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Alibaba Group to Pay USD 433.5 Mln to Settle Shareholder Class Action Lawsuit
Alibaba Group, 10/27/24
Chinese e-commerce giant Alibaba Group (NYSE: BABA; 9988.HK) announced today in a filing with the Hong Kong Stock Exchange that it had agreed to pay USD 433.5 mln to settle a U.S. class-action lawsuit filed by investors alleging monopolistic practices. Read More
Alibaba Launches 'AliExpress Choice' Deep Discount Service
Alibaba Group, 2/28/23
AliExpress, a global retail marketplace operated by Chinese internet conglomerate Alibaba Group (NYSE: BABA; 9988.HK), officially announced today the launch of a new service, "AliExpress Choice," which will offer a curation of the best value products the platform has to offer and a new monthly shopping event "Choice Day." Read More
Pinduoduo Subscribes to USD 200 Mln in Gome Convertible Bonds in Strategic Partnership
Pinduoduo, 4/19/20
Chinese e-commerce platform operator Pinduoduo (Nasdaq: PDD) today announced it will subscribe to USD 200 mln in convertible bonds ("CBs") issued by Chinese household appliance and electronics retailer GOME Retail Holdings Limited (0493.HK) as part of a strategic partnership to bring more value-for-money merchandise to Pinduoduo's 585.2 mln users. Read More
JD.com Records GMV of RMB 204 Bln Across 11-day Singles Day Sale
JD.com, 11/12/19
Chinese B2C e-commerce platform JD.com (Nasdaq: JD) recorded total transaction volume of RMB 204.4 bln across the 11-day (November 1-11) Singles Day sales event, up 27.9% YoY, reports the company on its website today. Read More
Feud between Tencent, Today's Headlines Escalates with Fresh Lawsuits
BiaNews, 6/02/18
Chinese internet conglomerate Tencent (0700.HK) recently issued a statement saying that Beijing-based Bytedance Technology, operator of popular news aggregation platform Today's Headlines and short video apps Douyin and Huoshan ("Volcano"), and its indirectly wholly-owned subsidiary Microlive Vision Technology, have been slandering Tencent through a number of channels, causing serious harm to Tencent's reputation. Read More
Metamorphic Quadruped Robot Maker Daran Lands RMB 5 Mln Angel Funding
PE Daily, 4/27/18
Tianjin-based robot maker Daran Technology recently announced that it has won RMB 5 mln in angel funding led by Daocin Capital with participation from Beijing-based robot developer Zhinengjia Technology. Read More
Digital Signature Platform BestSign Raises RMB 100 Mln Series B Funding
iHeima, 3/05/18
Hangzhou-based Shangshang Qian Network Technology, operator of online and mobile contract-signing platform BestSign, recently announced completion of RMB 100 mln in Series B funding led by Morningside Ventures, with participation from existing shareholders Matrix Partners China, DCM Ventures, Shunwei Venture Capital, and software developer and online entertainment provider Kingsoft (3888.HK). Read More
Beijing Court Uses VR System to Recreate Circumstances of Alleged Crime
Beijing Youth Daily, 3/02/18
The Beijing First Intermediate People's Court recently used a new in-court evidence visualization system during presentation of evidence at a murder trial. Read More
Today's Headlines Sues Baidu Search for Unfair Competition
Sina Tech, 1/30/18
Beijing-based Bytedance Technology, operator of online and mobile news portal Today's Headlines, issued a statement today announcing the filing of a lawsuit for unfair competition against Chinese internet conglomerate Baidu (Nasdaq: BIDU). Read More
Chinese Environmental NGO Sues Top Three Food Ordering Platforms
Beijing Business Today, 9/05/17
The Green Volunteer League of Chongqing, an environmental NGO, recently field three environmental pollution public interest lawsuits in Beijing's Fourth Intermediate People's Court against three food ordering and delivery platforms, including Xiaodu Information Technology, operator of Chinese internet company Baidu's (Nasdaq: BIDU) food delivery app Baidu Takeout Delivery, Rajax Information Technology, operator of online restaurant takeout delivery platform Ele.me, and Sankuai Technology, operator of takeout delivery platform Meituan Waimai. Read More
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