JD.com buys $100 million convertible bonds in Gome Retail

By Emma Lee

Online retailer JD.com said on Thursday that it will buy $100 million worth of convertible bonds in Gome Retail, one of China’s largest physical electronics chains.

Why it matters: Chinese online retailers are working closely with physical electroni…

Tencent to plow $70 billion into cloud, AI over 5 years

By Wei Sheng

Chinese internet giant Tencent announced Tuesday it will invest RMB 500 billion (around $69.9 billion) into cloud computing and other technologies over the next five years.

Why it matters: While the Shenzhen-based company said the investment pl…

Meituan says Covid-19 effect to extend beyond Q1 losses

By Emma Lee

Meituan Dianping reported smaller than expected losses in the first quarter as a result of the Covid-19 outbreak, sending its share prices up more than 8% in Tuesday trading.

Why it matters: Earnings season offers a closer look at how Chinese tech m…