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INSIGHTS | No going back for US-China tech under Biden?

Biden’s top advisors have said that they agree with the direction of Trump’s China tech policy, but will carefully review tactics. What will it mean for China tech?

Posted on February 1, 2021 Author Eliza Gkritsi and Wei Sheng Comments Off on INSIGHTS | No going back for US-China tech under Biden?
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VC Roundup: Chinese tech firms are betting on chips

Chinese tech giants typically focus on the consumer market. But their appetite for early stage investments in semiconductors is growing.

Posted on January 28, 2021 Author Wei Sheng Comments Off on VC Roundup: Chinese tech firms are betting on chips
Alibaba E-commerce and New Retail Features Heavy Hitters Meituan Pinduoduo Tencent WeChat

Friendly neighbors are the key to China’s community group-buying craze

community group-buying

For many, finding a good deal is the main reason to join a community group-buying platform. Socializing with neighbors is a reason to stay.

Posted on January 27, 2021 Author Emma Lee and Shi Jiayi Comments Off on Friendly neighbors are the key to China’s community group-buying craze
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ByteDance joins Spring Festival ad war, edtech funding: Retailheads

alipay bytedance wechat pay mobile payment

ByteDance joins the annual Spring Festival marketing blowout. Alipay prepares for the 2021 red envelope war. Edtech attracts more investment.

Posted on January 27, 2021 Author Emma Lee Comments Off on ByteDance joins Spring Festival ad war, edtech funding: Retailheads
Didi Funding Mobility New Energy Vehicles News Tencent Up and Comers

Shares of Evergrande EV unit surge 50% after raising $3.4 billion

evergrande EV electric vehicles cars new energy NEV EV

China Evergrande New Energy Vehicle Group closed the sale of 952 million shares to six investors for a total of $3.35 billion)

Posted on January 25, 2021 Author Jill Shen Comments Off on Shares of Evergrande EV unit surge 50% after raising $3.4 billion
covid-19 edtech Funding News On the Cusp Tencent

Edtech firm Huohua Siwei valued at $1.5 billion

Huohua Siwei

K-12 online math and science education platform Huohua Siwei received $150 million in a third batch of its Series E, which totals $400 million.

Posted on January 25, 2021 Author Emma Lee Comments Off on Edtech firm Huohua Siwei valued at $1.5 billion
Alibaba Ant Group Fintech government Heavy Hitters News Tencent WeChat

New digital payment rules likely to hit Ant Group, Tencent

Ant Group fintech digital payment antitrust

The new antitrust rules for China’s digital payment market could trigger a regulatory review of Ant Group and Tencent based on market share.

Posted on January 21, 2021 Author Eliza Gkritsi Comments Off on New digital payment rules likely to hit Ant Group, Tencent
Alipay Ant Group ByteDance Content and entertainment Fintech News Tencent Turf Wars WeChat Pay

Bytedance unveils Douyin mobile payment tool to rival Alipay, WeChat

bytedance Douyin tiktok

Douyin Pay was recently added to the app, allowing users to buy virtual gifts for livestreamers and pay for goods on the app’s e-commerce platform.

Posted on January 20, 2021 Author Wei Sheng Comments Off on Bytedance unveils Douyin mobile payment tool to rival Alipay, WeChat
Alibaba E-commerce and New Retail Heavy Hitters News Pinduoduo Retailheads Tencent WeChat

Pinduoduo blasted for user privacy breach, Luckin franchises: Retailheads

pinduoduo e-commerce alibaba tech war iphone

Pinduoduo is under fire again for deleting pictures from a user’s photo album without consent. Luckin opens up to franchises in lower-tier cities.

Posted on January 20, 2021 Author Emma Lee Comments Off on Pinduoduo blasted for user privacy breach, Luckin franchises: Retailheads
Alibaba covid-19 E-commerce and New Retail Heavy Hitters News Pinduoduo Tencent WeChat

WeChat doubled mini program GMV in 2020

wechat e-commerce tencent shopping mini program

The Covid-19 pandemic accelerated consumer adoption of e-commerce on WeChat and powered growth, as confined shoppers spent more time browsing on the app.

Posted on January 19, 2021 Author Emma Lee Comments Off on WeChat doubled mini program GMV in 2020

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