MIT-educated Philip Kuai, founder of delivery firm Dada Nexus, is the latest young Chinese tech entrepreneur to retire

Kuai, who else received a master’s degree in logistics engineering from Ma Institute of Technology, resigned from Dada in favour of ‘personal pursuits’. Dada vice-president Shaun He Huijian can be president and control daily operational management, according to a company statement. Go through full story Continue Reading

‘Rich and wilful’ mystery man, irritated after family dispute, pays Chinese cabby US,700 to jump red lights and ‘leave scene quickly’

Mystery man hails taxi then starts moving large sums through QR code to driver and demanding he drive via red lights. Once the driver refused the man became agitated and violent before running as the cabby pulled up next to an additional taxi and searched for help. Read full story Continue Reading