Industry

Ant Group, controlled by Alibaba founder Jack Ma, filed a listing prospectus with China's Nasdaq-style sci-tech innovation board, also known as the STAR market, and concurrently filed an A1 Application Proof with the Hong Kong Stock Exchange, a key step towards its A+H dual listing.

Luckin Coffee, which is embroiled in the financial fraud controversy, announced on Weibo on August 24 that it has opened a flagship store on China's emerging e-commerce platform Pinduoduo to sell coffee, coffee cups and other products.

Sun Guofeng, director of the Monetary Policy Department of the People's Bank of China, the central bank, said on August 25 that digital RMB is still in the internal closed pilot testing phase and has not yet been officially launched, with no specific timetable.

A patient recovered from novel coronavirus pneumonia has tested positive again after returning to Hong Kong from Europe. A team from the Department of Microbiology at the University of Hong Kong confirmed that the patient was infected with the novel coronavirus for the second time, the first such case in the world.

TikTok has launched a lawsuit against the US government, challenging an injunction the latter will impose next month. In documents filed with the court, the company revealed details of its monthly active users in the US and globally for the first time.

Short-video sharing platform TikTok filed a complaint in US federal court on Monday challenging the Trump administration's efforts to ban it in the US.

If China's central bank's digital RMB offering is successful, it will likely have an impact on the current Chinese mobile payment landscape. So, will Alipay and WeChat Pay be eliminated?

Taichi, a programming language designed for high-performance computer graphics, has released version 0.6.29, bringing a number of feature optimizations.

In May 2019, five Baidu executives left the company, four of whom are members of the management team of Baidu Search. According to Tencent News, two of those four executives have joined ByteDance, namely Wu Haifeng and Sun Wenyu.

The recent launch of NIO's BaaS (Battery as a Service) battery rental service in China has raised a lot of eyebrows. In an article published on Monday, Tesla China made a veiled dig at the model as being inferior to its unibody model.