Alibaba investing to boost logistics capacity

E-commerce giant Alibaba Group Holding Ltd and its logistics arm Cainiao Network Technology Co Ltd are leading a $1.38 billion investment in Chinese courier ZTO Express Inc, to further boost the group's logistics capability for its New Retail concept in the highly competitive domestic market.

Used car firm to raise funds via US float

Uxin Ltd, a Chinese used car e-commerce platform, has filed for a $500 million IPO in the United States, according to the company's regulatory filing.

Carrefour joins healthy eating drive

French retailer Carrefour SA has joined hands with the Chinese Nutrition Society to promote nutritional knowledge among Chinese consumers, and children in particular, through National Nutrition Week.

Organic food firm to donate seedlings for green efforts

German organic food manufacturer HiPP GmbH & Co Vertrieb KG has announced it will cooperate with Ant Forest, an app affiliated with Chinese technology giant Alibaba Group Holding Ltd, to encourage members of the public to lower their carbon footprints.

Coaches to help get national healthcare system into shape

Beijing-based medical consulting company Cycares has launched a project to provide well-being coaches to raise health awareness and reduce the incidence of chronic disease.

IN BRIEF (Page 18)

Regulator to rein in risky fundraising

China must pay close attention to the spreading of risks arising from cross-sector and cross-market financial innovation, tighten regulation and strengthen coordination to mitigate potential systemic risks, said an official of the China Banking and Insurance Regulatory Commission.

China Merchants Bank to expand focus on fintech

Positioning itself as a fintech bank, China Merchants Bank Co Ltd will increase technology investment to deepen its transition toward asset-light operations and management, said a senior executive of the bank.

New energy battery giant to raise $834m from Shenzhen IPO

Contemporary Amperex Technology Ltd, the world's biggest electric vehicle battery producer by sales, said it will start the subscription period for its shares on Wednesday, in a bid to raise 5.35 billion yuan ($834 million) for further expansion.

Short video mobile apps on the rise

Short videos are seeing explosive growth in China and are gradually becoming one of the major ways Chinese netizens are recording and sharing information.

Douyin offers creative expression

Luo Li, a 24-year-old college student from Anhui province who seldom watched or shot 15-second short videos before, has recently become interested in shooting "finger dance" videos.

Domestic companies expand platforms overseas

China's short video platforms are gaining momentum globally as leading domestic firms expand their apps overseas, with a particular focus on emerging markets.