Meituan-Dianping’s quarterly revenue reached 27.5 billion yuan ($3.9 billion), while the total transaction amount increased by 33.6% year-on-year to 194.6 billion yuan ($27.5 billion).
On November 25, Faraday Future headquarters will hold a creditors meeting to discuss the bankruptcy reorganization proposal put forth by the former CEO of the company, Jia Yueting.
The prominent American startup accelerator Y Combinator has abruptly folded its plans to open a Chinese subbranch YC China.
As the number of urban factory workers in Fujian is dwindling, having fallen 22% between 2012 and 2016, the region is faced by the daunting challenge of repositioning itself on the industry specialization spectrum.
On the morning of November 19, in the heart of Beijing’s Central Business District, Lei Jun, CEO of Xiaomi, was greeting guests at the company’s annual developer conference.
Huawei’s highly anticipated folding screen flagship, the Mate X, was officially released at 10:08am on November 15 priced at 16,999 yuan.
Luckin Coffee released their third quarter 2019 earnings report indicating a 540.2% year-on-year revenue growth with 1.5 billion yuan.
Chinese internet conglomerate Alibaba Group announced on November 15 the launch of its long-awaited Hong Kong public offering.
Chinese EV upstart Xpeng Motors announced on November 13 the signing of a Series C capital funding of $400 million from a group of strategic and institutional investors.
With no possibility of reorganization and reconciliation, Chinese vaccine maker, Changsheng Bio-technology has declared bankruptcy.
On November 8, Alibaba Group announced an additional investment of roughly $3.3 billion to increase its equity stake in the logistics company Cainiao they launched in 2013.
Amidst the ongoing WeWork IPO debacle, hardly any other co-working space operator would dare to dream about a public listing.
On November 8, Didi decided to implement the same curfew for both male and female passengers, banning both from ride-hailing on Hitch after 8pm.
According to Chinese media reports, internet giant Alibaba is ready to start pre-IPO roadshows in Hong Kong next week.
Baofeng Group is requested to appoint relevant senior management personnel as soon as possible to ensure the stable operation and the timely performance of information disclosure obligations.