Briefing: Meitu cuts smartphone segment amid gloomy financials

美图2018年财报喜忧参半 互联网业务将“接棒”智能手机 – 21st Century Business Herald What happened:…


Tencent Music records solid revenue and paying user growth in 2018

Screenshot of the Tencent Music Entertainment Group website (Image Credit: Tony…


Xiaomi promotes AIoT plans as 2018 profits underwhelm

(Image credit: Xiaomi) Chinese smartphone maker Xiaomi Corp. announced on…


WeChat, Alipay, QQ top-ranking apps in February

Latest mobile app rankings show that WeChat, Alipay, and QQ were the most used…


Briefing: Auto platform Uxin narrows losses on swelling used car sales

优信2018年Q4总营收11.367亿元,同比增长61.6% - Jiemian What happened: Chinese online used car…


Pinduoduo losses in fourth quarter 2018 disappoint

Huang Zheng, Pinduodup founder and CEO (Image credit: Pinduoduo). Pinduoduo…


Chinese fintech unicorn Lufax in no rush to IPO

(Image credit: Lufax) Chinese peer-to-peer (P2P) lender Lufax is not in a hurry…


Softbank to invest $1.6 billion in Didi: CEO

Japanese conglomerate Softbank will invest an additional $1.6 billion in Didi,…


Live-streaming app Momo posts strong growth in 2018 amid climbing costs

Chinese location-based social app and live-streaming platform Momo reported…


Super app Meituan promises prudence after Mobike bill hits home

Image credit: Meituan Operating losses at Chinese food delivery and services…