Tony Munroe
Stories by Tony Munroe
Shares of Tencent-backed insurtech firm Waterdrop slumps in NYSE debut
The listing was seen as a test of investor appetite for Chinese fintech amid a regulatory crackdown.
Tesla beefs up “government relations” team in China after facing scrutiny over safety
Tesla executives attended discussions on topics from auto data storage to car recycling.
China launches antitrust probe into food delivery giant Meituan
Tencent-backed Meituan raised $10 billion in a stock and convertible bonds sale this month.
China’s ByteDance says it has no immediate plans for public listing
ByteDance has also been exploring possibilities to list Douyin.
China’s EV firm Jidu Auto to invest $7.7b in ‘robot’ smart cars
Jidu Auto is an EV venture between tech giant Baidu and automaker Geely.
China’s Geely taps premium electric car market with ‘startup’ brand Zeekr
Zeekr will use a direct-sales model to manage pricing and inventory.
ByteDance’s gaming unit Nuverse buys C4games
Nuverse agreed to acquire Shanghai-based gaming studio Moonton Technology in March.
China’s Ant to restructure as financial holding firm under enforced revamp
The move along with other restrictions is expected to curb its profitability and valuation.
Record $2.75b antitrust fine for Alibaba marks tumultuous stretch for founder Jack Ma
Ant Financial remains subject to an enforced restructuring.
China’s Geely to set up new aerospace firm
From around 2025, Geely’s cars will have more functions to connect to the satellites.
