Xiaomi brings in banker to boost fintech push

By Wei Sheng

Xiaomi has hired the president of an online bank to lead the smartphone maker’s budding consumer finance business, the company announced Thursday.

Why it matters: The Beijing-based company is actively seeking new growth opportunities outside sm…

Didi nabs coveted license with 32% stake in insurer

By Jill Shen

Mar 12, 20202 min read The exterior of a Didi building in Beijing on Oct. 30, 2019. (Image credit: TechNode/Coco Gao)

China’s biggest ride-hailing platform Didi Chuxing took a 32% stake in Hyundai Insurance China, according to a regulatory filin…