NewsDouyin rival Kuaishou files for Hong Kong IPO, reveals loss of over USD 10 billion in first halfChina’s two biggest short video platforms are racing to an IPO. 3 mins read
As for user accounts, Pinduoduo could overtake Alibaba as soon as next quarter. NewsAlibaba posts better-than-expected earnings but disappoints with tepid user growth2 mins read
Bytedance has been investing aggressively in the online reading sector, where Tencent is already a leading player. NewsByteDance injects USD 1 billion in online publisher Zhangyue, main rival of Tencent‘s China Literature3 mins read
Strong China retail sales buffer group against fintech affiliate’s IPO turmoil. NewsAlibaba expected to fly above Ant turmoil with strong growth3 mins read
“Regulators could use the IPO pause to re-assess the impact Ant may bring to the ecosystem of the Star Market.” NewsAnt’s IPO has to wait for the small loan regulation to be fully implemented, says expert3 mins read
“Ant’s valuation is sure to be affected greatly as the microloan business accounted for almost half of the company’s entire profits.” NewsAnt won’t be able to resume IPO in short term, analysts say3 mins read
Alibaba co-founder Jack Ma is in possession of 34% of Ant Group’s shares. NewsKEY STAT | Jack Ma’s wealth shrinks USD 3 billion as Ant’s IPO is suspended1 min read
“Small is beautiful, small is powerful,” Ant Group says on its website. Visual StoriesBIZ IN GRAPHICS | Ant Group’s business logic, advantages, and ‘small’ customers1 min read
Alibaba joins JD.com and Tencent to become an investor in the London-based company. NewsKEY STAT | Alibaba to invest USD 300 million in luxury retailer Farfetch1 min read