EV startup Byton to halt operations amid cash woes

By Jill Shen

Cash-strapped electric car maker Byton, once seen as a Tesla challenger, will suspend its operations in China starting Wednesday as it files for bankruptcy protection for its US and German business units.

Why it matters: After a fruitless searc…

I spent weeks playing games on Taobao and won $1.55

By Shi Jiayi

I still remember my first Singles’ Day shopping experience in 2014—it was simple and quick. After refreshing my shopping cart page at 12 a.m. the day of the sale, all the prices went down. I quickly checked out and closed Taobao. There were no coupons,…

Meituan may invest $500 million in EV startup Li Auto

By Jill Shen

Chinese electric vehicle startup Li Auto is about to close a $550 million round of funding led by Meituan Dianping, as the local services giant looks to gain a firmer foothold in the country’s emerging electrified vehicle market.

Why it matters:&nbs…