Qutoutiao widens losses in Q1 as user acquisition bites, CEO resigns

Content aggregator Qutoutiao doubled its net losses in the quarter ended March 31 despite strong revenue growth as the…


Briefing: Tencent expands in Europe with WeChat Pay tool in Amsterdam airport

WeChat Pay's European Flagship Smart Airport to open at Amsterdam Airport Schiphol accelerating spread of WeChat…


Briefing: Xiaomi Finance appoints ex-GOME as new chief risk officer

独家!小米金融迎来新任CRO,竟然是…… – 新流财经 What happened: Chinese smartphone maker Xiaomi’s consumer finance subsidiary, Xiaomi…


Briefing: Alibaba, Tencent to help standardize QR code payment in Japan

Japan to unify mobile payment codes, enlisting Chinese giants - Nikkei Asian Review What happened: Chinese tech giants…


Huawei promotes cloud with new products as carrier segment stumbles

Wang Tao, president of ICT Strategy & Marketing, introduces new cloud database and storage products in Beijing on…


Briefing: Hello TransTech seeking up to $1 billion in new round of financing

Ant Financial-backed Hello Chuxing seeks hefty financing that would take valuation to USD 4 billion - KrASIA What…


Briefing: Baidu to build a mega cloud data center in northwest China

Baidu will set up a cloud computing center in Northwestern China’s Xi’an – KrASIA What happened: Baidu is planning to…


A guard stands at the door of a Huawei store in Shanghai on March 22, 2019.

Briefing: Huawei ramps up China cloud competition with database tool

Huawei Targets Database Market in Challenge to Oracle - The Information What happened: Chinese smartphone giant…


Briefing: WeChat Pay's crypto trading ban 'not a bad thing,' says Binance CEO

WeChat Banning Crypto Trading is Not a Bad Thing: Binance CEO - News BTC What happened: WeChat pay's ban on crypto…


Briefing: China tech giants secure Hong Kong virtual banking licenses

巨头齐聚香港!蚂蚁、腾讯、平安、小米获批虚拟银行牌照 - Caijing What happened: Hong Kong Monetary Authority (HKMA) today issued four more licenses…