Meg Shen

Alibaba said to take 8% stake in Chinese video platform Bilibili

Bilibili is one of China’s leading online video sharing and entertainment platforms and was listed on Nasdaq in March 2018.

China unveils draft regulations for Nasdaq-style startup board in Shanghai

The so-called technology innovation board will mainly host companies in technology and emerging sectors, such as high-tech equipment manufacturing, new energy, biotechnology, big data and cloud computing.

Hong Kong’s NWS Holdings to buy FTLife Insurance for $2.75b

Hong Kong had a life and health insurance premium to GDP ratio of 17.94% in 2017, the second-highest in Asia after Taiwan.

HNA Technology scraps plan to buy Chinese e-commerce firm Dangdang

This spells the latest blow to HNA Group which lately has done a series of divestments to slash debt at the aviation-to-financial services group.

China to launch nationwide inspections of ride-hailing companies

The inspections, starting from Sept. 5, will cover all ride-hailing service platforms nationwide

China Eastern Airlines to raise up to $2.2b in share sale

China Eastern Airlines Corp will use the proceeds to expand its fleet and to replenish working capital

Tencent, invest in Leshi’s smart TV unit

Leshi’s parent LeEco was once China’s Netflix-to-Tesla contender but ran into a cash crunch in late 2016 after expanding too fast.

Leshi chairman Hongbin resigns after just eight months in office

After only eight months as chairman, Sun Hongbin, also chairman of Leshi’s second largest shareholder Sunac China Holdings Ltd, has decided to leave.

China’s Tencent plans to buy 5% stake in retail chain Yonghui Superstores

China’s e-commerce giants have pushed into traditional retail. In November, Alibaba Group Holding Ltd said it would invest $2.9 billion in China’s top hypermart operator Sun Art Retail Group Ltd for a major stake.

China: Fosun High Tech chairman to leave post, remain at parent

Fosun saw its CEO and vice president step down in a surprise reshuffle in March.