China

The platforms took a wait-and-see attitude, rather than actively addressing their problems.

265 million people are expected to travel during the five-day vacation in early May.

The EV maker suspended its production for five working days at the end of March due to a lack of chips, which is likely to affect deliveries in April.

China Venture Roundup Volume 30 covers China’s investment activity from April 19 -25, 2021.

ByteDance’s Douyin expects that its no-commission structure and huge traffic from short videos can lure consumers away from incumbent platforms like Meituan and Ele.me.

Trips within Shougang Park, one of the venues for the 2022 Beijing Winter Olympics, will cost RMB 30.

Tesla reduced its prices by 20% after switching to the low-cost alternative.

The stock connect programs with Shanghai and Shenzhen recorded historical highs in terms of revenue.