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.
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.
Last week, the state market regulator fined Luckin and the companies that assisted its sales fraud. New Chinese brands are attracting investor attention.
China launches an anti-trust probe into Alibaba and summon executives from Ant Group, Luckin continued to grow in 2020, investment into edtech surged.
ByteDance joins the annual Spring Festival marketing blowout. Alipay prepares for the 2021 red envelope war. Edtech attracts more investment.
JD.com’s logistics arm sets a price target for its IPO. Tencent, JD.com, and Alibaba’s new food recommendation app.
The news also immediately comes after a delivery partnership between Luckin and Meituan was announced in December 2018.
Some analysts think the SEC’s move is more about politics than financials. The delist might grow as more companies report earnings.
Subsidies play a key role in the coffee company’s plan to seize the Chinese market.
China fined five community group-buy platforms for price dumping, the “she economy” is on the rise as modern Chinese women power growth.