Ding Yining

Business Reporter

New companies elbow into crowded ride-hailing industry

The ride-hailing market shows no sign of reaching saturation, and the entry of yet more new players may strain prospects for expansion and profits.

Alipay to further connect with public transportation providers

Ant Financial said it aims to connect with public transportation service providers in as many as 100 domestic cities by the end of this year. 

Alibaba to invest US$716 million in Huitongda Network Co to develop rural areas

The two parties will collaborate on supply chain, logistics and technology to upgrade e-commerce infrastructure in rural areas.

Retail conglomerate joins hands with JD Daojia

Retail conglomerate China Resources Holdings made another step into the online to offline retail sector by joining hands with JD.com's grocery delivery platform JD Daojia.

JD joins cashierless shopping trend

E-commerce giant opens JD "Joy Space" cashierless shop in Shanghai on Nanjing Road W at the weekend and in Beijing, Tianjin and Guangzhou as well as Jiangsu and Liaoning provinces. 

Low March export figures see stocks fall

China stocks fell on Friday as lower-than-expected export figures in March rekindled worries over economic recovery.

Israel medical fair highlights important trade relationship

Israeli General Consul in Shanghai, Eyal Propper, spoke highly of Israel and China's collaboration and is eyeing a boost in the trade of medical equipment in the coming years. 

Shares fall for 1st time in 3 days

Transport and financial shares retreated but gold producers rallied as the metal seen as a safe haven.

WeChat suspends linking to popular short video apps

Tencent has suspended direct linking from WeChat to at least four major short video apps following an order from the State Administration of Radio and Television.

Shanghai stocks up for third day in a row

Shanghai stocks closed up for the third straight day, ending above 3,200 points thanks to the strong performance of financial shares and metal producers.