SF Express shutters grocery stores amid slowing e-commerce growth

(Image credit: SF Express) Chinese logistics company SF Express is shrinking its new retail business by closing offline…


Briefing: Profits for Midea-backed robot maker Kuka fall 80% in 2018

美的收购的机器人巨头库卡,去年利润暴跌八成将开始裁员 - Jiemian What happened: Two years after being acquired by Chinese consumer electronics…


Alibaba accuses Meituan CEO of libel for questioning founder's integrity

Wang Xing, Meituan founder and CEO (Image credit: Meituan). Following controversial comments by the CEO of Meituan…


Briefing: Video platform iQiyi aims to raise $1.1 billion in convertible bond sale

China video-streaming firm iQIYI targets raising $1.1 billion in convertible bonds - Reuters What happened: Chinese…


Jack Ma’s Hupan University kicks off new class, includes Horizon Robotics CEO

Hupan University's 2017 new student class  (Image credit: Hupan University). After a rigorous, six-month selection…


Online housing platform Beike gets $800 million in funding from Tencent

(Image credit: Beike) Beijing-based online housing platform Beike announced Monday it has received $800 million in…


Gaming firm The9 partners with Faraday Future to run EV business in China

(Image credit: Faraday Future) After a series of furloughs, pay cuts, and a plant closure, embattled electric vehicle…


Automaker Changan parters with Tencent, Alibaba on RMB 10 billion mobility business

(Image credit: Changan) Chinese automaker Changan has tied up with internet giants Tencent and Alibaba to form a RMB 10…


More than 500 fraudsters arrested over fake Didi transactions

(Image credit: Didi) More than 500 individuals have been arrested for using Didi’s ride-hailing platform for fraudulent…


China tells financial services industry to wipe out online usury

(Image credit: Rong360) Chinese authorities are stepping up efforts to fight online usury, an issue sharply criticized…