Zheping Huang
Stories by Zheping Huang
TikTok owner ByteDance forms JV with state media in blockchain, AI
A unit of ByteDance has 49% of the new firm while Shanghai Dongfang Newspaper Co. owns the rest.
Meituan CEO Xing’s net worth to top $7b as shares surge
Meituan’s stock has more than doubled in 2019 - easily outpacing Alibaba and Tencent.
Meituan revenue beats expectations as it forays beyond core business
Meituan's quarterly revenue beat expectations after it deepened forays into areas beyond its core food and travel business.
China watchdogs crack down on crypto giants Binance, Tron
The official accounts of exchange operator Binance and blockchain platform Tron were suspended by Twitter-like Weibo last week.
TikTok owner ByteDance to ramp up global operations before IPO
The world’s most valuable startup is still only at the very early stages of exploring a share sale abroad.
Alipay, Tencent face their biggest rival yet in Chinese central bank
A central bank-backed digital wallet could severely undermine the payment services that are the beating heart of Ant’s and Tencent’s businesses.
Chinese search engine giant Baidu to divest stake in online travel site Ctrip
Ctrip announced a proposed secondary offering of 31.3 million American depositary shares held by Baidu.
Crypto-exchange firm Binance makes its first Chinese investment
The funding is Binance’s first strategic investment in China, a market it withdrew from in 2017 after Beijing banned digital coin trading.
Baidu sales beat analyst estimates despite challenge from ByteDance
Its revenue rose 1.4 per cent to $3.84 billion for the three months ended June 30.
ByteDance backs Chinese Wikipedia-like platform Baike in search push
Baike, which means encyclopedia in Chinese, is the country’s second largest such reference platform.
