Corruption was a trademark of China’s economic boom years, and now the attitude towards such practices is changing.
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Posted inWith Chinese Characteristics
Hillhouse, Temasek and others may lose hundreds of millions of dollars as a Chinese startup collapses
Iwjw, a self-claimed property unicorn, appears to have gone into liquidation.
Posted inHeavy Hitters
Dada-JD Daojia raises $500 million from Walmart and JD.com
Dada-JD Daojia (达达-京东到家), a Chinese online grocery and delivery company, has completed the latest round of funding, raising $500 million from Walmart and JD.com.
Posted inHeavy Hitters
SF Express shutters grocery stores amid slowing e-commerce growth
The company plans to increase its market share by expanding its retail business in the southern region of China and in Beijing.
Posted inHeavy Hitters
Dianping employee fired for revealing payroll wins compensation from court
Three years after being fired, the ex-Dianping worker got RMB 120,000 in compensation.
Posted inHeavy Hitters, On the Cusp
Alibaba’s O2O lifestyle app is testing online menu for restaurants
Alibaba’s lifestyle app Koubei is testing an online restaurant menu function (in Chinese) at a chain tea shop and a fast food store in Wuxi City. The new feature offers two different kinds of services. Customers dining in at the restaurant can place orders on Koubei app when they are waiting in the line or […]
Posted inOn the Cusp
NEV fleet logistics startup DST completes Series C1
Two repeat investors participated in DST’s latest fundraise, and well-known Qiming Ventures led its first funding rounds.
Posted inHeavy Hitters
Alibaba merges its two food delivery platforms Ele.me and Koubei
Alibaba Local Services Company is embracing “new retail” to fend off competitors such as Tencent-backed Meituan.
Posted inUp and Comers
TechNode launches Corporate+ Membership Program
Designed for senior leaders and decision-makers, Corporate+ offers corporate members an all-in-one service across different cities in China.
Posted inHeavy Hitters
Restaurants face higher costs as food-delivery platforms hike fees, again
Increased commissions suggest food-delivery platforms are becoming increasingly serious about improving their financials.
