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Alibaba Starbucks coffee partnership
Posted inHeavy Hitters

Chinese users can now order Starbucks coffee on Taobao

by Emma Lee Jul 21, 2020Jul 21, 2020

The new service expands on previous partnerships between Starbucks and Alibaba, including voice ordering on virtual assistant Tmall Genie

iqiyi fraud user number luckin short seller muddy waters
Posted inHeavy Hitters

Short seller accuses Iqiyi of revenue fraud

by Wei Sheng Apr 8, 2020Apr 16, 2020

Iqiyi, often called the Netflix of China, is another short seller target following beverage chain Luckin Coffee’s spectacular downfall.

Lufax stock market
Posted inHeavy Hitters

Fintech giant Lufax eyes $2.36 billion IPO in New York

by Eliza Gkritsi Oct 23, 2020Oct 23, 2020

The lending and wealth management unicorn Lufax is looking to tap into US capital markets, as regulators are increasing scrutiny of Chinese tech listings.

community group-buy group-buying
Posted inWith Chinese Characteristics

Community group-buy firms fined, women boost consumption: Retailheads

by Emma Lee Mar 10, 2021Jun 28, 2021

China fined five community group-buy platforms for price dumping, the “she economy” is on the rise as modern Chinese women power growth.

Posted inHeavy Hitters

Starbucks aligns further with Alibaba in Tmall Genie voice ordering feature

by Emma Lee Sep 18, 2019Mar 17, 2020

A closer partnership with Alibaba may help Starbucks in its competition with Luckin.

trip.com ctrip qunar skyscanner covid-19
Posted inHeavy Hitters

Trip.com IPO, $10 billion for Meituan’s community group buy: Retailheads

by Louis Hinnant and Julia Lu Apr 21, 2021May 31, 2021

Trip.com debuts in Hong Kong for a secondary listing, Meituan is selling $10 billion in convertible debt to support its community group buy unit.

Digital yuan app CBDC, DCEP
Posted inHeavy Hitters

UPDATED: We got some digital yuan!

by Eliza Gkritsi and Shi Jiayi Dec 11, 2020Jan 19, 2021

Suzhou lottery winners can spend their RMB 200 of the digital yuan at JD.com, Didi, Meituan, or Bilibili—or pay their Party dues.

Posted inHeavy Hitters

Alibaba merges its two food delivery platforms Ele.me and Koubei

by Masha Borak Oct 12, 2018Jun 7, 2020

Alibaba Local Services Company is embracing “new retail” to fend off competitors such as Tencent-backed Meituan.

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