The annual meetings of the National People’s Congress (NPC) and the advisory Chinese People’s Political Consultative Conference (CPPCC) being held this week are most important for the windows they provide into the government’s economic targets and policy priorities in the coming year. But the so-called “two sessions” meetings also enable some top private enterprise executives who are […]
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Posted inEvents
Announcing winners of the OTEC-Emerge Technology Awards
Emerge is TechNode’s annual conference about emerging trends in China tech. It presents a strategic and forward-looking view of China’s tech sector in English with voices from experts and representatives of leading companies.
Posted inWith Chinese Characteristics
Digital yuan goes physical, mining rig prices rise: Blockheads
The digital yuan is trialed again in Shenzhen, at ATMs and via a smart card. Crypto mining rig prices soared as Bitcoin hit the $41,000 mark.
Posted inUp and Comers
Briefing: Uxin to receive $230 million through private convertible note deal
China’s second-hand car trading market has witnessed the rise of several top players include Uxin, Renrenche, Guazi, and Souche.
Posted inUp and Comers
Used car seller Uxin suspends staff after slashing salaries
Struggling used car selling platform Uxin is cutting salaries and suspending employees to cut costs amid the Covid-19 outbreak.
Posted inOn the Cusp
MissFresh, Dingdong Maicai file for US IPOs, JD expands overseas: Retailheads
MissFresh, Dingdong Maicai, two Chinese online grocers, filed for US IPOs. JD.com and its logistic branch are expanding overseas.
Posted inOn the Cusp
Crypto exchanges pull services to Chinese customers, mining updates: Blockheads
Crypto exchanges are shutting off Chinese users from derivatives trading. A government official said digital yuan could run on Ethereum.
Posted inWith Chinese Characteristics
China Tech Investor: 21: Why UXIN’s stock is a lemon with Anne Stevenson-Yang of J Capital Research
Anne and her team at J Cap recently released a report accusing US-listed Chinese second-hand auto sales platform UXIN of fraud.
Posted inThe Numbers
Second-hand mobile phone user data is being sold in China for as little as RMB 10
Second-hand mobile phones have become a target for illicit data brokers, who recover deleted user data and sell it on the black market for as little as RMB 10 ($1.56). Even phones that have been formatted to prevent incidents like this are not immune to exploitation. According to reports, consumers sold over 30 million mobile […]
Posted inOn the Cusp
China’s Craigslist is buying a car auction platform
Online classifieds site 58.com is purchasing the enterprise car auction unit of troubled second-hand car selling platform Uxin for $105 million in cash. Why it matters: The purchase marks the sale of another major asset from used car seller Uxin in its year-long struggle to stay afloat, complicated by slowing car sales from the Covid-19 […]
