Ding Yining

Business Reporter
Tech

Didi cuts redundant staff, but vows to hire more to boost safety

Didi said it is to cut 2,000 staff, or about 15 percent of its personnel, to ensure legitimate operation and passenger safety in the wake of two deadly incidents last year.
Company

Bilibili teams up with Alibaba to help content creators monetize work

Alibaba Group Holding Ltd has bought an 8 percent stake in entertainment platform Bilibili to seek growth synergies for online merchants and video content producers.
Tech

Pilot launch of downtown 5G networks later this year

China Mobile's Shanghai branch has signed a memorandum of collaboration with the Huangpu District government to push forward pilot operation of the 5G network in downtown areas.
Tech

Alibaba sees growth in Russia

Alibaba's logistics arm Cainiao has signed a letter of intent to strengthen collaboration with Russian Post to help raise efficiency for cross-border trade and bolster SME trade.
Tech

Lower-tier cities splash out online during Chinese New Year

Lower-tier cities saw the biggest growth in terms of sales volume of on-demand delivery services during the Chinese New Year, Koubei and Eleme data showed.
Company

Suning makes new acquisition to boost retail channels

Suning.com has acquired Wanda Department Store to merge with the property developer's physical store assets in a bid to drive growth and synergy through new retail channels.
Economy

Consumer goods spending up amongst weak market performance

China's fast moving consumer goods spending rose 4.3 percent in 2018, a steady pace compared to a year ago, as weak market performance dampened growth in the fourth quarter.
Economy

UnionPay sees record New Year spending

The country's largest card payment organization saw transactions soar 71.5 percent to pass the 1 trillion yuan mark for the first time.
Economy

New Year digital consumption booms

Chinese consumers' enthusiasm over digital shopping and payments boomed during the weeklong CNY holiday as Internet companies reported increasing number of participants. 
Economy

City forges ahead with stable development

Shanghai remains confident to achieve an annual GDP growth of 6 to 6.5 percent but is prepared to tackle challenges ahead, mayor Ying Yong said. 
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