Alibaba

Independent directors named as CEO Son tries to boost confidence after big loss.

The company has gone live an enterprise-facing cloud service platform called Huoshan Yinqing.

Kuaishou sets a yearly target of RMB 250 billion in livestreaming e-commerce GMV, above Douyin’s target of RMB 200 billion.

Cainiao has partnered with 4PX Express, a cross-border e-commerce solutions provider headquartered in Shenzhen, Guangdong province.

The Canadian cafe chain aims to tap on China’s online coffee market, following the rise of several coffee brands in recent years.

The app is still not available to the public, but might be at the end of May.

As labor costs rise and demand is down, the relationship between Meituan and merchants has become strained, echoing resentment against Taobao in its early days.

The Chinese entertainment industry is scrambling to figure out how to offset expected losses.