NewsAlibaba launches its first AI chip, the Hanguang 800It’s the first chip of its kind developed by an internet company. 2 mins read
This means the company can borrow cash at zero cost and its shares are highly favored by investors. NewsPinduoduo’s convertible bonds will yield zero interest, setting precedent1 min read
It is estimated that over 1 million expats work and live in China. NewsDidi says its English interface platform serves 2 million users in China over 2 years1 min read
Real Ruwo is now available to only a small group of people. NewsAlibaba unveils new app for college students, picking up social dream shattered by WeChat2 mins read
This figure includes users from its international e-wallet partners. NewsAlipay serves 1.2 billion users after three-year global expansion push2 mins read
When the European service sector meets the Chinese demand. NewsGermany-based tax refund platform for Chinese travelers Travel Easy raises USD 20 million1 min read
Fourteen months ago, when the company went public in the US, it raised USD 1.6 billion. NewsPinduoduo plans to raise up to USD 1 billion by selling convertible bonds1 min read
China’s B2B sector is increasingly attracting VC funds. NewsAutomotive parts supplier Mancando raises USD 28 million from investors including Legend Capital1 min read
The move aims to pressure defaulters but doubts are being raised over privacy violation. NewsScholar questions Chinese court’s legitimacy in bombarding defaulters’ WeChat friends2 mins read
