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United Kingdom

Yingzhi Yang

Exclusive: TikTok owner ByteDance's H1 revenue better than expected at over $7 billion - sources

30 Sep 2019

BEIJING/HONG KONG China's ByteDance, owner of video-sharing app TikTok and one of the world's most valuable unicorns, booked revenue of 50-60 billion yuan ($7 billion to $8.4 billion) in a better-than-expected result for the first half, people familiar with the matter told Reuters.

China's JD.com reloads deal-making with investment head appointment

11 Sep 2019

HONG KONG/BEIJING China's second-largest e-commerce firm JD.com Inc has appointed Jason Hu, a former managing director at Chinese private equity firm CDH Investments, as head of strategic investment to oversee deals both at home and overseas.

MOVES-China's JD.com appoints PE veteran as strategic investment head -sources

11 Sep 2019

HONG KONG/BEIJING, Sept 11 China's second-largest e-commerce firm JD.com Inc has hired Jason Hu, a former managing director at Chinese private equity firm CDH Investments, as head of strategic investment to oversee deals both at home and overseas, three sources said.

Tencent scraps plan to invest $150 million in Chinese education firm VIPKid: sources

30 Aug 2019

HONG KONG/BEIJING Tencent has shelved plans to invest about $150 million to lead a fresh fundraising round for Chinese education firm VIPKid, two people with knowledge of the matter said, as Beijing tightens oversight of online education platforms.

CORRECTED-Tencent scraps plan to invest $150 mln in Chinese education firm VIPKid -sources

29 Aug 2019

* Tencent's decision sparked by Beijing's new regulations -source

Chinese food delivery firm Meituan posts first quarterly profit since listing

23 Aug 2019

BEIJING/SHANGHAI China's Meituan Dianping , an online food delivery-to-ticketing company, posted its first quarterly profit as a listed firm as a surge in summer food delivery orders helped it beat competition from rivals including Alibaba-backed Ele.me.

China's Baidu beats earnings expectations, shares rally

20 Aug 2019

Chinese internet search giant Baidu Inc beat quarterly earnings estimates on Monday after signing more people up to its video streaming service, sending its shares higher in a relief rally.

China's Ninebot unveils scooters that drive themselves to charging stations

17 Aug 2019

BEIJING/HONG KONG Segway-Ninebot Group, a Beijing-based electric scooter maker, on Friday unveiled a scooter that can return itself to charging stations without a driver, a potential boon for the burgeoning scooter-sharing industry.

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