Pinduoduo (NASDAQ: PDD) CEO Colin Huang recently stepped down and handed the reins over to his chief technology officer Chen Lei. Chen, who co-founded Pinduoduo with Huang in 2015, has held the CTO title since 2016.
SINA's (NASDAQ: SINA) stock surged 10% on July 6 after the Chinese tech company received a go-private offer from New Wave MMXV, a British Virgin Islands-based company controlled by SINA's own CEO Charles Chao. New Wave already held a 55.5% voting stake in SINA after a share subs
Shares of SoftBank Group Corp rose 3% on Tuesday to reach highs last seen during the dot-com bubble, as massive buybacks help shrink the group's persistent discount.
The Indian government is reviewing around 50 investment proposals involving Chinese companies under a new screening policy, three sources familiar with the matter told Reuters.
The Indian government is reviewing around 50 investment proposals involving Chinese companies under a new screening policy, three sources familiar with the matter told Reuters.
Beyond Meat (NASDAQ: BYND) has been a stock market superstar for most of its time as a publicly traded company. The maker of plant-based meat alternatives started out with a bang when its stock surged 84% in its debut a little more than a year ago.
What happened
Shares of iQiyi (NASDAQ: IQ) rose 39.8% in June, according to data from S&P Global Market Intelligence. iQiyi had traditionally been labeled the "Netflix (NASDAQ: NFLX) of China," but the truth was actually more complicated. China has not one clear streaming l
Social media app TikTok distanced itself from Beijing after India banned 59 Chinese apps in the country, according to a correspondence seen by Reuters.
China-owned social media app TikTok distanced itself from Beijing after India banned 59 Chinese apps in the country, according to a correspondence seen by Reuters.
For Chinese cloud services companies, the coronavirus outbreak has become a rainmaker, bringing in new business far and wide as firms shift work online and authorities develop apps and systems to help contain outbreaks and manage social restrictions.
What happened
Shares of Pinduoduo (NASDAQ: PDD) were climbing to all-time highs today on a broader wave of gains among Chinese tech stocks. Though there was no clear reason for its gains, the stock finished Thursday up 8.8%.
Chinese e-commerce giant Alibaba Group Holding Ltd has fired Zhao Yan, the head of its fast-growing livestreaming division, on grounds of nepotism and accepting gifts, according to an internal memo announcing his termination, seen by Reuters.
Hangzhou, China's answer to Silicon valley, imposed new restrictions on property transactions on Thursday, after cheap credit and a relaxation of residency permits fed a demand surge.
Consumer stocks were ending mostly higher, with the SPDR Consumer Staples Select Sector ETF climbing 0.4% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was ahead 1.3% in late trade.
What happened
Shares of Beyond Meat (NASDAQ: BYND) climbed on Wednesday after the meat alternatives company announced a new partnership with one of the largest and most powerful companies in China.
Consumer stocks were mostly higher, with the SPDR Consumer Staples Select Sector ETF climbing 0.4% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was ahead 0.8% in recent trade.
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