China

Chinese regulators probe Alipay’s exclusive role in mutual fund distribution which has delayed Ant’s IPO.

Short video surpasses instant messaging to become the most used internet application by daily usage time in China.

The rivaling pair is facing new competitors.

The firm’s main rivals Nio, Li Auto, and Xpeng are already listed in the United States.

The Shaonian Dedao app has gained 3 million registered users since its launch in April 2018, making it one of the fastest growing platforms in the online education sector.

The company’s clients include National Development and Reform Commission, China’s economic planner and State-owned Assets Supervision and Administration Commission of the State Council.

Chinese EV startups look up to Tesla not only in terms of brand recognition, but also in the firm’s all-encompassing strategy for EVs.

So far, the government has issued 1.04 million license plates for ride-hailing vehicles and 2.5 million ride-hailing driver licenses.