JD Group partners with Trip.com in tourism push

By Emma Lee

JD Group, the parent company of e-commerce giant JD.com, has announced a strategic partnership with China’s biggest online travel agency Trip.com to integrate their traffic and supply chains as the country’s travel industry works to recover f…

Baidu Q2 revenue shrinks, warns of further decline

By Chris Udemans

Revenue for Chinese search giant Baidu contracted 1% in the second quarter compared with the same year-ago period, with the company warning that the downward trend could continue in the second half of 2020.

Why it matters: Baidu narrowed a revenue …

Chinese edtech giant Zuoyebang raises $750 million

By Emma Lee

One of China’s top online tutoring platforms Zuoyebang announced Monday the completion of a $750 million Series E led by Fountainvest Partners and Tiger Global.

Why it matters: The coronavirus pandemic has drawn investor interest to China’s biggest …