A batch of Chinese long-term rental housing service providers have been facing financial problems. Why is that and will the problem become more severe? Financial problem Several renters of Yujian Apartment in Shanghai claimed that they have been kicked out by the landlords, while the landlords said they haven’t received payments for months, according …
“Hourly paid nannies and movers will be those who ring the bell when we are listing,” said Chen Xiaohua, the Chief Strategy Officer (CSO) of 58.com – although they didn’t keep their promises when the company was listed in October 2013. 58.com operates the largest online marketplace serving local merchants and consumers in China, according …
The battlefield of Chinese online shopping has welcomed another strong fighter – Jinritoutiao. The Beijing-based news and information content platform launched a mobile application called Zhidian. Jinritoutiao has only used three years to be listed and become the tech giant – it is widely believed that social data contributed a lot to the fast pace. …
Chinese unmanned store Bianlifeng has received huge investment from Tencent and Hillhouse Capital, according to local tech website itsiwei.com. If the news is confirmed, it will be the first time for the operator of staff-less stores and vending machines to receive exterior investment. In February 2017, Bianlifeng was invested with 300 million US dollars by …
A remote Chinese city has grabbed the headlines, as the so-called Chinese Hollywood has become the storm center of the back taxes scandal of celebrities. To enjoy the tax beneficiaries, more than 1,600 film and television production enterprises registered in the Horgos, which is located in west China’s Xinjiang Uyghur Autonomous Region. However, the city …