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 […]
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Posted inTurf Wars
Xpeng shares surge on first results, promises China’s best assisted self-driving solution
Xpeng is gearing up for an ambitious goal: setting a benchmark for driver assistance technology in China that rivals will have to overcome.
Posted inOn the Cusp
INSIGHTS | ‘Second landlord’ platforms get tenants in debt to fund growth
China’s second landlord platforms are highly susceptible to downturns. Many have already collapsed—and there’s no guarantee even the largest will survive.
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.
Posted inOn the Cusp
China’s largest e-book seller faces writer backlash
The uproar over China’s largest e-book platform, owned by Tencent, is the latest dispute against Chinese tech giants accused of exploiting partners.
Posted inOn the Cusp
EMERGE 2020 | China’s EV battery reliability a lingering question
Chinese EV battery makers trail behind Asian peers in technology, resulting in issues such as fire risk, say experts at TechNode’s Emerge 2020 event.
Posted inViews
Luckin fraud admission leaves more questions than answers
‘If there’s anything to be learned about Luckin Coffee, it’s that there’s always more than meets the eye.’ Luckin skeptic Michael Norris has more questions.
Posted inOn the Cusp
INSIGHTS | Who owns ‘internet literature’?
Powered by grassroots fans, Chinese ‘internet literature’ is big business. It does for Chinese film and TV what Marvel comics do for Hollywood.
Posted inWith Chinese Characteristics
Nio’s affluent fanbase might save it from failure
Users are going to great lengths to help the firm navigate choppy waters and continue to push the NEV sector forward.
