Josh Horwitz
Stories by Josh Horwitz
China’s Meituan posts wider loss in second earnings release since IPO
Its net loss widened to 3.4 billion yuan in the quarter ended Dec. 31 from 2.2 billion yuan in the year-earlier period.
Alibaba invests $693m for stake in Chinese courier STO Express
The deal marks the e-commerce giant's fourth significant investment in a Chinese courier company.
Chinese drone maker EHang said to raise up to $500m in US IPO
EHang joins a host of other Chinese startups seeking to go public in the US, such as Tencent-backed live game-streaming platform Douyu.
China’s JD.com to lay off 10% of senior executives this year
Last week, Chinese ride-hailing giant Didi Chuxing said it would lay off 15 percent of its staff, with cuts coming mostly from non-core business units
Chinese drone maker DJI uncovers corruption, sees $150 million loss
Several Chinese technology companies have recently launched initiatives to stamp out corruption.
Bike-sharing firm Ofo’s dramatic fall a warning to China’s tech investors
Ofo's plight is a warning for China's tech investors, who have plowed tens of billions of dollars into bike sharing, ride hailing and food delivery.
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
GIC-backed Chinese startup Luckin Coffee seeks funding to double valuation to $2b
Luckin is said to be planning to raise $200 million to $300 million in the latest round.
