China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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682 articles matching the search query.
Tim Hortons marks two years in China with Tencent investment
Tim Hortons, the Canadian coffee and doughnut giant, has raised a new round of funding for its Chinese venture. The investment is led by Sequoia China with participation from Tencent, its digital partner in China, and Eastern Bell Capital. The round comes two years after Tim Hortons made its foray into China’s booming coffee industry. […]
Sequoia-Backed Grocery App Dingdong Maicai Said to Mull U.S. IPO
Chinese grocery app Dingdong Maicai is considering an initial public offering in the U.S. as soon as this year to bankroll its expansion in the competitive fresh food delivery market, according to people familiar with the matter.
E-Commerce Platform Dmall Is Said to Plan U.S. IPO This Year
Beijing DMall E-commerce Co., an online retail service provider backed by Chinese supermarket Wumart Group, is planning an initial public offering in the U.S., according to people familiar with the matter.
Tencent says exec being probed over links to 'personal' corruption allegations
Chinese tech giant Tencent Holdings Ltd said a company executive is being investigated by authorities over allegations of "personal corruption", after a media report said the move was linked to sharing of personal data from its popular WeChat app.
WSJ News Exclusive | TikTok Sale to Oracle, Walmart Is Shelved as Biden Reviews Security
The U.S. plan to force the sale has been shelved indefinitely, people familiar with the situation said, as President Biden undertakes a broad review of his predecessor’s efforts to address potential security risks from Chinese tech companies.
Tencent hit with fresh anti-monolopy complaint, this time from GM China venture
Chinese tech giant Tencent Holdings Ltd has become the target of a fresh anti-monopoly complaint to regulators, this time from a supplier of smart vehicle technology and a General Motors Co China venture.
China plans to hand out $1.5 million in a digital currency test during the Lunar New Year
Beijing city announced it will pick some people to receive about $30 each in the central bank's digital currency to spend selectively on JD.com and offline.
China court accepts ByteDance case filing against Tencent over alleged monopoly
ByteDance is bringing its battle with archrival Tencent to the court at a time when the Chinese government moves to curve the power of the country’s internet behemoths. The Beijing Intellectual Property Court has permitted a ByteDance lawsuit brought against Tencent to proceed, a ByteDance spokesperson confirmed with TechCrunch. Upstart new media company ByteDance alleged […]
Groceries Help Meituan Grow Into One of China’s Biggest Tech Companies
It has quickly become the country’s third-most-valuable internet company, with a market value of more than $300 billion.
ByteDance Sues Arch-Rival Tencent Over Alleged Monopolies
ByteDance Ltd. sued Tencent Holdings Ltd. over alleged monopolies in its WeChat and QQ platforms, escalating a feud between the leading Chinese social media giants.
ByteDance's Douyin sues Tencent for monopolistic behaviour
ByteDance's Chinese short video app Douyin has filed a complaint with a court in Beijing to sue Tencent Holdings for monopolistic behaviour and asked for 90 million yuan ($13.94 million) in compensation, ByteDance said on Tuesday.
China Trucking Startup Eyes $1 Billion U.S. IPO After Profit
Uber-like Chinese startup Full Truck Alliance is preparing for a U.S. initial public offering that could raise at least $1 billion as soon as this year, after eking out a slim 2020 profit thanks to a pandemic-era shipping surge.
World’s second-largest short video platform seeks US$5 billion in Hong Kong IPO
Kuaishou will raise the curtain for other China’s short video-sharing platforms to raise funds via IPO in Hong Kong.
California plaintiffs sue Chinese tech giant Tencent, alleging WeChat app is censoring and surveilling them
The lawsuit claims that the company’s practices violate the plaintiffs’ free-speech and privacy rights and “unjustly enrich Tencent at the expense of California WeChat users.”
China defines monopoly in antitrust curb of online payment services
The proposed rules, which are open to public feedback until February 19, are the most detailed yet of the financial regulators’ plan to curtail market concentration in China’s US$29 trillion e-payment market.
China Plans Online Payment Rules That May Hit Ant, Tencent
China proposed measures to curb market concentration in its online payment market, potentially dealing another blow to financial technology giant Ant Group Co. and its biggest rival Tencent Holdings Ltd.
China's Geely teams up with Tencent on smart car tech
China's Zhejiang Geely Holding Group, which owns Volvo Cars and holds 9.7% of Daimler, said on Tuesday it has signed an agreement with Tencent Holdings Ltd to develop smart vehicle cockpit and autonomous driving.
China's Tencent buys audiobook platform Lazy Audio for $417 million
China's Tencent Music Entertainment Group said on Friday it acquired audiobook platform Lazy Audio, owned by Shenzhen Lanren Online Technology Co, for 2.7 billion yuan ($417 million).
Xiaomi shares fall 10% as U.S. adds smartphone-maker to 'blacklist'
Xiaomi is now subject to a November executive order forcing U.S. investors to to divest holdings of any companies on the blacklist, by Nov. 11 this year.
WeChat ban urged by US gets sceptical review by appeal court
Judge concerned that restrictions are intended to make app disappear completely in the US, leaving no good alternative for millions of Chinese-American users.
