China News

China’s economy expected to grow by 7.9 % in 2021 (China Internet Watch)PayPal became the first foreign firm to fully own a Chinese payments firm (TechNode)PDD has expanded its group buying service to Shanghai, becoming the first retailer to bring grocery group-buying services to a large city (KrA...

In 2020 China’s food delivery industry generated a total of RMB 8.4 trillion (USD 1.3 trillion), up 14.8% YoY (KrAsia)Bilibili is ramping up efforts to expand its business into the domestic payments market (pandaily)China local governments have issued notices calling on people to stay home during...

407 million railway trips are expected for Spring Festival 2021 (China Daily)The New York Stock Exchange will delist China Mobile, China Telecom and China Unicom (Bloomberg)Meituan faces anti-monopoly probe for banning Alipay on its apps (pandaily)Tmall, JD and VIPshop were fined for mispricing prod...

Zhihu, often called Chinese Quora, reportedly prepares for a Hong Kong or US IPO (KrASIA)Ant Group has been asked by People’s Bank of China to rectify the company’s lending, insurance and wealth management services (Bloomberg)Top Chinese livestreamer Xin Ba fined US$138,000 for selling fake bird...

Pinduoduo launched its own payment platform, Duoduo Wallet. (China Internet Watch)China's leadership plans to set its real economic growth target at about 8% for 2021 (Asia Nikkei)JD Partners with NVIDIA to build world’s first smart city with smart deliveries (pandaily)Chinese companies raised rec...