NewsChina enlists Ant-backed MYbank in expanding digital yuan trialTencent’s WeBank also joins the six state-owned banks in the pilot. 1 min read
The regulator intends to bring down the leverage ratio of Chinese fintech companies. NewsChina issues new online loan rules to lower financial risk2 mins read
UN shows world’s largest internet market still has ample room to grow. NewsChina just 55th on e-commerce index due to low internet access3 mins read
Xiaomi founder Lei Jun would lead the new EV team. He has backed both Nio and Xpeng through his venture capital firm Shunwei Capital. NewsA ‘Xiaomi car’? Phonemaker reportedly targets EV production2 mins read
In China’s first-tier cities, market penetration of ride-hailing services exceeded 70% as of Q1 of 2019. NewsKEY STAT | Ride-hailing services accounts for a third of China’s taxi traffic1 min read
New investment flows into China’s bike-sharing sector as the industry matures. NewsDidi’s biking-sharing unit Qingju raises USD 600 million in Series B2 mins read
After teaming up with JD.com and Pinduoduo, Gome plans to take on market leader Suning. NewsChina’s former richest man is planning a comeback following jail time3 mins read
This is a snippet of China Venture Roundup Volume 23, covering China’s investment activity from February 8 – 14 2021. China Venture RoundupCloud service provider Cloopen Group’s stellar IPO debut | China Venture Roundup Volume 232 mins read
Waterdrop had around 330 million paid users at the end of June. NewsKEY STAT | Tencent-backed online insurer Waterdrop eyes US listing1 min read
