SF Express announced on Wednesday that it has acquired a 51.8% stake in Hong Kong-listed rival Kerry Logistics for HK$17.6 billion ($2.3 billion). Kerry Logistics will remain listed after the deal, adding a third listed entity for SF Group, in addition to Shenzhen-listed SF Holdings and Hong Kong-listed SF Real Estate Investment Trust. SF said in a Wednesday statement that the company will use Kerry Logistics as the primary platform for overseas expansion. [SF Express press release, in Chinese]

TikTok announced on Tuesday a partnership with Square, a US digital payment company. The new product, Square x TikTok, lets merchants send TikTok fans to their online stores built with Square. The partnership is reminiscent of TikTok’s Chinese version Douyin directs short-video fans to buy things on Chinese e-commerce platforms, indicating TikTok owner ByteDance is trying to replicate its domestic success in the global market. [American Banker]

WeChat launched a new “care mode” for elderly and visually impaired users in its latest update. The mode adopts larger fonts, buttons and uses more saturated colors. Tencent is answering Beijing’s call to make apps more accessible for its aging population and helping to close the digital divide. [SCMP]

Li Shufu, the founder and chairman of Chinese automaker Geely, announced plans on Tuesday to enter the country’s smartphone market. Li had formed a new company called Hubei Xingji Shidai Technology, aiming to release its first premium phone model by 2023. Li owns 55% of the new smartphone company, which is headquartered in the central city of Wuhan and partnering with the local government. [Reuters]

Yan Qiang, Kuaishou’s senior vice president who led the short video apps’ early commercialization efforts, will leave the company due to “personal reasons” on October 24, according to an internal letter made public on Tuesday. Wang Jianwei, the firm’s head of product, will assume Yan’s role. The Douyin rival also announced organizational restructures, streamlining operations by merging departments into four major business groups: e-commerce, commercialization, globalization, and gaming. [Jiemian, in Chinese]

Chinese gaming giant NetEase invested $120 million in game publisher Kepler Interactive. Kepler’s CEO didn’t disclose the company’s valuation but said that the deal would make NetEase a minority investor. Headquartered in London and Singapore, Kepler is currently focused on PC and console games and looking to bring in mobile games and animations. [Reuters]

Several Alibaba affiliated apps now support Tencent’s WeChat Pay, a rival of Alibaba’s Alipay. The apps include food delivery service Ele.me, video app Youku, e-commerce site Kaola, entertainment ticketing platform Damai, and online reading app Shuqi. The change came less than a month after Beijing asked companies to stop blocking links to rivals’ services. Other Alibaba apps such as second-hand trading service Idle Fish and grocery app Freshippo are waiting for Tencent’s approval to support WeChat pay. [Sina Tech, in Chinese]

On Monday, Alibaba’s Damo Acadamy said it is developing highly autonomous trucks and expects to deploy them on a large scale after three years. The Chinese e-commerce giant has begun small-scale testing with Cainiao, the company’s logistics unit. Alibaba’s Vice President Wang Gang told Chinese media Caixin that the company may partner with traditional automakers in the future. [Caixin, in Chinese]