local services and entertainment.

Meituan

Food Delivery

Meituan's move follows a written complaint by the Guangdong Restaurant Association and other 32 trade associations.

CHINA BRIEF | Meituan looks to mend relationship with dining sector by removing "monopoly clauses" and offering commission rebates | KrASIA

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CHINA BRIEF | Meituan looks to mend relationship with dining sector by removing &#8220;monopoly clauses&#8221; and offering commission rebates

Spotlighting Asia&#039;s next wave of innovations.

KrASIA

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Song Jingli

JD.com, Inc., also known as Jingdong and formerly called 360buy, is a Chinese e-commerce company headquartered in Beijing.

E-commerce is the activity of buying or selling of products on online services or over the Internet. 

E-Commerce

65% of one brand's products were sold after just four days.

CHINA BRIEF | Luxury products see brisk sales on JD.com during COVID-19 pandemic | KrASIA

CHINA BRIEF | Luxury products see brisk sales on JD.com during COVID-19 pandemic

The automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile by the original equipment manufacturer (OEM) to the consumer. 

Automotive Aftermarket

Transport or transportation is the movement of humans, animals, and goods from one location to another. 

Transportation

Venture capital is a type of private equity, a form of financing that is provided by firms or funds to small, early-stage, emerging firms that are deemed to have high growth potential, or which have demonstrated high growth.

Venture Capital

The deal comes as sales of first-hand automobiles in China dived 42% year-on-year in the first two months of this year.

CHINA BRIEF | B2B automotive e-commerce platform Maihaoche secures USD 20 million in new funding round | KrASIA

CHINA BRIEF | B2B automotive e-commerce platform Maihaoche secures USD 20 million in new funding round

Ant Financial Services Group, formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group. Ant Financial is the highest valued fintech company in the world, and the world's most valuable unicorn company, with a valuation of US$150 billion. 

Ant Group

A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.

Blockchain

Fintech is the new applications, processes, products, or business models in the financial services industry, composed of one or more complementary financial services and provided as an end-to-end process via the internet.

Fintech

The system helps to create digital products for multi-party collaborations.

CHINA BRIEF | Ant Financial launches blockchain platform for small firms and developers | KrASIA

CHINA BRIEF | Ant Financial launches blockchain platform for small firms and developers

5G is a commonly used term for certain advanced wireless systems. Industry association 3GPP defines any system using "5G NR" software as "5G", a definition that came into general use by late 2018. 

The two companies will further cooperate in 5G network operations.

CHINA BRIEF| China Mobile to become second largest shareholder in AsiaInfo Technologies after investment of USD 129 million  | KrASIA

CHINA BRIEF| China Mobile to become second largest shareholder in AsiaInfo Technologies after investment of USD 129 million 

Tencent Holdings Limited is a Chinese multinational investment holding conglomerate whose subsidiaries specialize in various Internet-related services and products, entertainment, artificial intelligence and technology both in China and globally.

Tencent

In computer science, artificial intelligence (AI), sometimes called machine intelligence, is intelligence demonstrated by machines, in contrast to the natural intelligence displayed by humans and animals.

Edtech

GSX and its employees are accused by VIPKid of stealing customer information to boost sales.

After being targeted by short-sellers, GSX Techedu taken to court for trade secrets theft | KrASIA

After being targeted by short-sellers, GSX Techedu taken to court for trade secrets theft

The AI-powered makeup integration allows customers to try on cosmetic products virtually.

CHINA BRIEF| Megvii unveils virtual makeup solution FaceStyle to boost sales for cosmetics retailers | KrASIA

CHINA BRIEF| Megvii unveils virtual makeup solution FaceStyle to boost sales for cosmetics retailers

ByteDance or Beijing ByteDance Technology Co Ltd. is a Chinese Internet technology company operating several machine learning-enabled content platforms, headquartered in Beijing. It was founded by Zhang Yiming in 2012. ByteDance's core product, Toutiao, is a popular content platform in China.

Bytedance

Xiaomi Corporation is a Chinese electronics company headquartered in Beijing. Xiaomi makes and invests in smartphones, mobile apps, laptops, and related consumer electronics.

Xiaomi

Hardware, in the context of technology, refers to the physical elements that make up a computer or electronic system and everything else involved that is physically tangible. 

Hardware

A total of 22 Chinese investors made it onto the annual list.

CHINA BRIEF | Sequoia China's Neil Shen tops Forbes' top 100 venture capitalists worldwide | KrASIA

CHINA BRIEF | Sequoia China&#8217;s Neil Shen tops Forbes&#8217; top 100 venture capitalists worldwide

Grocery Delivery

Suning attributed these losses to the COVID-19 pandemic as its sales decreased but expenditure increased.

Song Jingli

CHINA BRIEF | Meituan looks to mend relationship with dining sector by removing “monopoly clauses” and offering commission rebates

CHINA BRIEF | Luxury products see brisk sales on JD.com during COVID-19 pandemic

CHINA BRIEF | B2B automotive e-commerce platform Maihaoche secures USD 20 million in new funding round

CHINA BRIEF | Ant Financial launches blockchain platform for small firms and developers

CHINA BRIEF| China Mobile to become second largest shareholder in AsiaInfo Technologies after investment of USD 129 million

After being targeted by short-sellers, GSX Techedu taken to court for trade secrets theft

CHINA BRIEF| Megvii unveils virtual makeup solution FaceStyle to boost sales for cosmetics retailers

CHINA BRIEF | Sequoia China’s Neil Shen tops Forbes’ top 100 venture capitalists worldwide

Suning.com expects USD 85 million Q1 loss, but says Carrefour China remains profitable