Chinese internet giant Tencent has joined hands with supermarket chain operators ParknShop and Yonghui Superstores to form a joint venture, a move to tap into the country’s vast and evolving offline retail market.  The joint venture, namely Parkn……

Chinese ByteDance-owned news aggregation platform Jinri Toutiao (Toutiao) has reportedly launched a social commerce mobile app to challenge US$3 billion-worth Xiaohongshu platform. The mobile app was launched in October under the name of “Xincao”. It h……

Chinese e-commerce giant Alibaba Group Holding Limited said today it is merging its food delivery unit Ele.me and in-store consumption, to compete with Meituan Dianping for dominance in China’s growing on-demand services market. Alibaba will set ……

Huawei Technologies Co., Ltd., world’s largest telecom-equipment maker, unveiled two new artificial intelligence (AI) chips on Wednesday that will power its servers and boost its nascent cloud-computing business. The two chipsets, namely Ascend 9……

Investment management firm Baillie Gifford & Co., the second largest investor in Tesla, has taken an 11.44% stake in Chinese electric vehicle automaker NIO, according to a regulatory filing on Tuesday. The U.K.-based Baillie Gifford disclosed that ……

Chinese internet giant Tencent Holdings Limited and global investment firm KKR & Co Inc are acquiring a minority stake in the financial technology arm of Philippines’ PLDT Inc, Voyager Innovations, for a total of US$175 million-worth new shar……

Chinese low-cost and variety store chain MINISO announced that it has entered into a RMB1 billion (US$145 million) strategic investment agreement with the country’s internet giant Tencent Holdings Limited and investment management firm Hillhouse ……

Tencent Music Entertainment Group, the online music division of China’s largest social-media firm Tencent, has filed on Tuesday for a US$1 billion initial public offering (IPO) in the US. The company plans to raise as much as US$1 billion, in wha……

Chinese technology company Lenovo Group Ltd. announced the establishment of a joint venture in China with California-based hybrid cloud data services company NetApp, Inc. to deliver storage products and data management solutions for the country’s……

Viomi Technology Co. Ltd., a Xiaomi-backed seller of internet-connected home appliances, has raised about US$102.6 million on its debut at the US stock market. The company offered 11.4 million American depository shares (ADSs) at US$9 apiece, the lower……