Jiaxing Li, Author at Pandaily

China’s Bitcoin Miners Stumble amid Crypto Crackdown

From Inner Mongolia to Xinjiang and Yunnan, Chinese domestic Bitcoin miners have been expelled by ever tightening financial and environmental policies. Now that Sichuan is no more a haven, where to go?

Tesla’s Chinese Rival Xpeng Motors to list in Hong Kong

China’s electric car maker Xpeng Motors today got approval from the Hong Kong Stock Exchange for a dual primary listing and will launch an IPO, reported Reuters, citing sources with direct knowledge of the matter.

Hotpot Chain Haidilao’s Market Value Plunges 50% after Extensive Expansion

The stock price of China’s most popular hotpot chain Haidilao came to a low this week with the company's market value plunging over 50% after an extensive expansion during the Covid epidemic.

China’s E-commerce Giants See Record Highs During “618” Shopping Spree

Sales for China’s online shopping giants reached a new high in the mid-year “618” shopping extravaganza, with platforms adopting different approaches to attract consumers and boost sales.

JD-Backed Electronics Reseller Aihuishou Gains 23% in Nasdaq IPO

Shares of used electronics reseller Aihuishou surged 22.3% on the first day of trading, indicating investors' confidence in China’s secondhand devices market.

Short Video Platform Kuaishou Ramps Up Expansion in Brazil and Southeast Asia, Heating Up Competition with Rival TikTok

China’s second-largest short video app Kuaishou is investing extensively in Brazil and Southeast Asia to expand its overseas market, aiming to increase its share amid competition with TikTok.

China’s Fashion Unicorn Shein Accused of Copyright Infringement

Fashion brands including Dr. Martens' owner AirWair International and independent designers have accused e-commerce platform Shein of trademark infringements.

China Commences Testing for the Internet of Vehicles, Mapping Out a Driverless Future

China on Thursday initiated a new pilot program related to the Internet of Vehicles, focusing on data security and identity authentication, aiming to advance the safety of the next generation technology.

China Blocks the Search of Several Crypto-Related Keywords, Intensifying Crackdown

China’s twitter-like social media platform Weibo and search engine Baidu have blocked a series of crypto-related keywords, as the government continues putting pressure on the cryptocurrency market.

Chinese Automaker BYD Ships First Batch of Electric Cars to Norway

Chinese automaker BYD sent 100 of its "Tang" models to Norway on Monday, marking the first batch in the planned delivery of electric vehicles (EVs) to the European market.

Alibaba-backed online education giant Zuoyebang downsizes amid tightening policy control

Online education company Zuoyebang reportedly laid off employees and went so far as to cut entire departments due to China’s pressuring policy on the sector. The industry might face the biggest wave of layoffs during this business recession.

Huawei Invests in Lithography Machines, Ascending Chip Industrial Chain

Chinese tech giant Huawei is investing in lithography machines, one of the core equipments required in semiconductor manufacturing, in a bid to mitigate the ongoing global chip shortage.

China Issues Regulation of Sharing Economy Companies, Maintains Crackdown on Monopolies

The Chinese government warned on Thursday that companies involved in the sharing economy need to comply with regulation and price their services properly.

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