NewsTencent is incubating community-based content and e-commerce marketplace on WeChatThe Chinese tech giant is exploring social commerce. 2 mins read
The fresh cash will be used to expand the company’s virtual banking service and financial technologies. NewsAlibaba-backed Chinese fintech firm WeLab closes USD 156 million Series C round1 min read
Head-on competition from a deep-pocketed rival could be a headache for the still loss-making startup. NewsAlibaba’s Juhuasuan doles out massive subsidy to take on Pinduoduo2 mins read
Alibaba’s platforms Koubei, Ele.me, and Juhuasuan will be soon interconnected. NewsAlibaba brings on-demand lifestyle services to Juhuasuan to take on Meituan2 mins read
Company representatives were accused of treating medical facilities like marketplaces and conducting sign-ups without strict verification. NewsAfter scandal, founder of Tencent-backed crowdfunding platform Shuidichou promises stricter management1 min read
The United States Federal Communications Commission has classified Huawei as a security threat, barring US telcos from using government funds to buy Huawei’s equipment. NewsHuawei sues FCC over latest US federal subsidies ban2 mins read
Even with a strong backer, China’s first digital bank needs to stand more firmly on its own feet. NewsTencent-backed WeBank partners with China Mobile fintech division to lure new users1 min read
The former employee was kept in jail for 251 days and later released due to a lack of evidence. NewsHuawei in hot water for former employee’s eight-month detention (updated)4 mins read
When hospitals are treated like marketplaces, is kindness abused? NewsTencent-backed patient-centric crowdfunding platform Shuidichou is under fire for loose sign-up practices3 mins read
