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Tencent’s Hong Kong-listed shares dived 10% following the news, erasing USD 34.6 billion in market capitalization.

Xiaomi continued to be the number one player, with about 29% market share, followed by Samsung and Vivo.

Shangjia Xiaochengxu aims to help the retail sector to upgrade digitally and seek additional revenue growth.

Beijing-backed SMIC downplays risk of losing Huawei orders.

6 things to know if you’re investing in China, straight from entrepreneurs and VCs.

The shared-office model has been disrupted both by the coronavirus pandemic and the public collapse of WeWork.

WeChat has little presence in the US, but is an integral communication tool for Chinese people overseas.

In May, another Li One caught fire in Changsha, when a car paint protective pad, that was stuck to the exhaust pipe, ignited.

Chinese ride-hailing giant Didi Chuxing has already entered into a ‘strategic partnership’ with the central bank over the sovereign digital currency plan.

Tencent is reportedly driving discussions to merge China’s two biggest video game livestreaming platforms, Huya and Douyu.