Police apprehended the sender after the user feared for the safety of her family.
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Posted inUp and Comers
Chinese second-hand car platform Uxin accuses rival of faking revenue data
This is not the first time Guazi has been accused of unfair competition and attempting to mislead the public.
Posted inHeavy Hitters
JD-backed electronics reseller Aihuishou files for US IPO
Aihuishou, a Chinese electronics resale platform backed by JD.com, filed an application for an IPO on the New York stock exchange on Friday.
Posted inOn the Cusp
China’s Craigslist is buying a car auction platform
Online classifieds site 58.com is purchasing the enterprise car auction unit of troubled second-hand car selling platform Uxin for $105 million in cash. Why it matters: The purchase marks the sale of another major asset from used car seller Uxin in its year-long struggle to stay afloat, complicated by slowing car sales from the Covid-19 […]
Posted inOn the Cusp
MissFresh, Dingdong Maicai file for US IPOs, JD expands overseas: Retailheads
MissFresh, Dingdong Maicai, two Chinese online grocers, filed for US IPOs. JD.com and its logistic branch are expanding overseas.
Posted inOn the Cusp
Crypto exchanges pull services to Chinese customers, mining updates: Blockheads
Crypto exchanges are shutting off Chinese users from derivatives trading. A government official said digital yuan could run on Ethereum.
Posted inOn the Cusp
Briefing: Hema partners with Alipay to gamify plastic-free shopping
Hema expects the green initiative to save over 12 million plastic bags and plant 15,000 trees.
Posted inOn the Cusp
The failed “Facebook of China” leaves its future in the hand of users
The founding team of Renren has finally decided to let go of their efforts to restore the platform to its former glory, leaving the fate of the site in the hands of users and partners instead.
Posted inHeavy Hitters
Chinese drone maker DJI will soon see its in-car system in a mass-produced EV
The launch marks a first milestone for the world’s largest maker of consumer drones in its push into the Chinese EV space.
Posted inHeavy Hitters, On the Cusp
Nio stocks rebound as Q1 deliveries beat forecasts
The Q1 performance of Nio was a big relief for investors and eased concerns over fallout from the recent Luckin scandal.
