Tencent makes strategic investment in new retail B2B Huixiadan
Chinese B2B e-commerce platform Huixiadan (惠下单) has secured an undisclosed amount of strategic investment (in Chinese) from Tencent. Founded in 2015 b…
Author: Emma Lee
Alibaba’s O2O lifestyle app is testing online menu for restaurants
Alibaba’s lifestyle app Koubei is testing an online restaurant menu function (in Chinese) at a chain tea shop and a fast food store in Wuxi City. The …
China launches first blockchain-enabled community supervision and correction platform for criminals
Guangzhou's Chancheng District rolled out on May 11 a new blockchain-enabled project (in Chinese) for community supervision and correction of ex-prison…
Alibaba’s giant monetary fund Yu’e Bao lowers same day withdrawal limit to RMB 10k
Alibaba’s Yu’e Bao announced on May 14th that the monetary fund is going to lower its daily T+0 (same day) withdrawal limit (in Chinese) from RMB 50,00…
How gaming companies are coping with soured Sino-Korean ties
In March last year, South Korea allowed the US to install the Terminal High Altitude Area Defense (THAAD) missile system on its soil. Since then, China…
Social e-commerce service Sibu raises $7 million to boost mini-program project
Social e-commerce platform Sibu Group has secured a RMB 50 million ($7 million) B round from China Growth Capital. The fund will be used to boost the …
Tencent’s photo editing app goes viral, attracts concerns over data privacy
A new photo editing feature that lets netizens create selfies looking like they’re in the last century has gone viral in China. Picture of My Past Life…
WeChat drove nearly $33 billion in consumption in 2017
China’s most popular app WeChat is so much more than just an instant messaging app. It’s also where Chinese people order food, make doctor's appointmen…
Ofo slows down orders from bike makers
Ofo only ordered over 80k bicycles from its manufacturing partner Shanghai Phoenix so far this year. This is far short of the anticipated 5 million bik…
Alibaba’s former CTO is building an unconference for China’s youth
2050 aims to equip young people to take action and to become volunteers. Ahead of the event in May, we are taking a look at some the companies and peop…
Improving technology is the foundation of online education: Hou Jianbin, CEO of Zuoyebang
China’s online education industry has witnessed robust growth over the past few years and shows no signs of slowing down. The sector had attracted a us…
China’s lesser-known tech hub Fujian Province joins blockchain craze
China’s southeastern coastal province Fujian has announced a regional policy that encourages local tech companies and startups to adopt blockchain tech…