It’s Shanghai-based competitor Aiways has already entered Europe earlier this year.

And its growth is sending chills down the spine of Lenovo, which is China’s and the world’s largest PC maker.

But its growth pace still lags behind Tesla by a mile.

From shareholders and leadership to operations and finance, Ant Group has Alibaba’s DNA right from the start.

And there are more penalties coming its way.

Its valuation also increased to USD 250 billion.

The new RMB fund will manage over 20 billion yuan.

COVID-19 outbreak could give China’s digital economy another push this year as both consumers and businesses turn digital.