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In the first quarter of 2020, the number of job postings in China declined by 24% year-on-year.

The SoftBank Vision Fund is in talks with 15-20 companies for both secondary and primary investments.

Kuaishou’s global expansion continues.

Netizens are questioning the company’s internet marketing strategy.

Huya and Douyu, both backed by Tencent, have already surpassed Twitch in number of monthly active users.

Amid competition from Luckin, Starbucks hopes to digitalize its services in the country.

The company recorded 250% growth in six months, serving 7,000 pharmacies, clinics, and hospitals across .

The company’s existing investors include BOE, Xiaomi, and Qualcomm.

Goh Yiping from Quest Ventures will join the company’s board of directors.

Analysts see only limited long-term benefits for the industry, as participants might just be seeking cash incentives.