Delivery apps are allowing Chinese citizens to get their hands on the popular weight-loss and diabetes drugs at the touch of a button.
KKR & Co, Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake in Starbucks' China business, four sources said, as the U.S. coffee chain looks to revive flagging sales in its second-largest market.
Amid a labour shift that has pushed millions of jobseekers to online platforms, greater protections are being promised for some temporary workers.
Read the original analysis: Beyond the Magnificent 7: Finding the next big tech plays in China
"Platforms providing social insurance for delivery workers marks a significant step forward in protecting their labor rights, addressing the gap in social insurance coverage that has existed among these workers for a long time," said Zhang Chenggang, director of the research center on China's new forms of employment.
A notable feature of the high-level symposium in Beijing was the wide participation of China's top high-tech companies, especially in the internet sector. Representatives from Alibaba Group, Tencent, QAX Group, Huawei, Meituan and iFlytek were present. Most of them are also members of the World Internet Conference (WIC).
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Chinese leader Xi Jinping hosted Alibaba co-founder Jack Ma and the country’s top tech executives in Beijing on Monday, in a meeting that signals officials could be steering the country in a more business-friendly direction after a yearslong regulatory crackdown.
Meituan's Wang Xing, China Feihe's Leng Youbin and Will Semiconductor founder Yu Renrong also attended, the video showed. Tencent's Pony Ma was also there, a source familiar with the matter said, declining to be named as the meeting details were not public.
Asian equities ended a positive week on a high note, led by Hong Kong and Mainland China-listed growth stocks following Alibaba’s financial results, which were reported after the close in Hong Kong yesterday.
JD.com's low commission strategy in food delivery is unsustainable long term. Read why investors should consider stocks like MPNGF rather than JD stock.
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