Yingzhi Yang
Stories by Yingzhi Yang
ByteDance launches Douyin Pay, its mobile payment service for China
Douyin is the main revenue generator for ByteDance.
China may push tech giants Ant, Tencent, others to share consumer credit data
Move aimed at preventing excess borrowing and fraud.
Chinese regulator weighs tighter curbs on payment, shopping platforms
The regulator first published its rules in 2000 but did not lay out explicit definitions then.
China’s Baidu said to plan smart EV firm, to make cars at Geely plant
Baidu will take a majority stake and absolute voting power in the new company.
ByteDance said to be in talks to buy stake in mobile games firm CMGE
ByteDance plans to buy part or all of the 27.6% CMGE stake held by Fairview Ridge Investment.
China’s Meituan Q3 revenue beats estimates as food delivery rebounds
Food delivery, which accounts for over half of Meituan's total revenue, posted revenue growth of 32.8%.
Alibaba Group CEO says China’s draft anti-monopoly rules are “timely and necessary”
Alibaba's services may also face greater oversight under the rules.
China’s Meituan denies plans for a secondary listing on the mainland
Reports had earlier indicated that Meituan was considering a secondary listing in China as soon as next year.
Ahead of IPO, Ant Group faces an identity conundrum — is it a tech firm or a bank?
Ant says it's a tech company, but financial regulators say the firm is under their purview.
China Evergrande to sell 40.96% stake in Xinjiang Guanghui to Shenergy
Guanghui Energy is a subsidiary of Xinjiang Guanghui.
