WeBank has been repaid $201 million through a plan announced in December to transfer debt from tenants to the Danke rental platform.
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Kuaishou asks staff to work extra days ahead of Hong Kong IPO
Kuaishou is under tremendous pressure ahead of an IPO as it struggles to compete with rivals such as Douyin and Bilibili in the online entertainment sector.
Kuaishou asks staff to work extra days ahead of Hong Kong IPO
Kuaishou is under tremendous pressure ahead of an IPO as it struggles to compete with rivals such as Douyin and Bilibili in the online entertainment sector.
Alibaba empire under pressure, VCs flood edtech: Retailheads
China launches an anti-trust probe into Alibaba and summon executives from Ant Group, Luckin continued to grow in 2020, investment into edtech surged.
BSN eyes CBDCs, Bitmain drama ends: Blockheads
The BSN is looking to tap into central bank digital currencies with two new projects, ZhongAn announces the first insurance policy to accept digital yuan.
EXCLUSIVE: BSN architect firm eyes CBDC with two new projects
Red Date Tech expects to launch a CBDC and stablecoin payment layer on the BSN in H1 2021, and is in talks to develop a public chain for such currencies.
Self-driving startup WeRide raised $200 million in Series B1
WeRide, the first testing fully driverless cars on Chinese open roads, is also promising a fully hands-free minibus.
China launches anti-monopoly investigation into Alibaba
As sister company Ant Group faces challenges from finance regulators, Alibaba is confirmed to face an anti-monopoly investigation.
Ant Group to meet regulators ‘in the coming days’
Ant Group will face financial regulators “in the coming days.” The fintech giant had its IPO suspended in November.