NewsHuawei gains payment license after latest acquisitionThe Huawei Pay app launched in 2016 and used UnionPay’s mobile service, Yunshanfu. 2 mins read
Chinese developer due to update investors on debt repayment progress this week. NewsEvergrande to pocket USD 2 billion from sale of stake in online platform2 mins read
For Q4 2020, the firm reported a 91% year-on-year increase in revenues, while the net loss widened to USD 129.3 million. NewsKEY STAT | Bilibili drops in Hong Kong debut in another tepid homecoming listing1 min read
Almost half of the Chinese netizen population, or about 490 million customers, had ordered food online in 2020. VideosVIDEO | The true cost of online food ordering and delivery1 min read
Despite regulatory concerns and intense competition, Meituan is doubling down on its community group-buying business. NewsMeituan’s community group-buying expansion mires firm in losses2 mins read
In 2020, Bigo generated more revenue than YY Live, said founder and chairman David Xueling Li. NewsLivestreaming boosts user growth and revenue at Joyy2 mins read
Video streaming hub created for cartoon fans goes more mainstream. InsightsBilibili fights for China’s online audience with USD 2.6 billion listing8 mins read
The real estate affiliate has a vision to become the world’s biggest EV manufacturer by 2025. NewsKEY STAT | Evergrande NEV shares rise 7.3% despite ballooning losses2 mins read
The service had 17 million members at the end of May 2020, second only to Ant Group’s Xiang Hu Bao with about 100 million users. NewsTencent-backed mutual aid platform Qingsong Huzhu abruptly shuts down2 mins read