Jun 21, 2022 09:18 PM

TECH INSIDER

Tech Insider: JD.com Shrinks Group-Buying Biz Again, TikTok Shifts U.S. Data

Photo: VCG

Photo: VCG

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

Tencent reduces holdings in New Oriental subsidiary

Tencent Holdings Ltd. has slashed its stake in New Oriental’s Hong Kong-listed online education subsidiary Koolearn Technology Holding Ltd., after its share price saw a jaw-dropping rally in the past two weeks after a surge in users of its parent’s livestreaming e-commerce unit.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: TikTok Chief in Congressional Hotseat

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin China Biz Roundup: Beijing Welcomes Former Taiwan Leader’s Visit to the Mainland

00:00

00:00/00:00

MOST POPULAR

1: China Strengthens Communist Party Oversight of Financial Sector

2: China’s Bond-Feed Turmoil Triggered by Data Monopoly, Compliance Concerns, Sources Say

3: Cover Story: 2008 Redux? SVB Collapse Raises Questions About Banking Oversight

4: Price War Among China’s Automakers Threatens Profitability, Analysts Say

5: SVB Collapse Catches Chinese Tech Startups, Private Funds Off Guard

SPONSORED

OR