The new entity will expand into used book and home appliance sales.
NFT market is also bustling with new projects in China. That may come as a surprise for people familiar with China’s strict crypto policy.
Meituan faces a profit squeeze as Chinese regulators order platforms to cut fees to help small businesses.
Snowplus is funded by major tech VCs and has launched caffeine and smokeless e-cigarettes.
Recent floods have washed away remote Sichuan bitcoin mines, but small wildcat miners were already getting washed away by Big Bitcoin.
Re-commerce, or secondhand shopping, is growing fast in China. But users are finding scams and counterfeits mixed in with the bargains.
Oyo’s spectacular retreat in China may have some lasting effects on SoftBank. Or it may be just another Tuesday in venture capital land.
Chinese second-hand car trading platform Uxin, more commonly known as Youxin in Chinese, is planning for an $800 million IPO in the US market, IFR has reported citing people familiar with the matter. The source added that the firm has already hired Goldman Sachs, JPMorgan Chase, and Morgan Stanley as the underwriters. Founded in 2011 […]
The real situation in the country’s smartphone market, not the trade war, underlies Apple’s China woes.
China’s shopping extravaganza Singles’ Day finished two weeks ago, but the aftermath of the 24-hour madness is going to span a whole year. Idle Fish, more commonly known by its Chinese name Xianyu (闲鱼), is helping China’s online consumers to cash in their second-hand or idle items online, not only for alieving financial pressure but also for […]