MegShen
Stories by MegShen
PayPal to foray into China through local acquisition
The US digital money transfer platform will be the first foreign firm to enter China's payment services market.
China’s Beijing Kunlun to relaunch gay dating app Grindr IPO
Beijing Kunlun picked majority stake in Grindr in 2016 for $93 million and fully bought it in 2018.
Alibaba said to take 8% stake in Chinese video platform Bilibili
Bilibili is one of China's leading online video sharing and entertainment platforms and was listed on Nasdaq in March 2018.
China unveils draft regulations for Nasdaq-style startup board in Shanghai
The so-called technology innovation board will mainly host companies in technology and emerging sectors, such as high-tech equipment manufacturing, ne
Hong Kong’s NWS Holdings to buy FTLife Insurance for $2.75b
Hong Kong had a life and health insurance premium to GDP ratio of 17.94% in 2017, the second-highest in Asia after Taiwan.
HNA Technology scraps plan to buy Chinese e-commerce firm Dangdang
This spells the latest blow to HNA Group which lately has done a series of divestments to slash debt at the aviation-to-financial services group.
China to launch nationwide inspections of ride-hailing companies
The inspections, starting from Sept. 5, will cover all ride-hailing service platforms nationwide
China Eastern Airlines to raise up to $2.2b in share sale
China Eastern Airlines Corp will use the proceeds to expand its fleet and to replenish working capital
Tencent, JD.com invest in Leshi’s smart TV unit
Leshi's parent LeEco was once China's Netflix-to-Tesla contender but ran into a cash crunch in late 2016 after expanding too fast.
Leshi chairman Hongbin resigns after just eight months in office
After only eight months as chairman, Sun Hongbin, also chairman of Leshi's second largest shareholder Sunac China Holdings Ltd, has decided to leave.
