NewsRumour: Alibaba to invest in Douyin after it splits off from BytedanceThis will pit Alibaba against Tencent, which backs Kuaishou, in the short-video war 2 mins read
The blockchain company also announced a credit-profile partnerships with two of China’s major credit-rating agencies. NewsSingapore blockchain startup Points announce $8m funding and Chinese credit agencies tie-up2 mins read
The bike-sharing giant had intended to put 20million bikes in 20 international cities just last year. NewsOfo pulls out of US after exiting Australia, Germany and India2 mins read
Will Kuaishou’s new wearable tech and Tencent Weishi’s new action camera be game changers in the short-video competition? InsightsKuaishou launches Snap Spectacles-like product as Tencent Weishi gets a new action cam3 mins read
Online education provider Zuoyebang just closed a US$350 million Series D financing round, led by Coatue Management, according to various Chinese media reports. The new round of investment into the hoNewsDeals | China’s top homework-helper app Zuoyebang raises $350m2 mins read
The short-video and musical app announced 300 million MAUs in China just a month ago InsightsDouyin hits 500m monthly active users worldwide2 mins read
The car-hailing giant is hoping to raise up to $1.5 billion for the unit NewsDidi to spin off car services unit worth up to $1.5b2 mins read
The smartphone maker has not managed a turnaround, unlike Xiaomi. NewsTroubled Chinese smartphone maker Gionee seeks new investment to restructure3 mins read
The news comes a few days after Tesla announced a 500,000-car factory in Shanghai NewsTesla announces new innovation centre in Beijing2 mins read