Page 7 - Wang Xing News Today

Caixin Global provides the latest China news headlines on politics, economy, business and finance with insight and in-depth analysis.

Caixin Global provides the latest China news headlines on politics, economy, business and finance with insight and in-depth analysis.

Chinese AI experts and internet entrepreneurs are racing to launch their own AI startups after seeing the success of ChatGPT.

Its Q4 revenue from core local commerce, Meituan Instashopping, rose 17.4%

Chinese food delivery giant Meituan posted a bigger-than-expected 21.4% rise in quarterly revenue on Friday as it fended off competition from powerful rivals such as Alibaba-backed Ele.me.

The decision marks a significant retreat for the Chinese food delivery titan and could be a turning point for transport in the country.

The likely impact of the US lender’s collapse is that China’s tech elite will look to banks in Hong Kong, Singapore and even Europe.

BEIJING/SHANGHAI (Reuters) - Chinese tech giant Meituan plans to restructure its ride-hailing service and reduce the number of staff it has working on...

BEIJING/SHANGHAI (Reuters) - Chinese tech giant Meituan plans to restructure its ride-hailing service and reduce the number of staff it has working on...

Wang claims the new venture is already valued at $200m and top-tier VCs intend to invest $230m in its next funding round.