BBK’s founder, billionaire Duan Yongping, rarely gives interviews, and the company’s management had almost let its brands exist independently.

Deal comes as Chinese e-commerce company hits obstacles in India.

The company could be a beneficiary of the global chip shortage due to growing demand.

Pinduoduo is increasingly penetrating China’s agriculture sector with investments in upgrading its supply chain, and the launch of grocery group buying.

While Clubhouse gave new life to audio-based social networking, copying is never a good short cut.

The relatively understated and press-shy ByteDance executive was responsible for creating short-video sensation Douyin.

Preparations for a nationwide rollout of the digital yuan are underway.

Antitrust accusations threaten strategy of snapping up promising new companies.