Two Chinese internet companies that have emerged as corporate winners through the pandemic are adapting to renewed competition as the country begins to shed its zero-Covid policy. Food delivery group Meituan and bargain shopping app Pinduoduo raked in a combined Rmb11.8bn ($1.7bn) in profit during the three months to the […]
Chinas
The streaming platform, Penguin Esports, announced Thursday that it would terminate all services on June 7, citing changes in “business development strategy.” Just nine months ago, anti-trust regulators prevented Tencent merging the company with its other interests in live streaming. Penguin Esports was established by Tencent in 2016 and is […]
