Meituan said it would maintain its mutually beneficial business relationship with Tencent after the divestment, which comes as the Shenzhen-based tech giant shuts some unprofitable businesses
The city also announced a new round of Covid testing to stamp out the pandemic, after it reported 89 new locally transmitted Covid infections for Sept 3
The lockdown comes as China narrowly escaped an economic contraction in the June quarter, when a series of rolling lockdowns shut businesses nationwide, eroded employment and hurt consumer spending
Several hundred people among its 1,000-strong workforce in the southern technology hub have been affected, the Chicago-based financial services company said on Wednesday
Amid the worsening Covid situation in China, a video surfaced on Thursday showing hundreds of people standing in queues to get tested for the virus in the Southern Chinese city of Shenzhen
China has reported more local symptomatic Covid cases so far this year than it recorded in all of 2021, as the highly transmissible Omicron variant triggers outbreaks from Shanghai to Shenzhen
Major Apple Inc supplier and iPhone assembler Foxconn said on Monday it has suspended operations in the Chinese city of Shenzhen to comply with the local government's COVID-19 control policies
President Xi Jinping has given Shenzhen greater autonomy for pursuing reforms, praising it for "achieving miracles" while on a visit two years ago to mark the establishment of the country's first econ
The Shenzhen Stock Exchange suspended more than 30 IPO plans on Aug. 18 slated for its ChiNext board, including a public share sale application from BYD Co's semiconductor business
Over 100 companies have voluntarily withdrawn applications to list on Shanghai's STAR Market and Shenzhen's ChiNext since Ant's termination of its initial public offering (IPO) in November
The changes announced by the National Development and Reform Commission include more flexibility to pursue reforms in areas such as land use and cross-border arbitration
