Wency Chen

Company’s first safety report reveals it received over 80,000 complaints in the first three months of 2019, with more than 50 were alcohol-related.

The once-promising neighborhood group-buying platform fails to attract new capital to stay afloat.

China’s top on-demand app wants to tap growing needs amid rising smartphone and mobile payment adoption.

Issues discovered include substandard quality, insufficient electrical insulation, and a lack of maintenance.

NetEase believes Kaola was “undervalued.”