Yuan Ruiyang
Stories by Yuan Ruiyang
China’s community group-buying craze fizzles out amid competition, scrutiny
“The entire market was burning at least 10 billion yuan ($1.57 billion) every month at its peak."
Tencent, Alibaba & ByteDance record big jump in investments in 2021 as crackdown hits growth
Tencent invested in 258 companies last year, while Alibaba backed 70 firms.
Alibaba arm to invest $38m in loss-making Chinese tour operator UTour Group
Following the deal, Alibaba will double its stake in UTour to 11%.
How new data security rules will reshape China’s Internet industry?
The rules could create new headwinds for data-rich businesses.
How China’s regulatory campaign is targeting big tech’s ‘Walled Gardens’ strategy
Big tech players protect their own digital ecosystems, preventing users from spending cash elsewhere.
Plight of China’s gig workers poses policymaking dilemma as state seeks to find middle ground
China’s regulators have urged its on-demand sector to put greater emphasis on gig workers’ rights.
Chinese firms looking to tap the US markets stare at a rocky path
Several data-rich Chinese firms suspended their overseas share sale plans after the Didi fallout.
How SoftBank’s six-year, $11b bet on Chinese ride-hailer Didi turned sour
As of Friday’s close, SoftBank's stake was worth just around $11.2 billion, making the bet barely profitable.
‘Blood and sweat’ doesn’t pay off for China’s pool of delivery workers
Many delivery workers lack the same labor protections as employees in more formal lines of work.
The brutal human cost of Chinese e-commerce upstart Pinduoduo’s breakneck expansion
Young professionals in China have seen working for a promising unicorn as an aspirational sign of success.
