BYD will have to take on big auto names including Volkswagen and Tesla, while competing with fellow Chinese EV makers including Nio and Xpeng Motors.
Antitrust comes for Meituan
As Meituan dominates food delivery, many of the restaurants whose food it delivers are struggling to get by. Regulators are asking why.
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.
ByteDance’s Zhang Yiming to step down as CEO
Zhang will move to focus on long-term strategy and social responsibility of ByteDance. Co-founder Liang Rubo will take his place.
Huawei puts consumer CEO in charge of autos in management reshuffle
A management reshuffle signals commitment as Huawei tries to break into the fast-growing autonomous and electric vehicle sector.
Nervos, China Merchants Bank launch $50 million blockchain VC
The fund will invest in dapps, DeFi, and NFTs, as long as the blockchain startups aim to integrate with the Nervos ecosystem.
TikTok moves off Alibaba Cloud: report
ByteDance is moving away from Alibaba Cloud for overseas markets as it faces mounting pressure about data security in international markets.
Losercoin, and a new crypto mining crackdown? Blockheads
Crypto mining in Sichuan could face increased scrutiny from authorities as they look towards carbon neutrality; Losercoin’s short-lived wins.
Ele.me fined $77,000 over prices and unlicensed restaurants
Shanghai’s market watchdog has imposed an RMB 500,000 fine on food delivery app Ele.me for misleading consumers on prices and food safety.
INSIGHTS | What China’s census tells us about the future of tech
China’s latest census figures show that population growth is trailing off. Tech companies will need new sources of growth.
