NewsEV maker Faraday Future raises USD 45 million in debt financingFaraday Future will use the new funds to support mass production of its FF 91 model. 2 mins read
Chinese regulators probe Alipay’s exclusive role in mutual fund distribution which has delayed Ant’s IPO. NewsFintech giant Ant Group faces potential US ban ahead of IPO1 min read
Meituan first released livestreaming features in April, allowing tourist sites to introduce themselves to potential visitors amid the COVID-19 pandemic. NewsMeituan rolls out livestreaming tools for educational businesses1 min read
The firm’s main rivals Nio, Li Auto, and Xpeng are already listed in the United States. NewsAfter raising USD 1.5 billion, EV maker WM Motor kicks off China Star Market IPO1 min read
In about two years, Flash Express has grown to be the second-largest private express delivery provider in the Southeast Asian country. NewsThai logistics firm Flash Express raises USD 200 million in Series D round2 mins read
Alibaba’s newest promotion mirrors a similar play by Pinduoduo in July and August. NewsAlibaba spurs competition with Pinduoduo by offering 100 million products almost free2 mins read
With the platform extending the maximum length for videos and introducing other updates, Channels could be WeChat’s next battleground to drive sales. NewsDouyin short-video rival WeChat Channels tests livestreaming feature2 mins read
Chinese fintech businesses could be the next target of the Trump administration, despite of having little presence in the United States. NewsUS reportedly considers restrictions on Ant Group, Tencent’s payment systems2 mins read
Gaode Maps, acquired by e-commerce juggernaut Alibaba in 2014, is currently the most downloaded free iOS navigation app in China. NewsMost popular Chinese navigation app AutoNavi apologizes for faulty routing2 mins read