I'm Xiaochun with 36Kr Global [kri’eɪʃə], a newborn digital media with a dedication to help Asia uncover its innovations and to create.
News
Plus, Alibaba agreed to invest aro und $227 million in Chinese deep learning unicorn startup SenseTime. Bitcoin barrels to $10,000.
Plus, Thailand is to amend a tax law to include e-commerce in order to prevent foreign moguls from creating a monopoly in the country. The total market capitalization for the cryptocurrency market has exceeded $300 billion for the first time.
Plus, LexinFintech, the owner of Chinese online lending platform Fenqile, was reportedly planning to meet advisers last weekend to discuss its proposed U.S. IPO. SGX-listed CapitaLand and China UnionPay reached strategic partnership to enhance the cashless payment capabilities of the app CapitaStar.
Hit news and features from the week as well as something cool for the weekend.
Younger managers take office in higher positions as Xiaomi president and senior VP shift to strategic planning.
Plus, Ant Financial has asked its partners in consumer finance to adjust the annual rate below the cap of 24 percent. Tesla has completed the construction of the world’s biggest battery in South Australia.
Cash loan “supermarkets”, a byproduct of the cash loan business, are generating equally huge profits for their operators.
The Chinese government has stepped up its control over the cash loan industry, causing the stock prices of US-listed Chinese internet finance companies to plunge.
Plus, Uber lost records on 57 million customers and drivers. License for online microloan is expected to become extremely expensive in China.