Adam Jourdan
Stories by Adam Jourdan
China’s Didi plans Chile, Peru launches to take on US rival Uber
The two firms are already battling in Brazil, where Didi bought local start-up 99 in January last year, and Mexico.
China approves second batch of video games, Tencent still not in list
This is the second such list in a fortnight after the body gave its nod to 80 video games in late December.
China’s HNA Group touts assets for sale as funding crunch intensifies
The range of assets spans a hotel project in frozen Harbin and stakes in struggling online lender Dianrong, insurer Bohai Life and brokerage HNA Fut
Fresh after raising $200m, GIC-backed Luckin Coffee aims to overtake Starbucks in China
Luckin, backed by GIC and CICC, gained a valuation of $2.2 billion after raising $200 million in a funding round last month.
Tesla sets up financial leasing unit in Shanghai in accelerated China push
Tesla has opened a tender process to build its Shanghai Gigafactory and at least one contractor has started buying materials.
Chinese bike-sharing firm Ofo faces ‘immense’ cash crunch, CEO says
Ofo, which started in university campuses in Beijing and expanded to countries around the world, has become something of a cautionary tale about the r
Starbucks challenger Luckin Coffee raises $200m in latest funding round
The fundraising was led by investors including Singapore sovereign wealth fund GIC Pte Ltd and China International Capital Corp Ltd.
China sets up online games review panel, raises hopes of resuming approvals
China, the world’s biggest gaming market, stopped approving new titles from March amid a regulatory overhaul triggered by growing criticism of video
Tencent-backed Meituan reports wider loss in first earnings since IPO
Meituan Dianping, which has a market valuation of around $42 billion, has seen its shares drop 13% since listing amid cooler economic growth and a bit
BMW to launch ride-hailing services in China from December
BMW Mobility Service Ltd, a fully-owned subsidiary of the BMW Group, has obtained its ride-hailing licence in Chengdu.
