Tech Industry
Tencent-backed MissFresh said to have secretly filed for US IPO
The company currently provides grocery delivery services in 16 first- and second-tier cities in China, with delivery in as little as 30 minutes.
CITIC Securities: China opens new chapter of anti-monopoly regulation, other Internet giants expected to rectify themselves
Alibaba is the first but not the last, and the huge fine greatly enhances the regulation and contributes to long-term economic order fairness and efficient development of innovation, the team said.
Alibaba CEO says anti-monopoly penalties won't have major impact on company
Alibaba is not aware of any other anti-monopoly investigations, he said.
Alibaba fined $2.8 billion in anti-monopoly probe
Chinese market regulator has fined e-commerce giant Alibaba Group 18.2 billion yuan ($2.8 billion), or 4 percent of its 2019 China sales of 455.7 billion yuan, after an investigation into the company.
Hello Inc enters high-end electric scooter industry to challenge Niu Technologies
Hello has launched three electric scooters, the Hello A80, Hello B80, and Hello B86, and one version of the Hello A80 is currently available for pre-order at a price of RMB 4,499 ($687).
Niu Technologies says sales could reach 1.1 million units this year
In the fourth quarter of last year, Niu Technologies sold 150,465 units, up 42 percent from a year earlier, according to its earnings report.
Tencent ADR falls nearly 10% pre-market after its largest shareholder announces plan to reduce stake
The ADR of US-traded Tencent Holdings fell nearly 10 percent pre-market after its largest shareholder Prosus announced plans to sell HK$114.1 billion worth of its holdings.
LIZHI launches live stream podcasts feature, XPeng first carmaker to adopt it
LIZHI rose 4.7% on Wednesday and is up 26% since March 30. The company's shares halved in the second half of March during a broad selloff of technology stocks.
Chinese cryptocurrency firm Ebang surges pre-market after denying short-selling allegations
On April 6, short-seller Hindenburg Research published a report claiming that Ebang transferred funds illegally through insider trading.
Niu Technologies launches two electric kick scooters starting at $599
They will be available for pre-order in June 2021, with deliveries in Europe and the US scheduled for July and global retail in August.