Alibaba restructures business structure two months after Tencent.
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Posted inHeavy Hitters
Chinese travel firms restructure apps to comply with new e-commerce law
The law doesn’t just prohibit fake products and reviews on shopping sites like Taobao.
Posted inHeavy Hitters
Xiaomi restructures mobile phone business as company moves away from ‘flat’ structure
The restructuring follows reports that Xiaomi is trying to become ‘more regulated.’
Posted inHeavy Hitters
Alibaba reshuffles executives in fintech, travel, retail units
The Alibaba restructuring involved fintech affiliate Ant Financial, online travel platform Fliggy, retail, and entertainment units.
Posted inOn the Cusp
Luckin apologizes to staff after month-long fraud tumult
Luckin apologized to its employees for the upheaval following its fraud admission in early April, and on the same day removed its CEO and COO.
Posted inHeavy Hitters
Briefing: Tencent stocks drop to lowest point in 15 months
Tencent stock price drop is not only about China’s crackdown on gaming.
Posted inHeavy Hitters
Tencent, Ant Group banks to take part in digital yuan trials: report
The fintech giants’ licensed online-only banks will be the first of their kind to take part in China’s digital yuan trials.
Posted inThe Numbers
Briefing: Xiaomi purchases 0.5% stake in electronics giant TCL
The investment and cooperation agreement with Xiaomi could streamline TCL’s move away from consumer electronics.
Posted inHeavy Hitters
Briefing: Faraday Future settles months-long dispute with investor Evergrande
Both parties have agreed to drop all litigation against each other.
Posted inHeavy Hitters
Alibaba looks to Beijing’s OTC market for emerging retail opportunities
The two recently invested companies are listed on Beijing’s NEEQ, home to many emerging internet and tech stocks.
