Cate Cadell

China’s Mobike to shut operations in some Asian countries, evaluate other markets

The Beijing-based firm has launched its signature orange bikes in markets including Australia, Europe and the United States.


Baidu beats estimates on the back of strong online marketing growth

Total revenue rose about 15 percent to 27.2 billion yuan, beating estimates of an 11.4 percent rise.


Alibaba said to be behind hit Chinese communist party app

The app was developed by a largely unknown special projects team at Alibaba known as the “Y Projects Business Unit.”


Didi Chuxing, Beijing Electric form JV for new energy vehicle, AI projects

The JV, BAIC-Xiaoju New Energy Auto Technology Co. Ltd, aims to develop “next-generation connected-car systems.


China’s Didi launches credit, wealth management services in diversification push

The new offerings bring Didi into competition with investor Alibaba Group and technology peer Tencent Holdings.


Alibaba takes control of film unit in $160m share purchase

Alibaba Group on Monday it will increase its stake in Hong Kong-listed Alibaba Pictures to 51%, taking control of the film unit’s board.


Chinese transport ministry fines Didi executives in crackdown on illegal practices

The ruling is part of an investigation that followed the deaths of two female Didi passengers in separate incidents earlier this year.


In record haul, Alibaba Singles’ Day rakes in $30b in online sales

Singles’ Day, or Double 11, is the world’s biggest online sales event, outstripping the sales of U.S. shopping holidays Black Friday and Cyber Monday combined.


Alibaba cuts sales forecast on economic uncertainty, trade fears

The move comes ahead of Singles’ Day which last year netted the firm over $25 billion in sales.


China’s Airbnb rival Xiaozhu raises $300m from Jack Ma’s Yunfeng Capital

The company’s top rival, Tujia.com, raised $300 million in October 2017 and is backed by Chinese travel-giant Ctrip.com International.