Yingzhi Yang
Stories by Yingzhi Yang
Bytedance-owned app TikTok to exit Hong Kong market within days
The decision to exit HK follows China’s new national security law for the semi-autonomous city.
ByteDance’s first quarter revenue said to have soared to around $5.6b
The bulk of the company's revenue is from advertising on its apps in China.
Chinese online tutor Zuoyebang seeks up to $800m at $6.5b valuation
Zuoyebang was founded by Chinese search engine giant Baidu in 2014 and spun off in 2015.
China’s Didi hires van drivers as it seeks to diversify into logistics services
SoftBank-backed Didi launched delivery services in 21 Chinese cities in March during the lockdown.
China’s Meituan reports Q1 loss, warns virus impact to continue
Meituan warned it would be affected by the pandemic for the rest of the year.
Sequoia-backed online grocer Dingdong Maicai said to raise $300m
The latest funding round is understood to value the startup at $2 billion.
