China Evergrande Group reckons it can take on Elon Musk’s Tesla


Evergrande will feel the pressure too from local players, like BYD Co., which has been a big beneficiary of electric-car subsidies from Beijing.

Top China Netflix-style app iQiyi attempts to crack short-video genre

IQiyi Inc. intends to cultivate a social media-oriented video sharing platform geared toward entertainment.

Tencent said to target 10% job cuts amid cooling growth, intense competition

Tencent follows a slew of Chinese tech companies from Inc. to Didi Chuxing that’re shaking up their ranks to tide them over tougher times.

With rising vacancy rates, China’s co-work spaces eye services amid funding crunch

The strategy shift marks a turn of fortunes for the Chinese co-working industry, whose rapid expansion has helped operators such as Ucommune, MyDreamPlus and Kr Space raise hundreds of millions of dollars.

Chinese TechCrunch rival 36Kr seeks to raise $100m in US IPO

Chinese companies completed $43 billion of first-time share sales overseas last year, the most since 2014.

Warburg Pincus ploughs $100m into China’s B2B trading platform Yijiupi

The latest round comes shortly after Yijiupi closed its $200 million Series D round five months ago, which was led by Meituan and Tencent.

Global private equity players actively acquiring Chinese commercial property

Firms including Blackstone Group LP and GAW Capital Advisors are in talks with banks in Asia for loan deals of more than $2 billion so far this year.

Self-storage provider RedBox acquires three properties in HK

RedBox completed the property purchases using the $50 million committed by Chinese real estate investment manager InfraRed NF.

Gaw Capital eyes snapping up malls in China after Hong Kong test run

Gaw-led groups snapped up properties worth HK$35 billion ($4.5 billion) in Hong Kong in less than two years.

Shanghai’s new Nasdaq-style tech board to accept listing applications from Monday

Shanghai’s Nasdaq-style Science and Technology board marks a radical shift from the current lengthy and cumbersome process for IPOs.