Briefing: Sinovation Ventures opens new Greater Bay Area HQ

Lee Kai-fu's Sinovation Ventures Opens Greater Bay HQ After Raising USD362 Million - Yicai Global What happened:…


Alibaba speeds up Russian expansion with Mail.ru JV

Image credit: bigtunaonline/Bigstock Alibaba’ global expansion initiative widened further Wednesday when it announced a…


Briefing: LinkedIn to shut down its localized China app, Chitu, in July

Chitu, LinkedIn’s localized app for China, to go offline by end of July - KrAsia What happened: LinkedIn is going to…


JD.com merges used goods platform Paipai with Aihuishou in recycling push

Workers stroll through the lobby at online retailer JD's Beijing headquarters, pictured here in November 2018. (Image…


Briefing: Plastic surgery app So-Young posts strong Q1 earnings, rising costs

新氧科技上市首秀:一季度净赚4590万元,较去年同期涨50% - Sina Tech What happened: Chinese plastic surgery app So-Young announced total revenue…


WeWork, Alibaba Cloud partner on initiative to attract global companies

(Image credit: Alibaba) Chinese cloud computing giant Alibaba Cloud, US-based shared workspace operator WeWork, and…


Briefing: German supermarket Aldi crowds into offline with Shanghai store

German food discounter Aldi to open first store in China - Deutsche Welle What happened: German supermarket chain Aldi…


Briefing: Uxin to receive $230 million through private convertible note deal

优信宣布新一轮融资2.3亿美元 58同城领投 - Sina Tech What happened: Chinese second-hand car selling platform Uxin today announced that it…


Briefing: Alibaba reportedly among 8 bidders for Metro's China operations

Germany's Metro to expect at least eight second-round bids for China unit: sources - Reuters What happened: Chinese…


Briefing: Tencent leads $250 million investment in social travel site Mafengwo

Mafengwo Raises $250 Million in New Funding Round Led by Tencent - PRnewswire What happened: Chinese travel service and…