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Alipay to give out USD 1.4 billion in coupons to boost consumption, increase app adoption

Alipay hopes to increase adoption of the app among SME owners, while spurring consumer spending in China’s coronavirus-hit economy.

3 mins read
  • The startup is in preparations for an initial public offering but has shifted the destination from the US to Hong Kong, following the Luckin scandal.

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    CHINA BRIEF | On-demand tea company Naixuecha scores USD 100 million in investment

    1 min read

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