Briefing: Chinese AI companies raised $31.7 billion in the first half of 2018

2018上半年中国人工智能领域融资317亿美元 - ChinaNews What happened: Chinese artificial intelligence companies raised a combined $31.7…


Ctrip accused of faking hotel reservations by Japanese hotel

China’s largest online travel retailer Ctrip has been accused by an unnamed hotel operator of faking reservations on…


ByteDance to compete with WeChat by launching messaging app

Jinri Toutiao parent company ByteDance is reportedly planning to launch a messaging app as the firm sets its sights on…


Baidu-backed Haokan Video blocked from WeChat Moments

Baidu-backed video platform Haokan has accused tech giant Tencent of anti-competitive behavior after its video content…


Briefing: Tencent-backed fashion retailer Mogu debuts in New York

Tencent-Backed Fashion Retailer Mogu Ends Trading Debut Flat - Bloomberg What happened: Mogu Inc., the fashion and…


Briefing: Didi restructures amid safety and monopoly concerns

China’s Didi restructures key units to improve safety following passenger deaths - TechCrunch What happened: Chinese…


Briefing: P2P lender Lufax reportedly raises $1.3 billion

Ping An-backed Lufax raises $1.3 billion at lower valuation: sources - Reuters What happened: Lufax, one of China’s…


Briefing: Weibo plans expansion to global 'Chinese-speaking world'

Twitter of China Weibo eyes expansion to overseas ‘Chinese-speaking world’ - SCMP What happened: Chinese social media…


Updated: Thirty million users of Chinese dating app Momo reportedly had their data exposed

Personal data from 30 million users of China’s top dating app Momo is reportedly being sold for as little as RMB 200…


ofo partners with nine online lenders amid cash strain

In a bid to ease its cash strain, Chinese bike rental firm ofo has entered into partnerships with nine online loan…