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Alibaba launched a mini app for its community group buy platform on rival Tencent’s instant messaging platform WeChat on Friday, according to Chinese media reports, as China’s technology giants lower the walls of their respective ecosystems under pressure from regulators. Why it matters:...

Alibaba launched a mini app for its community group buy platform on rival Tencent’s instant messaging platform WeChat on Friday, according to Chinese media reports, as China’s technology giants lower the walls of their respective ecosystems under pressure from regulators. Why it matters:...

Geely announced Thursday that it will sell electric vehicles from its new premium brand Zeekr directly to customers, a business endeavor for which it plans to open retail shops and build an online community. Why it matters: The move is part of a broader plan by China’s largest private...

Geely announced Thursday that it will sell electric vehicles from its new premium brand Zeeker directly to customers, a business endeavor for which it plans to open retail shops and build an online community. Why it matters: The move is part of a broader plan by China’s largest private...

Two weeks after a crackdown on imported console gaming products, it’s still easy to buy them in China. Games remain widely available in offline stores and online, and prices have returned to normal after a brief spike. The tight supply led to an increase in prices across other online stores,...

Two weeks after a crackdown on imported console gaming products, it’s still easy to buy them in China. Games remain widely available in offline stores and online, and prices have returned to normal after a brief spike. The tight supply led to an increase in prices across other online stores,...

Regulators fined Alibaba a record-breaking penalty while Shanghai-based English-language food delivery service Sherpa’s is penalized for dominating a niche market. Authorities punished package delivery service firms Baishi Express and J&T Express for price dumping. Trip.com filed for a...

In recent years, the Asia-Pacific region has seen rapid developments in R&D, science and technological applications, producing innovations with huge market potential. Not only do these attract global companies to expand into the region, but they have also encouraged Chinese mainland companies to...

Cryptocurrency mining rig maker Canaan Creative reported losses and falling revenues for the fourth quarter of 2020, consistent with its full-year results, but said that it expects better financial performance in the first quarter of this year. Why it matters: Along with Ebang, Canaan is one...

Chinese electric scooter maker Niu Technologies said it is on track to open 10,000 stores nationwide over the next five years, as replacement demand stays robust following the implementation of tougher national standards for two-wheelers. Why it matters: Nasdaq-listed Niu aims to sell 6 million...