Ding Yi
Stories by Ding Yi
Alibaba arm to invest $38m in loss-making Chinese tour operator UTour Group
Following the deal, Alibaba will double its stake in UTour to 11%.
Amid platform crackdown, China’s ByteDance looks to the cloud
The tech unicorn seeks to expand its revenue streams beyond mainstay consumer-facing apps.
Beijing gets approval to open VPN services to foreign investors
Foreign telecom firms can now establish joint ventures, with their ownership capped at 50%.
ByteDance to foray into China’s rental housing market despite tough regulations
ByteDance has been working to diversify its revenue streams.
German firm Lilium’s Nasdaq listing offers peak into Tencent’s flying car dreams
Tencent participated in the $450m PIPE deal, which was part of Lilium's SPAC merger.
Chinese medical services provider LinkDoc looks to raise $210m in Nasdaq IPO
LinkDoc said it intends to use the proceeds to strengthen its R&D.
Chinese electric vehicle maker BYD looks to raise $3.9b through sale of new shares
The market sentiment for new energy vehicles is currently bullish.
US-listed luxury retailer Secoo’s chairman offers to take the company private
Move prompted by US scrutiny of Chinese firms.
China home to six of the world’s top 10 unicorns, says Hurun report
Ant Group ranks as the world’s largest unicorn with a valuation of $150 billion.
