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China Venture Roundup Volume 35 covers China’s investment activity from May 3 – May 9, 2021.

Average monthly active users only increased 30% YoY to 223.3 million.

Amazon Pay has signed up close to five million merchants, it said last month.

Co-CEO Zhao says chip shortage will last at least until end of 2021.

EV deliveries increased nearly 500% compared to the same quarter in 2020.

Alibaba’s new investment strategy includes three main areas, including domestic consumption, globalization, and cloud and advanced technologies.

Ride-hailing has become easier and cheaper, but massive data given to the platforms could expose users to price discrimination.

Lu was booted from Luckin and evaded criminal charges. Now, he’s about to launch a 500-store noodle chain.

PhonePe plans to become profitable and file for an IPO over the next few years.

The Guangzhou-based firm expects to roll out truly driverless robotaxi services without safety operators in China by 2021.