March 31, 2021
Today In Payments Around The World: Japan’s Paidy Inc. Lands...
In today’s top payments news around the world, Paidy Inc. said it completed its Series D funding round while Everli has raised $100 million in a funding round. Plus, JD.com...
March 31, 2021
JD.com Sells Off Cloud, AI Units To Its FinTech Arm
Chinese eCommerce giant JD.com said on Wednesday (March 31) that it had officially sold its JD Cloud and artificial intelligence (AI) business to its FinTech unit for a combined valuation...
March 17, 2021
Pinduoduo Founder Moves On As Business Beats Out Alibaba
Even as Pinduoduo, founded in 2015, overtakes Alibaba to become China’s largest eCommerce company, a shakeup at the top continues. Pinduoduo Founder Colin Huang has resigned as chairman, the company...
March 03, 2021
China Fines 5 Platforms Over Online Grocery Prices
China’s State Administration for Market Regulation (SAMR) has fined five community group buying platforms on Wednesday, March 3, due to their unfair price competition practices, a move showing the country’s...
February 05, 2021
China’s Didi Group-Buying Division Mulls $4 Billion Fundraising Move
Didi Chuxing, China’s ridesharing giant, is pondering a move to raise $4 billion to meet the surging demand for group-buying delivery services, Bloomberg reported on Friday (Feb. 5), citing sources. SoftBank-backed...
December 28, 2020
Chinese Officials Join US Politicians In Suddenly Falling Out Of...
Big Tech is falling out of favor not just in the West, but in China as well. Recent regulatory crackdowns on Ant Group, Alibaba and Tencent show that China’s former...
December 10, 2020
Vertical Restraints in a Digital World
The subject of vertical restraints is well-trod territory in antitrust. Most of the cases, and economic literature, have focused, however, on the physical world of manufacturers and distributors. This paper...
December 03, 2020
Bill Would Allow Foreign Companies To Be Delisted From US...
The U.S. House of Representatives has unanimously passed a new measure to allow the delisting of Chinese firms if they don’t comply with U.S. auditing rules, Reuters reports. Called The...
November 17, 2020
Pinduoduo Aims To Raise Up To $5.6B To Boost Online...
Chinese eCommerce platform Pinduoduo plans to raise up to $5.6 billion to invest in its one-day delivery service of farm goods across China, among other projects. The company plans to...