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TECH 26 Dec 2018 | 6:30 AM

Chinese home sharing site Xiaozhu to roll out facial recognition-enabled smart locks

Home sharing site plans to introduce face scanning for check in at 80% of its listings in southwest China’s Chengdu city.

TECH 10 Oct 2018 | 8:34 AM

China Airbnb rival raises nearly US$300mil from Jack Ma fund

Chinese short-term rental firm said on Oct 10 it has raised nearly US$300mil in a funding round led by Jack Ma's Yunfeng Capital, amid fierce competition from US giant Airbnb Inc and local rival

TECH 07 Aug 2018 | 11:30 AM

Alibaba merging China food delivery units to counter Tencent-backed Meituan

Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China's booming on-demand services market.

Business 25 Apr 2018 | 12:00 AM

China’s Full Truck Alliance raises US$1.9bil in funding

HONG KONG: Full Truck Alliance Group, China’s biggest app for Uber-like truck services, raised US$1.9bil in funding to fuel its expansion, a source said.

Corporate News 26 Mar 2018 | 9:59 AM Premium

SoftBank considers US$1bil investment in Chinese truck-hailing firm

JAPAN’s SoftBank Group Corp. is looking to invest US$1bil in a Chinese truck-hailing company backed by internet giant Tencent Holdings Ltd and a private-equity firm co-founded by billionaire Jack Ma, according to people familiar with the matter.

AseanPlus News 04 Dec 2017 | 6:02 PM

China’s Airbnb to introduce check-ins using facial recognition

Although the Chinese government has given its blessing to development of the sharing economy, home sharing remains a grey area due to identify verification

Business 28 Nov 2017 | 12:00 AM

China's top Uber-like truck apps to merge

HONG KONG: Huochebang and Yunmanman, China’s two biggest apps for Uber-like truck services, have agreed to merge, creating a company valued at more than US$2bil, people familiar with the matter said.

AseanPlus News 31 Oct 2017 | 2:07 PM

Elderly Chinese woman who killed disabled son after 46 years of devotion shown mercy in court

Woman, 83, said she was too ill to care for son who could neither walk nor talk, but wouldn’t burden other family members