Search Results for:Lulu Yilun Chen

China’s news app Qu Toutiao said to mull U.S. IPO at $3b valuation

Qu Toutiao has no connection to the more popular Jinri Toutiao run by Beijing ByteDance Technology Co.

Hong Kong has questions to answer about plan to allow dual-class shares

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.

Shenzhen Transsion, top smartphone maker in Africa, plans backdoor Chinese listing

Led by founder Zhu Zhaojiang, Transsion shipped nearly 12 million smartphones to Africa in the first three quarters of last year.

Alibaba said to buy rest of food delivery startup from Baidu, others

Last mile delivery– an stronghold– is what Alibaba could leverage, if it consolidates the business with its own Koubei platform.

China’s Momo to acquire smaller Tinder-like rival Tantan for $601m in cash

Momo was valuing Tantan at $735 million in total.

Alibaba to buy a third of affiliate Ant Financial, paving way for IPO

Alibaba hasn’t held a stake in the owner of Alipay since founder Jack Ma controversially spun out the business in 2011.

China jostles to rent instead of buy, prompting VCs to pour millions

Tencent, Warburg Pincus and Sequoia are among VCs betting on rental management startups to win a slice of the market.

Tencent-backed super-app Meituan emerges to rival its own WeChat

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 to invest in Carrefour’s China unit to take on Alibaba in offline retail

Tencent’s investment could help revive the struggling French retailer’s business in China, while expanding WeChat mobile payments across the country.

China’s Tencent, Google agree to share patents in global tech alliance

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.