China launches an anti-trust probe into Alibaba and summon executives from Ant Group, Luckin continued to grow in 2020, investment into edtech surged.
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Posted inHeavy Hitters
ByteDance joins Spring Festival ad war, edtech funding: Retailheads
ByteDance joins the annual Spring Festival marketing blowout. Alipay prepares for the 2021 red envelope war. Edtech attracts more investment.
Posted inHeavy Hitters
JD Logistics IPO, Tencent and Alibaba new offerings: Retailheads
JD.com’s logistics arm sets a price target for its IPO. Tencent, JD.com, and Alibaba’s new food recommendation app.
Posted inHeavy Hitters
Nasdaq is helping China keep IPOs at home
Alarmed by the Luckin Coffee, scandal, Nasdaq moves to restrict IPOs by Chinese companies, effectively helping Beijing keep them at home.
Posted inHeavy Hitters, On the Cusp
Nio stocks rebound as Q1 deliveries beat forecasts
The Q1 performance of Nio was a big relief for investors and eased concerns over fallout from the recent Luckin scandal.
Posted inHeavy Hitters
Starbucks, Freshippo ‘Star Kitchen’ tie-up opens in Beijing as delivery catches on
Freshippo’s logistical capabilities complement Starbucks’ core business to attract consumers who are increasingly turning to delivery.
Posted inHeavy Hitters
Ant Group may sell more shares in Shanghai than Hong Kong in IPO: report
The dual IPOs for fintech giant Ant Group are likely to be the biggest of the year, and Shanghai’s fledgling STAR Market could see a major boost.
Posted inHeavy Hitters
US regulator is investigating Iqiyi for financial fraud
Iqiyi said it is under investigation by the SEC over a short report released in April that accused the company of inflating 2019 revenue by up to 40%.
Posted inHeavy Hitters
Chinese users can now order Starbucks coffee on Taobao
The new service expands on previous partnerships between Starbucks and Alibaba, including voice ordering on virtual assistant Tmall Genie
Posted inHeavy Hitters
Short seller accuses Iqiyi of revenue fraud
Iqiyi, often called the Netflix of China, is another short seller target following beverage chain Luckin Coffee’s spectacular downfall.
