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Meituan co-founder lines up $50m to build China's answer to ChatGPT

Wang claims the new venture is already valued at $200m and top-tier VCs intend to invest $230m in its next funding round. ....

Wang Xing , Wang Huiwen , Alibaba Group , Jike App , Hurun Rich List , Kong Listed Meituan ,

Chinese tech giant Tencent's revenue falls for the first time since its IPO - AFR | Online Free Press release news distribution

Chinese tech giant Tencent on Wednesday posted its first drop in quarterly earnings since its IPO as the company grapples with China's economic slowdown, ....

Hong Kong , Willer Chen , Forsyth Barr Asia , Alibaba Group , Barr Asia , Kong Listed Meituan ,

nikkei.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nikkei.com Daily Mail and Mail on Sunday newspapers.

Hong Kong , Wang Xing , Jack Ma , Alibaba Group Holding , Kong Listed Meituan ,

China's crackdown on its biggest companies

China s crackdown on its biggest companies
Issued on:
29/07/2021 - 05:52
Tech titan Tencent is among the many companies swept up in China s crackdown across multiple industries NOEL CELIS AFP/File
5 min
Beijing (AFP)
With market-trembling new rules and investigations, Beijing s crackdown on its most prominent companies has seeped into nearly every aspect of modern life, wiping billions of dollars from Chinese and Hong Kong-listed stocks and bamboozling investment sages.
From after-school tutoring to music streaming apps, and shopping to bike-sharing, stellar firms have been hit as Beijing tightens the leash on corporations, citing national security and antitrust concerns.
Whether motivated by the control reflexes of the Communist Party or to avoid market contortions hurting the pockets and safety of the Chinese public, few expect this to be the end of the crackdown. ....

New York , United States , Hong Kong , Gaotu Techedu , Jack Ma , Hello Inc , Administration For Market Regulation , Hong Kong Listed , Communist Party , Alibaba Owned Ele , Kong Listed Meituan , New Oriental , Didi Chuxing , Wall Street , Ant Financial , State Administration , Market Regulation , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , ஹாங் காங் , பலா மா , வணக்கம் இன்க் , ஹாங் காங் பட்டியலிடப்பட்டுள்ளது , கம்யூனிஸ்ட் கட்சி , அலிபாபா ஓஂட் எலே , புதியது ஓரியெஂடல் ,

With market-trembling rules, China cracks down on big firms

With market-trembling rules, China cracks down on big firms
kuwaittimes.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuwaittimes.net Daily Mail and Mail on Sunday newspapers.

New York , United States , Gaotu Techedu , Jack Ma , Administration For Market Regulation , State Administration , Market Regulation , Hong Kong Listed , Communist Party , Alibaba Owned Ele , Kong Listed Meituan , New Oriental , Didi Chuxing , Wall Street , Ant Financial , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , பலா மா , சந்தை ஒழுங்குமுறை , ஹாங் காங் பட்டியலிடப்பட்டுள்ளது , கம்யூனிஸ்ட் கட்சி , அலிபாபா ஓஂட் எலே , புதியது ஓரியெஂடல் , சுவர் தெரு , எறும்பு நிதி ,