On the heels of a crackdown on ride-hailing companies in China, Beijing’s local government has suggested investing in Didi Global Inc. to wrestle control away from the company, according to a Friday (Sept. 3) Bloomberg report. As part of the exploration, Shouqi Group, which is...
In today’s top news, Beijing is holding a $6.2 million lottery to pilot its digital yuan, and Mitek has acquired ID R&D to expand its identity fraud-fighting platform. Plus, Instacart is looking to open automated fulfillment centers to reduce costs and form stronger partnerships with...
Airbnb is halting check-ins at all of its Beijing listings until March due to the Coronavirus outbreak and local policies in China, according to reports on Monday (Feb. 10). The decision applies only to Beijing, a spokesperson for Airbnb China told Reuters. The spokesperson added that the...
Although U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are going to Beijing for trade talks later on this week, there are still a few obstacles in the way of a trade deal. Most notably, the fact that China has so far refused...
June 14, 2023
ByteDance, the parent company of popular social media app TikTok, is on a mission to become China’s next “everything app” to rival the success of WeChat by Tencent. With most of its $80 billion annual revenue coming from social media ad revenue, ByteDance has been testing its Douyin app, which features streaming videos and messaging. The company is also […]
September 03, 2021
On the heels of a crackdown on ride-hailing companies in China, Beijing’s local government has suggested investing in Didi Global Inc. to wrestle control away from the company, according to...
February 10, 2020
Airbnb is halting check-ins at all of its Beijing listings until March due to the Coronavirus outbreak and local policies in China, according to reports on Monday (Feb. 10). The decision...
March 25, 2019
Although U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are going to Beijing for trade talks later on this week, there are still a few obstacles in the...
