Pony.ai’s carmaking efforts reportedly stall after US listing plan falters
Pony.ai’s carmaking-related initiatives have struggled to gain traction after the self-driving unicorn delayed its US stock market…
TechNode
Xiaohongshu apologizes for misleading travel reviews
Over the past few years, Xiaohongshu has struggled to maintain users’ trust due to misleading and fraudulent reviews.
Edtech will survive China’s crackdown, but it won’t be the same
One month after China’s crackdown, we are getting a better sense which edtech firms will die, which will survive, and which could…
Stock Analysis
Sogou to complete merger deal with Tencent by 2021
Chinese search engine company Sogou said Monday it expects to complete a merger with Tencent in the second half of this year….
NetEase’s Cloud Village approved for Hong Kong IPO
Cloud Village Inc, the music streaming unit of NetEase, was approved by the Hong Kong Stock Exchange to go public.
Stock Analysis
Beijing fines three private tutoring firms amid a broader crackdown
Market regulators in Beijing’s municipal government punished three private tutoring companies for illegal advertising, operating…
Ant-backed bike rental app Hello Inc. pulls US IPO plan
Hello Inc, formerly known as Hellobike, is the latest Chinese tech company to abandon overseas IPO plans amid increased scrutiny….
Stock Analysis
JD-backed electronics reseller Aihuishou files for US IPO
Aihuishou, a Chinese electronics resale platform backed by JD.com, filed an application for an IPO on the New York stock exchange on Friday.