Didi the Uber-slayer set for the world’s biggest initial public offering
Didi Chuxing, the home-grown car-hailing company that ate Uber alive in China, is planning what could be the world’s biggest ever share sale.
Business & Technology
Chinese companies going global. Global companies capitalizing on the size and growth of the China market. State-owned enterprises. Policy-based state investment. Startup unicorns with Chinese characteristics. There is no shortage of business stories to tell in China.
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A look inside Shein, the $45 billion retail enigma upending the global fashion industry
China’s “most mysterious billion-dollar company,” as one investor put it, has perfected the art of trend-setting through trial and error. But Shein’s tactics and tight lips are not without risk. Here’s what we know about the rising Chinese retail giant intent on taking down Zara.
Chinese e-grocers Dingdong Maicai and Miss Fresh both file for U.S. IPO
Two competing companies that deliver fresh vegetables and other groceries to Chinese consumers announced on the same day that they would fundraise on American markets.
Chinese government pushes to finance family farms and other rural ventures
The government wants China’s rural residents, entrepreneurs, and property owners to innovate and alleviate poverty, and it’s telling the banks to start writing checks.
Dispatch from Shenzhen: China’s booming drone industry
China dominates the global business of consumer and commercial drones, and the buzzing center of this new industry is Shenzhen. SupChina went to this year’s drone expo in the southern city, and this is what we found.
Beijing rolls out tuition guidelines for after-school tutoring sector
Beijing regulators issued a long-anticipated guideline on tuition fees in the after-school tutoring sector. The message: “Stop blindly expanding.”
The two Chinese government moves that spooked the bitcoin market
China is continuing its ongoing restriction of cryptocurrency business and two recent announcements have added to global worries about the value of virtual money. But China’s cryptoheads are unlikely to change their plans.
Huarong was born from one global crisis. Will it survive the next?
Huarong, a state-owned debt management company, indirectly owns shares in almost 80,000 Chinese companies. But as rumors swirl about Huarong's financial health, we need to scrutinize the entirety of China's larger state-owned financial sector.
Chicecream is very expensive Chinese ice cream and the startup behind it just bagged $30 million in Series A funding
China’s ice cream market is heating up with investors seeking to create a national brand — Zhong Xue Gao is in the running.
Ant’s road to redemption: How the fintech giant can save itself
Ant’s deceptive branding, conflicts of interest, and predatory lending behavior fostered a vicious cycle that called for state intervention.