China

Alibaba’s strong growth, buoyed by 2020’s extended Singles’ Day shopping festival, was overshadowed by an antitrust investigation and Ant Group’s business overhaul.

Tencent is looking to consolidate shoppers’ data and traffic within WeChat.

Li Auto and Xpeng also report record-breaking numbers.

Kuaishou is more of a social community, while chief rival Douyin functions like a media and entertainment platform.

Huawei and ByteDance also filed lawsuits against the US government.

Chinese biztech media 36Kr Chuhai launches its website, aiming to bridge the information gap between Chinese and overseas market and help global companies dock in China effectively.

Market leader curries favor ahead of IPO amid tech clampdown.

As China’s EV charging network approaches 2 million stations, both public and private operators are looking to expand their footprint, while battery swapping may offer a convenient alternative.