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Ctrip’s net income triples in Q1 on the back of equity investments

Counting out the gains from investments, profits were lower than in the same period last year.

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The firm says it has a total of USD 1 billion in assets under management
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ZWC Partners introduces its USD 150 million Southeast Asia and China fund
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Indonesia has taken a cautious stance towards online lending and hopes to reign in bad actors.
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Indonesian fintech association sanctions lending platform that sets high interest rate
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It’s a new development in Tencent’s Internet of Vehicles program.
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Tencent is integrating WeChat into new cars this year
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Preparing for a tech cold war.
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China hands out tax breaks for chipmakers and software vendors
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Mafengwo also sells travel-related merchandise on its platform, and hosts editorial content geared toward China’s domestic and outbound travelers.
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Chinese online travel agency Mafengwo raises USD 250 million, with Tencent leading the investment
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Starbucks just took a bite out of Luckin Coffee’s playbook
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Starbucks takes after Luckin, launching in-store pick ups in China
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Alibaba’s food delivery unit was sued by Meituan in 2016 for unfair competitive practices
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Ele.me calls for peace in food delivery beef with Meituan
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The market is still small if you consider how much cash investors have spent.
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China’s AI market size reaches USD 1.76 billion in 2018
1 min read