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Alipay has quietly started testing money transfers through WeChat in September, available for a small number of users with a maximum of ~$278 per transfer (Coco Feng/South China Morning Post)

[ad_1] Coco Feng / South China Morning Post: Alipay has quietly started testing money transfers through WeChat in September, available…

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China's central bank: e-CNY transactions totaled ~$14B from December 2019 to August 2022, up 14% from ~$12.2B in December 2021, signaling slowing growth (Coco Feng/South China Morning Post)

[ad_1] Coco Feng / South China Morning Post: China’s central bank: e-CNY transactions totaled ~$14B from December 2019 to August…

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Sources: ByteDance CFO told staff that it has no plans to go public; report: CEO Liang said the company plans to reduce input into noncore businesses (Coco Feng/South China Morning Post)

[ad_1] Coco Feng / South China Morning Post: Sources: ByteDance CFO told staff that it has no plans to go…

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ByteDance quietly launches its Wukong search engine in China, promising no ads in its results, days after Tencent shut down its Sogou search app (Coco Feng/South China Morning Post)

[ad_1] Coco Feng / South China Morning Post: ByteDance quietly launches its Wukong search engine in China, promising no ads…

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Sources: Meituan plans to lay off ~10%-20% of staff from its core business units after announcing that it added a net 17K jobs from July 2021 to mid-March 2022 (Coco Feng/South China Morning Post)

[ad_1] Coco Feng / South China Morning Post: Sources: Meituan plans to lay off ~10%-20% of staff from its core…

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