OneConnect in Forced Divorce From Parent Ping An

Key Takeaways: OneConnect will shutter its cloud services division, which accounted for nearly half its revenue, after losing most of its customers for the businessThe development underscores a

Benzinga12:45 ET

Alipay has once again surged to the forefront.

Consolidate the position.

wallstreetcnJul 12 11:22 ET

"Beautiful Little Waste" attracts Lei Jun to enter the game.

Author: Huang Yu / Editor: Zhou Zhiyu. "Beautiful little waste?" On July 12th, Xiaomi founder Lei Jun's statement on Weibo sparked speculation and discussion. As the most savvy marketer, this entrepreneur undoubtedly created buzz for Xiaomi's upcoming first small folding phone (also known as the "vertical folding phone") and implied that Xiaomi wants to change the stereotype left by previous small folding phones. Xiaomi values its upcoming first small folding phone. Recently, Xiaomi's product manager Wei Siqi revealed to the public that the release conference of Xiaomi MIX Fold 4 (large folding) and Xiaomi MIX Flip (small folding) will be held.

wallstreetcnJul 12 09:00 ET

Cainiao is aligning with SF Express.

Author | Huang Yu Editor | Zhou Zhiyu A year ago, Cainiao, who was planning to go public on the Hong Kong Stock Exchange, launched its self-operated express delivery business, Cainiao Express. A year has passed, and although the listing plan has long been shelved, Cainiao Express has been expanding vigorously and accelerating its penetration into SF's territory. Cainiao Express has now set its sights on the same-city distribution business. On July 11, Cainiao Express announced the launch of same-city express delivery service in Guangzhou, offering same-day delivery within the city. This is the first time Cainiao Express has formally launched same-city distribution services. Prior to this, there were rumors in the industry that Cainiao Express planned to expand into the same-city distribution business, and would focus on services such as same-day delivery and same-city delivery within half a day.

wallstreetcnJul 11 04:41 ET

OPEC Monthly Report: Oil supply shortages may occur in the coming months as countries such as Russia have not yet fulfilled their production cuts.

On Wednesday, according to the latest monthly report from OPEC, although Russia significantly reduced its crude oil production in June, the three main OPEC+ members, Russia, Iraq, and Kazakhstan, still supply tens of thousands of barrels per day more than their quotas set earlier this year.

wallstreetcnJul 10 16:30 ET

"China ChatGPTs" struggle to attract customers.

Over a month ago, as Tencent officially launched the independent AIGC app 'Tencent Yuanbao', the 'BAT' finally gathered in the AI big model C-end product race track. In this AI application era, who can create the 'WeChat of the AI era' is highly anticipated.

wallstreetcnJul 10 09:29 ET