The cloud computing sector is likely to see increased competition in the coming months.
Regulators are requiring P2P firms to clear outstanding loans within a year.
A major stakeholder is selling off most of its shares in Yidian’s parent company, reportedly to prepare for an IPO on Shanghai’s new tech bourse.
Hejiabao was positioned to provide financial protection in the event of life-threatening conditions.
Meituan has battled with Alibaba in its core food delivery business for years, following their short-lived friendship.
NetEase could be restructuring to curtail further losses during the current gaming freeze.
Alibaba’s stock has dropped 30% from a record high just a few months ago.
Nina Xiang argues that China has bitten off more than it can chew in trade confrontation with the US.
The new database product release comes as the company’s carrier business faces global scrutiny over the security of its 5G equipment.
Guo Jinyi, co-founder and senior vice president at Luckin, responded to the Alibaba-Starbucks deal by saying that traditional retail, even with the increased takeaway and mobile payments, is not necessarily new retail since the fundamental business model had not changed.