NewsInvestors in Ezubao Ponzi scheme finally get 35% of their money backThe P2P platform folded in 2016 after collecting over USD 9 billion from investors. 2 mins read
That’s more than five times the amount from one year prior. NewsTikTok rakes in USD 177 million in 20191 min read
Huawei’s results come at a time when pressure from the US has led to a drop in international sales. NewsHuawei ships 240 million smartphones in 2019, up 16.5% year-on-year1 min read
The firm provides intelligent computer vision solutions for the wind power and retail industries. NewsAI and drone startup Clobotics bags USD 10 million from Tiger Investment to expand to Singapore2 mins read
The 5G phone race is on. NewsXiaomi starts offering 5G data plans to boost smartphone sales2 mins read
Ymatou achieved profitability in 2019, and is leaning on influencers for growth in sales. NewsChinese e-commerce firm scores eight-figure investment from Weibo3 mins read
Alibaba, Tencent, Baidu, JD.com, Didi, and Ele.me are among the 14 companies NewsFollowing labor dispute scandals, trade union urges China’s top internet companies to prioritize employees1 min read
The Japan-focused cross-border e-commerce platform will use the fresh cash for operations, marketing, and team building. NewsChinese cross-border platform Wandougongzhu bags USD 48.4 million investment2 mins read
The company is angling for a boost of its profile in the fintech sector. NewsMeituan wants 436 million users to adopt its virtual credit cards2 mins read