Pinduoduo is under fire again for deleting pictures from a user’s photo album without consent. Luckin opens up to franchises in lower-tier cities.
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Posted inHeavy Hitters
Ele.me faces backlash, Luckin coup: Retailheads
Ele.me is criticized for its treatment of the family of a deliveryman who died on the job. The US may ban American investors from Alibaba and Tencent.
Posted inHeavy Hitters
Luckin fined, VCs seek out new Chinese brands: Retailheads
Last week, the state market regulator fined Luckin and the companies that assisted its sales fraud. New Chinese brands are attracting investor attention.
Posted inHeavy Hitters
Luckin reportedly seeking Ele.me tie-up for deliveries amid profit pressures
The news also immediately comes after a delivery partnership between Luckin and Meituan was announced in December 2018.
Posted inHeavy Hitters
Alibaba empire under pressure, VCs flood edtech: Retailheads
China launches an anti-trust probe into Alibaba and summon executives from Ant Group, Luckin continued to grow in 2020, investment into edtech surged.
Posted inHeavy Hitters
ByteDance joins Spring Festival ad war, edtech funding: Retailheads
ByteDance joins the annual Spring Festival marketing blowout. Alipay prepares for the 2021 red envelope war. Edtech attracts more investment.
Posted inHeavy Hitters
JD Logistics IPO, Tencent and Alibaba new offerings: Retailheads
JD.com’s logistics arm sets a price target for its IPO. Tencent, JD.com, and Alibaba’s new food recommendation app.
Posted inHeavy Hitters
Starbucks, Freshippo ‘Star Kitchen’ tie-up opens in Beijing as delivery catches on
Freshippo’s logistical capabilities complement Starbucks’ core business to attract consumers who are increasingly turning to delivery.
Posted inHeavy Hitters
Ant Group may sell more shares in Shanghai than Hong Kong in IPO: report
The dual IPOs for fintech giant Ant Group are likely to be the biggest of the year, and Shanghai’s fledgling STAR Market could see a major boost.
Posted inWith Chinese Characteristics
INSIGHTS | Can superboards save China tech from one-man rule?
Elite boards that can overrule the board of directors are the latest fad in Chinese tech corporate governance.
