NewsChinese food delivery giant Meituan Dianping posts Q1 loss after three consecutive profitable quartersBut the company still managed to beat analyst revenue expectations. 2 mins read
The number of companies developing artificial intelligence technologies has grown from 30 to 80, a whopping 166% increase. NewsJerusalem a rising powerhouse for Israel’s tech scene, report says4 mins read
The deal will make Yunda the second-largest shareholder of Deppon with a 6.5% stake. NewsCHINA BRIEF | Alibaba-backed courier firm Yunda injects USD 86 million into Deppon Express1 min read
A total of 3,600 cars have been sold on Pinduoduo between May 1 and May 20 of 2020. NewsCHINA BRIEF | Pinduoduo sets special team to stimulate car sales1 min read
The action will prohibit the export, re-export, or in-country transfer of United States technology to the company. NewsCHINA BRIEF | Cybersecurity firm Qihoo 360 added to US Entity List1 min read
The move marks a retreat from Downing Street’s previous position. NewsCHINA BRIEF | UK government to reduce Huawei’s participation in country’s 5G network development plan1 min read
Hong Kong has seen a threefold jump in transaction volume passing through the Hong Kong Monetary Authority’s Faster Payment System. NewsThanks to mahjong and poker, HSBC’s e-wallet hits new milestone on pandemic-driven surge in online payments3 mins read
eCapitaMall will feature products from retailers most of which are operating in CapitaLand’s shopping malls. NewsCapitaLand to launch e-commerce, food delivery platforms on June 1 to drive sales2 mins read
The directive from the Supreme People’s Court comes amid the growing number of disputes over money spent by minors on these platforms. NewsChina’s highest court supports refund for kids’ excessive spending on games, livestreaming apps2 mins read