China News

China is awarding up to $300,000 USD to startups/SMEs that aim to expand to Beijing

USD $15 million to be given out to 140 startups at the upcoming Global Entrepreneurship Competition 2022

Alfred LeeApr 22, 2022

Shell Estimates That Electricity Will Cccount for 60% of China's Energy Consumption by 2060

China's energy generation is expected to rise three-fold in 2060

Muskan KatariaJan 18, 2022

China’s Evergrande trade comes to a screeching halt

The Chinese property development group suspended the trading of shares as of January 3rd.

Vrisha PhrabhakaranJan 03, 2022

Ant Group Closes Mutual Aid Platform Xianghubao; China Continues Clamping Down

This is following similar moves by other Chinese tech giants such as Baidu, Meituan and Waterdrop

Teckwai SawDec 31, 2021

China's Clamping Down Affects Didi's Revenue; Reports US$4.7 Billion Loss

Didi's revenue for July to September dropped 1.7% due to its core mobility business being restricted

Teckwai SawDec 31, 2021

Pinduoduo, China's 3rd largest e-commerce giant, made $250 million in profit for Q3

A large part of Pinduoduo's growth was attributed to online marketing

Kenneth HoNov 29, 2021

Yahoo is leaving China's market; cites 'challenging business conditions'

Many speculate that Microsoft's Bing could be next.

Carl AdrianNov 03, 2021

China's largest food delivery company fined $533 million for 'monopolistic behavior'

China's crackdown on big technology companies continues

Alfred LeeOct 11, 2021

Ninja Van logistics now worth more than $1 billion after raising another $578 million to scale

One of Ninja Van's latest investors include China's Alibaba Group.

Kenneth HoSep 27, 2021

Sogou, China's second largest search engine, has merged with Tencent; no longer publicly listed

Tencent acquired Sogou for $3.5 billion

Carl AdrianSep 27, 2021

China is banning ALL cryptocurrency activity; considers them 'illegal'

Bitcoin's value fell by 6% at the wake of China's announcement, falling to $41,800.

Alfred LeeSep 24, 2021

China is launching a new Stock Exchange for 'Innovative SMEs'

China also aims to attract more foreign investments into local companies that go public.

Carl AdrianSep 06, 2021

J&T Express reportedly raising $1 billion from China's Tencent at a $20 billion valuation

J&T Express has grown significantly due to the rise of e-commerce.

Alfred LeeSep 01, 2021

One of the biggest startup competitions by Alibaba is back; funding and China market support for winners

Applications close on 5th September 2021

Carl AdrianAug 30, 2021

Alibaba-backed mapping app AutoNavi to incorporate other mobility services

AutoNavi is China's most popular navigation app.

Faith BaltazarJul 22, 2021

China continues aggressive clampdown on cryptocurrency mining and trading

China has shut down a slew of crypto mining centres and denied funding for businesses involved in crypto trading.

Carl AdrianJun 24, 2021

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