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Chinese stocks plummet as Huawei CFO arrest raises trade fears – TechCrunch

A string of Chinese stocks fell hard on Thursday after the arrest of Huawei’s chief financial officer Meng Wanzhou in Vancouver deepened concerns over US-China trade tensions. The Hang Seng China Enterprises Index of Chinese…

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Meituan, China’s ‘everything app’, walks away from bike sharing and ride hailing – TechCrunch

A major player in the race to transport Chinese people around is losing steam. Meituan Dianping, the Tencent-backed all-encompassing platform for local services, continues to put the brakes on bike-sharing and ride-hailing, the company said…



Alibaba and Amazon move over, we visited JD’s connected grocery store in China – TechCrunch

The arms race to build the future of grocery stores is heating up in China. To no one’s surprise, the main contestants are the country’s ecommerce titans Alibaba and JD.com, which are turning offline for growth….


With a new deal for customers and a fresh $23 million, Mayvenn extends its hair care business – TechCrunch

Pitching customers a new, all-inclusive service for buying and installing hair, Mayvenn is looking to significantly expand its haircare business and just raised $23 million in a new round of funding to do it. The…


The next big restaurant chain may not own any kitchens – TechCrunch

If investors at some of the biggest technology companies are right, the next big restaurant chain could have no kitchens of its own. These venture capitalists think the same forces that have transformed transportation, media,…



The dramatic rise and fall of online P2P lending in China – TechCrunch

Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. When Emily Zhang was interning with a peer-to-peer (P2P) lending firm in the Summer of 2016, her main task…


WeWork China raises $500M to triple the number of cities it covers – TechCrunch

WeWork’s China business is getting a fresh injection of capital after it raised $500 million. The company entered China two years ago and today it covers Beijing, Shanghai and Chengdu with nearly 40 locations. It…


The incredible rise of Pinduoduo, China’s newest force in e-commerce – TechCrunch

Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. From Alibaba to JD, China is not short of e-commerce powerhouses. Although the country’s e-commerce market is highly consolidated,…