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Qu Toutiao has no connection to the more popular Jinri Toutiao run by Beijing ByteDance Technology Co.
Hong Kong Exchanges & Clearing Ltd. wants to change its rules so that company founders can stay in control after their firms list, but the proposals may cause trouble for China’s tech titans, who use an unusual type of corporate structure that restricts foreign ownership of their firms.
Led by founder Zhu Zhaojiang, Transsion shipped nearly 12 million smartphones to Africa in the first three quarters of last year.
Last mile delivery– an Ele.me stronghold– is what Alibaba could leverage, if it consolidates the business with its own Koubei platform.
Momo was valuing Tantan at $735 million in total.
Alibaba hasn’t held a stake in the owner of Alipay since founder Jack Ma controversially spun out the business in 2011.
Tencent, Warburg Pincus and Sequoia are among VCs betting on rental management startups to win a slice of the market.
Meituan is a tech firm few people outside China understand. It is a serious contender in the super-app stakes, with capabilities to rival WeChat
Tencent’s investment could help revive the struggling French retailer’s business in China, while expanding WeChat mobile payments across the country.
The agreement may smooth the U.S. company’s business in China while helping Tencent’s push to expand beyond its dominant position on the mainland.