Merchants accuse Ele.me of unfairly deducting money from orders
Merchants are accusing food delivery startup Ele.me of forcing to deduct RMB 3 per order for promotion fee for a bid ranking, Tencent News is reporting…
Author: Eva Yoo
Short video platforms Douyin, Kuaishou accused of showing counterfeit products
Chinese short video platform such as Douyin and Kuaishou are being criticized for featuring video hosts who make and distribute counterfeit products on…
Bytedance will have more than half of its users from overseas by 2020: CEO Zhang Yiming
Zhang Yiming—CEO of Bytedance an AI-powered content platform and parent to Toutiao—said that the company's 2018 keyword is globalization at the sixth a…
How to evaluate blockchain projects and why the industry needs more women: Women in blockchain panel
With so many blockchain projects, how can you judge which ones are legitimate? On International Women's Day, March 8, women in blockchain, including fo…
Blockchain startups are overvalued: Q&A with Anju Patwardhan, Managing Director at CreditEase China
Blockchain technology is in full swing. Baidu, Alibaba, and Tencent are all vigorously investing in blockchain technology and Chinese VCs are fishing f…
Didi plans to raise $1.5 billion using asset-backed securities
Chinese ride hailing company DiDi announced on March 19th that the company will raise $1.5 billion in funding using asset-backed securities (ABS), afte…
Alibaba doubles down on Lazada with additional $2 billion
E-commerce giant Alibaba announced today that it will invest an additional $2 billion in Lazada Group to accelerate the growth plans of Southeast Asia’…
Didi Bike operation was suspended for one day in Shenzhen
Chinese taxi hailing company Didi's bike rental service, Didi Bike (青桔单车, meaning green tangerine bike in Chinese), was suspended for one day for not o…
This app is making reimbursement easier for China’s tech employees
For many employees in the West, if you want to make a business purchase, you can either just use the corporate credit card or just bring in an invoice …
Xiaomi jumps on blockchain pet bandwagon with Cryptorabbits
After Baidu's financial blockchain lab released the blockchain pet Cryptodoggies (莱茨狗), Netease also launched a similar product "Lucky Cat (招财猫)." Now,…
WeChat is testing search function that displays results from inside mini programs
170 million people use WeChat's mini program every day, and WeChat is pushing efforts to upgrade mini program and mini game features to help businesses…
Ant Financial announces RMB 500 million in ecological investment in 2018
To celebrate National Tree Planting Day (植树节) on March 12, Ant Financial CEO Jing Xiandong said on March 11 that Ant Forest will invest RMB 500 million…