Pandaily's Digest #20210616
China intensifies crackdown on private tutoring, LinkDoc files for US IPO, autonomous driving gains momentum, Shein accused of copyright infringement, Didi compensates 280M yuan to drivers, and more.
The Chinese Education Ministry announced on Tuesday that it has established a new department to oversee after-school tutoring, marking an further escalation in Beijing’s ongoing crackdown on the country’s burgeoning private tutoring industry.
Chinese medical data company LinkDoc Technology filed paperwork on Monday to list shares in the US, as China’s digital healthcare industry continues to grow in the wake of the coronavirus pandemic.
In last week’s VC news, online medical platform Dingdang Health raises $220 million to expand its O2O strategy, lidar-maker Hesai closes a considerable Series D followed by a hefty Series C round raised by autonomous driving chip-maker Horizon robotics, while Tencent invests in a German online brokerage.
Fashion brands including Dr. Martens’ owner AirWair International and independent designers have accused e-commerce platform Shein of trademark infringements.
In an open letter to its contracted drivers on Tuesday, Sun Shu, CEO of Didi’s ride-hailing branch and head of the Drivers Committee, addressed the platform’s carpooling commission rate policies and disclosed information about wage compensations.
Uxin Limited, an online used car trading platform, announced it has entered into definitive agreements with Nio Capital and Joy Capital, in which both firms have agreed to invest a total of up to $315 million in the company.
China’s second-largest short video app Kuaishou is investing extensively in Brazil and Southeast Asia to expand its overseas customer base, aiming to increasing its market share amid competition with TikTok.