Alibaba Increases its Stake in YTO Express by 12%; Didi Chuxing Upgrades Taxi Service Unit

09/02/20 • 8 min

News Briefing for Sept. 2. Alibaba and YTO Express reached a strategic cooperation deal; Didi Chuxing upgraded its taxi business with Kuaidi for better taxi-hailing service. Meanwhile, Netflix just announced its plan to adapt the Chinese Sci-fi trilogy, the Three-Body Problem, with fans around the world excited about the announcement.

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ByteDance’s US Sale Possibly Suspended Under China’s Revised Export Restrictions

News Briefing for August 31. TikTok assets may not be sold under the new restrictions revised by China’s authorities, as the regulations require governmental approval on technology exports. The regulations post new threats for TikTok in the US as the Trump administration set a deadline for September 15 to sell or ban its service in the US. In today’s show, we will update you with details of TikTok’s battle on its survival in the U.S.

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Xiaomi Market Value Reaches HK$600 Billion, Share Price Soars 6%

News Briefing for 09/04/2020. The total market value for Xiaomi, Chinese smartphone and smart hardware manufacturer, reached HK$600 billion for the first time. And Xiaomi is also seeing huge progress in the European market, according to its CEO Lei Jun. Meanwhile at home, Tsinghua University ranked 20th in this year’s Times Higher Education World University Rankings, which makes Tsinghua the first Asian university to break into the top 20 list.