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Chen Wenyuan, the 50-year-old chairman of Suzhou HYC Technology, is the biggest winner.

The capital will be used to fuel its expansion across the region.

A joint hunt for a younger audience has started.

New funds are a life-or-death matter for China’s EV makers.

Regulators say Zalo, already with 100 million users, has not been licensed to operate as a social media network.

ByteDance is now directly challenging two of China’s most powerful internet giants.

Line’s business accounts tailored for SMEs are merging with the ones intended for big corporations.

It could make Didi’s balance sheet look neater for now, but the ride-hailing company is still far from being profitable.