NewsKEY STAT | Tencent buys additional 10% stake in Universal Music GroupTencent Music Entertainment participated in the deal. 1 min read
Domestically, the gaming industry reported a 20.7% jump in total income for the year. NewsKEY STAT | Chinese games revenue overseas has broken through RMB 100 billion for the first time1 min read
Chinese tech firms JD.com, Meituan, and Didi have also been trying to persuade their users to ditch WeChat Pay and Alipay. NewsPinduoduo unveils payment service Duoduo Pay for its 731 million users2 mins read
“The internet industry is not a place outside the anti-monopoly law,” said the State Administration for Market Regulation. NewsKEY STAT | Alibaba, China Literature, and Hive Box fined by market regulator for violating anti-trust laws2 mins read
An “offline wallet” function will enable mobile payments without the need to be connected to the internet. NewsChina’s digital yuan is tested for online shopping, as JD.com joins trial in Suzhou3 mins read
Regulators reportedly reached out to the leasing firms Ziroom and 5i5j, as well as China Construction Bank to explore if they can take over Danke’s business. NewsTrouble grows for Danke as WeBank delays payments for evicted tenants2 mins read
The Hangzhou-based internet giant also owns a minority stake in the Netease Cloud Music service. NewsAlibaba’s music streaming app Xiami is said to be shutdown2 mins read
VSPN’s lofty ambitions are riding on the popularity of e-sports among young people worldwide. InsightsThis Tencent-backed firm wants to dominate global e-sports events: Inside China’s Startups4 mins read
ClassIn has been used by 60,000 schools and institutional clients from 35 countries and regions around the world. NewsEEO Education bags USD 265 million amid online education boom2 mins read
NewsDeals in brief: GIC backs legal AI firm Harvey, Amity and Startale raise funding, China logs 14 investments, and more
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