Geely subsidiary Zeekr on Thursday laid out plans to join the country’s most competitive mass-premium EV segment to compete with Nio and Tesla.
Posted inHeavy Hitters
Tencent, Alibaba’s Hema, Didi pledge to comply with anti-monopoly rules
Tencent promised to abide by the provisions of the Anti-Monopoly Law, including refraining from illegal collection and misuse of personal information.
Posted inPosts
Grey market for console gaming imports rebounds after crackdown
Just two weeks after a crackdown on imported gaming consoles in Shenzhen, the grey market has mostly recovered to its semi-legal status quo.
Posted inHeavy Hitters
Alibaba eases Tmall store rules after pledging better merchant support
Following its $2.8 billion penalty for unfair business practices, Alibaba is easing some of its stringent requirements for store openings on Tmall.
Posted inTurf Wars
Japan scrutinizes Tencent stake in Rakuten over national security
Chinese tech companies’ overseas investment activity, including the 3.4% stake Tencent bought from Rakuten, is facing increasing scrutiny.
Posted inWith Chinese Characteristics
What is ‘forced exclusivity’? And why did it get Alibaba fined $2.8 billion?
Alibaba was hit with a $2.8 billion fine for anti-competitive practices including “forced exclusivity.” What is it, and why did the platform use it?
Posted inHeavy Hitters
Alibaba fined, delivery service price dumping: Retailheads
Regulators fine Alibaba $2.8 billion while food delivery app Sherpa’s is also penalized. Baishi Express and J&T Express are punished for price dumping.
Posted inEvents
BEYOND Expo 2021: calling for partners and exhibitors
Calling partners and exhibitors in the tech industries to join us at the BEYOND Expo 2021 in Macao this August!
Posted inOn the Cusp
Listed crypto mining rig makers in trouble, Filecoin scrutinized: Blockheads
Crypto mining rig maker Ebang share prices sank after a short report, while competitor Canaan reported declining fourth quarter revenue.
Posted inHeavy Hitters
Canaan reports loss-making year, expects revenue rebound in 2021
Crypto mining rig maker Canaan says it has signed contracts worth $174 million to deliver its products. It again reported narrowed losses for Q4 2020.