How Tencent Learned to Sell Cotton
A veteran supply chain manager writes about how partnership with Tencent benefitted hundreds of cotton dealers along the Yangtze River economic belt.
Leyin Innovation, A Premium Coffee Supply Chain Company, Raises Nearly RMB 50 Million In Series A Financing
Leyin Innovation Technology (Qingdao) Co., Ltd announced the completion of a Series A financing round of nearly RMB 50 million.
China’s EV maker NIO gets conditional green light for a secondary listing on SGX
The Singapore Exchange (SGX) has issued NIO a conditional eligibility-to-list (ETL) letter for its proposed secondary listing in Singapore.
Logistics start-up GOGOX submitted a listing application to HKEX
The intra-city logistics platform GOGOX (known as Kuaigou Dache in China’s Mainland) submitted an application on 24 April for a public listing on HKEX.
Ant Group takes majority stake in 2C2P to drive digital payments adoption
China’s Ant Group has entered a strategic partnership with the global payment platform 2C2P to accelerate digital payment adoption and innovation.
Several Chinese companies facing delisting on the US stock exchange
SEC added Baidu, Futu Holdings, iQiyi, CASI(Beijing)Pharmaceuticals Technology Co., Ltd. and Nocera Inc. to a provisional list of companies that may be delisted from U.S. stock exchanges.
Lalamove is seeking new funding at a valuation of $10 billion
Lalamove will seek new financing at a $10 billion valuation and intends to raise around $500 million in fresh capital ahead of its IPO.
WeChat payment is trialled on the Taobao App
Taobao has opened a small range of WeChat Pay functions for internal testing and has introduced two WeChat Pay payment methods to the payment options.
Despite a decline in net profit in 2021, Tencent’s R&D spending hits a record high
On March 23, Tencent released its fourth-quarter and full-year performance report for 2021 reaching record high R&D investment levels.
Two sponsors were slapped with hefty fines in the aftermath of LeEco’s fraud
According to an investigation by the China Securities Regulatory Commission (CSRC), LeEco’s financial fraud began as early as 2007.
SenseTime establishes a digital technology company worth 3.5 billion RMB
On March 8, Shanghai SenseTime Digital Technology Co., Ltd. was established with a registered capital of 3.5 billion RMB.
Chinese mobile games rake in over $2 billion
Chinese publishers Tencent, NetEase, and miHoYo continue to hold three of the top five seats on the global mobile game publisher revenue list in February 2022.