The cloud computing sector is likely to see increased competition in the coming months.
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Posted inWith Chinese Characteristics
Ping An to fold P2P lender Lufax into new consumer finance arm: report
Regulators are requiring P2P firms to clear outstanding loans within a year.
Posted inPosts
Briefing: News app unicorn Yidian Zixun’s Shanghai IPO may be underway
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.
Posted inHeavy Hitters
Bytedance’s Jinri Toutiao removes medical insurance product from app
Hejiabao was positioned to provide financial protection in the event of life-threatening conditions.
Posted inHeavy Hitters
Alibaba accuses Meituan CEO of libel for questioning founder’s integrity
Meituan has battled with Alibaba in its core food delivery business for years, following their short-lived friendship.
Posted inOn the Cusp
NetEase rumored to re-structure gaming departments
NetEase could be restructuring to curtail further losses during the current gaming freeze.
Posted inHeavy Hitters
Alibaba’s stock hits 52-week low amid trade war
Alibaba’s stock has dropped 30% from a record high just a few months ago.
Posted inViews
Xi should capitulate—not because US is right, but because China is vulnerable
Nina Xiang argues that China has bitten off more than it can chew in trade confrontation with the US.
Posted inTurf Wars
Huawei promotes cloud with new products as carrier segment stumbles
The new database product release comes as the company’s carrier business faces global scrutiny over the security of its 5G equipment.
Posted inTurf Wars
Luckin says Alibaba deal doesn’t make Starbucks new retail
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.
