Ding Yi
Stories by Ding Yi
More logistics firms in China sink into red in April amid lockdown
COVID-induced lockdowns pushed up costs for the industry where margins are already paper thin.
China’s Tencent fires gaming, fintech staff amid miserable first quarter
Last week, Tencent reported poor results for the first quarter.
Mysterious firm Lotcap seeks to take controlling stake in Arm China
The company could not be found in China’s official corporate registry database.
China’s Kuaishou looks to give smaller merchants a livestreaming leg up
In 2021, Kuaishou reported $100 billion in GMV from e-commerce transactions on its platform.
China’s new healthcare industry rules loom over online pharmacies
The rules could impact firms like JD.com, Alibaba Group and Ping An Healthcare
Nasdaq-delisted Luckin Coffee denies Hong Kong IPO rumours
In Feb, Luckin paid $180m to settle accounting fraud charges in the US.
Xiaomi’s smartphone chief Chang Cheng resigns
Zeng Xuezhong, president of the smartphone department, will take over the role on an interim basis.
Tencent-backed Chinese car maintenance startup Tuhu files for HK IPO
Tuhu plans to use the IPO money to automate its distribution centers.
Chinese short video player Kuaishou starts mass layoffs as losses double
In the first three quarters of 2021, its adjusted net loss swelled by 100.3% year-on-year to $2.2b.
China to tighten grip on algorithms used by big tech to monitor consumer behaviour
Consumers will have the right to switch off algorithmic recommendations on apps.
