NewsFormer Didi executive joins ByteDance’s Douyin HuoshanDouyin Huoshan and Douyin have more than 600 million daily active users. 2 mins read
The Hangzhou-based internet giant also owns a minority stake in the Netease Cloud Music service. NewsAlibaba’s music streaming app Xiami is said to be shutdown2 mins read
KPMG expects a rise in M&A activity in the near future. NewsKEY STAT | China accounted for 8 of Asia’s 10 biggest VC deals in Q3 20202 mins read
China’s largest on-demand service platform has been one of the slowest tech giants to rebound from the impact of COVID-19, but the recovery is underway. NewsMeituan shows strong recovery as China’s service economy rebounds2 mins read
Ziroom now manages properties of nearly 500,000 owners in nine cities including Shenzhen and Shanghai, and rents to about 3 million tenants. NewsSoftBank-backed Ziroom acquires Bestbond, as Danke’s problems cause industry-wide turbulence3 mins read
China’s grocery group-buying sector is gaining steam as the pandemic is boosting demand. NewsKEY STAT | Social e-commerce startup Nice Tuan closes its fourth fundraising round in 20201 min read
All six companies are operating in the SaaS industry, which is expected to see significant growth in 2021. NewsChinaccelerator announces six companies in its Batch 18, says SaaS will boom in 20212 mins read
Critics say that big companies are squeezing traditional small vendors. NewsJD.com to launch unified grocery group-buying service2 mins read
VSPN’s lofty ambitions are riding on the popularity of e-sports among young people worldwide. InsightsThis Tencent-backed firm wants to dominate global e-sports events: Inside China’s Startups4 mins read
