Chinese on-demand delivery giant Meituan has temporarily closed its Beijing community group-buying service, with speculation that it could be related to the city’s recent Covid-19 cases, reports Caixin. “From April 26, the pickup station of your choice will halt services temporarily, to ensure optimal user experience,” Meituan said in a notification published Monday both on […]
Category: Business Practice
Daniel Zhang Yong, the chairman and chief executive of Alibaba Group, has stepped down from his role as the legal representative behind the corporate entities that control Taobao Marketplace and Tmall, reports the South China Morning Post. Trudy Dai Shan, one of Alibaba’s founding members in 1999 and a company partner, has succeeded Zhang as […]
Chinese tech giant ByteDance, parent company of TikTok, announced a collaboration with Konka Group, an electronics company based in the southern tech hub of Shenzhen, which has unveiled a new set of smart TV products powered by ByteDance’s MEyou operating system, reports the South China Morning Post. Co-developed with Konka, MEyou OS marks ByteDance’s initial […]
Tian Huiyu, president of China Merchants Bank, is relinquishing their role after an almost nine-year tenure that brought the organization to the top of the country’s retail banking sector, reports Bloomberg. Tian, 56, was relieved from his current role and will be assigned to another unspecified post, effective immediately, the Shenzhen-based bank said in a statement […]
Houston Huang, Wall Street bank JPMorgan Chase’s top securities executive in China, is taking a step back and will be replaced by his deputy as the bank tries to deal with slowing growth in the China economy, reports Caixin. Huang will hand over the role of chief executive officer of JPMorgan Securities (China) to Lu […]