News

China’s Evergrande Health Industry Group entered an agreement to buy a 58.07% stake in car battery maker Shanghai CENAT New Energy at RMB 1.06 billion (US$156 million)  according to a filing wit

Industry observers say Huawei wants to be a one-stop shop for all things 5G, while its founder Ren Zhengfei showcased his absolute confidence that European and American countries would eventually have

Alibaba is offloading its stake in EasyHome, the second largest Chinese home-improvement chain it paid US$866 million for a 15% stake just 11 months ago to push forward the e-commerce giant’s new reta

Two Tencent games and one NetEase game surfaced on the list of 95 titles approved by the State Administration of Press, Publication, Radio, Film, and Television of China, the country’s broadcasting re

Yang Zhi, who writes Chinese literature under the pseudonym Jiangnan, revealed that he has been paid RMB 230,000 (roughly US$ 34,000) from Apple as compensation for copyright infringement. He sued App

Jack Ma, Alibaba’s high profile co-founder and chairman, touted his vision of a better and more inclusive globalisation on the stage of the annual World Economic Forum held in Davos, Switzerland

This gives Wechat Pay and Alipay an avenue to operate locally, under the state-owned company’s terms.

The ride-hailing company keeps rolling.