JD.com fintech unit is planning a STAR Market IPO

By Wei Sheng

JD Digits, the fintech subsidiary of Chinese online marketplace JD.com, is preparing for an initial public offering at China’s Nasdaq-style STAR Market in Shanghai, according to a filing by several securities firms.

Why it matters: The move is …

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…

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 …