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Guazi sues Car King

Guazi sues Car King

The litigation battle currently sweeping through the Chinese used auto sector has widened again, as 58.com-backed used auto platform Guazi has brought a lawsuit against BitAuto-backed online and offline used auto supermarket Car King.

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Bitauto’s Lei Zhu resigns

Bitauto’s Lei Zhu resigns

Chinese auto information and transaction provider BitAuto (NYSE: BITA) has announced that Lei Zhu has resigned as CTO, effective immediately. Zhu will become the CEO of an automotive company focused on AI and IoT in the company's ecosystem.

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China’s first e-commerce law takes effect

China's first e-commerce law, which passed the Standing Committee of the National People's Congress in September, is set to take effect as of January 1. The 76-point document leaves a host of unanswered questions still pending, with particular confusion about how it will affect individual e-commerce operators. 

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