The newly-formed department will be considered the cradle of “new growth engines.”
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Posted inOn the Cusp
Briefing: Didi restructures amid safety and monopoly concerns
The murder of two passengers has exposed Didi and China’s ride-hailing industry to increased scrutiny.
Posted inHeavy Hitters
Alibaba restructures to focus on cloud computing and new retail
Alibaba restructures business structure two months after Tencent.
Posted inHeavy Hitters
Briefing: Tencent stocks drop to lowest point in 15 months
Tencent stock price drop is not only about China’s crackdown on gaming.
Posted inHeavy Hitters
Alibaba looks to Beijing’s OTC market for emerging retail opportunities
The two recently invested companies are listed on Beijing’s NEEQ, home to many emerging internet and tech stocks.
Posted inHeavy Hitters
Briefing: The battle for cloud computing is a marathon says Kingsoft Cloud CEO
The cloud computing sector is likely to see increased competition in the coming months.
Posted inOn the Cusp
NetEase rumored to re-structure gaming departments
NetEase could be restructuring to curtail further losses during the current gaming freeze.
Posted inHeavy Hitters
Alibaba’s stock hits 52-week low amid trade war
Alibaba’s stock has dropped 30% from a record high just a few months ago.
Posted inTurf Wars
Luckin says Alibaba deal doesn’t make Starbucks new retail
Guo Jinyi, co-founder and senior vice president at Luckin, responded to the Alibaba-Starbucks deal by saying that traditional retail, even with the increased takeaway and mobile payments, is not necessarily new retail since the fundamental business model had not changed.
