Song Jingli

China’s traditional heavy industries such as manufacturing and construction are due for a makeover.

And they’re handing cash out to customers left and right.

China’s three tech giants Baidu, Alibaba and Tencent all made “major announcements” on April 1st.

E-commerce brings convenience to millions of shoppers, but a worrisome side-effect is that it contributes to mounting packaging trash.

Alibaba is building its own live-broadcasting e-commerce empire, while simultaneously also being a backer behind Ruhnn, a platform that identifies and cultivates key opinion leaders.

Will the new charges reverse the fortunes of the firm?

This is reportedly the second utility of this nature in ByteDance’s portfolio.

Fresh funds for fresh food.