NewsTencent’s WeChat Pay employees to get ten months’ salary plus USD 28,500 as yearly bonusThe WeChat Pay team has won Tencent’s USD 28.5 million Founders Award. 2 mins read
Alibaba and its financial arm Ant Financial typically restructure on an annual basis as the companies adjust their strategies. NewsAlibaba announces management reshuffle while Ant Financial names Simon Hu as new CEO3 mins read
The new version of the app went live on Wednesday. NewsAlibaba’s Idle Fish evolves from online flea market to location-based community1 min read
Online retail sales in China are expected to hit USD 1.5 trillion by the end of 2019. NewsMeet some major Chinese e-commerce players that you’ve never heard of8 mins read
While first-tier tech giants are retreating, Xiaomi and Meituan Dianping are testing the waters in the new energy vehicle sector via investments. InsightsAfter Baidu, Alibaba, and Tencent retreat, who will be the savior of Chinese EV makers?7 mins read
Chinese video streaming platforms are trying different ways to pave the way to profitability. NewsTencent Video and Baidu’s iQiyi face backlash after hiking prices for trending TV show2 mins read
The fresh cash will be used to expand the company’s virtual banking service and financial technologies. NewsAlibaba-backed Chinese fintech firm WeLab closes USD 156 million Series C round1 min read
Head-on competition from a deep-pocketed rival could be a headache for the still loss-making startup. NewsAlibaba’s Juhuasuan doles out massive subsidy to take on Pinduoduo2 mins read
Ant Financial’s Alipay is valued at over USD 150 billion and is now expanding quickly outside of China. NewsHow Alipay is killing cash in China, and wants to take the world stage6 mins read