Xiaomi announced its official entry to the French market yesterday. This marks another milestone in Xiaomi’s expansion into the Western European market after it entered Spain last November.
Luckin Coffee, a rapid expanding Chinese coffee shop, released an open letter on Tuesday, accusing Starbucks of its monopoly causing unfair competition in the market and hindering their business development.
In mid-April, media reported that in a summit organized by the Chinese auto industry, a source disclosed that Tesla will establish a wholly-owned factory in China in 2018.
On April 28, Wang Xing, Chairman of Mobike and CEO at Meituan-Dianping together with Mobike founder Hu Weiwei announced the new organizational adjustment in an internal letter.
On April 16, Liu Qiangdong, Chairman and CEO of Jingdong Group, or better known as JD.com, came to Madrid, Spain, to attend the World Retail Conference (WRC). He is also publicizing JD’s Spanish website Joybuy.es that was just released for public testing on April 12.
The unprecedented rapid development of science and technology is accelerating the transformation of labor production and human life. Today, artificial intelligence is no longer a distant concept, but a gradually penetrating element into everyday life.
In half a year’s time, the craze for unmanned shelves has quietly passed, some enterprises left the industry while others turned these shelves into smart vending machines.
Beijing Capital International Airport (BCIA) is the first to implement facial recognition for security check in China. It is now being tested at Terminal 2 of the airport. The new security screening system will significantly reduce the amount of time for passengers to go through security checks.
“Now DJI is too popular,” says one of the investors involved in this round of DJI financing. DJI has recently released the bidding results for the initial round of its new round of financing.
China’s smartphone manufacturers Huawei, OPPO and Xiaomi recently launched their 2018 cost-effective flagship smartphones to compete in the world’s high-end smartphone market. Currently, Samsung and Apple occupy more than 60 percent of the high-end smartphone market.
On March 31st, YOUXIA Motors announced its completion of Series B financing at a press conference, revealing the company’s financing information for the first time since its establishment in 2013.
“I just saw the headlines saying that iQIYI has fought through bitter years, and I want to tell our friends at the press that it wasn’t bitter for us,” said a host from iQIYI Innovation Building in Beijing on March 29.
On the afternoon of March 25, Li Ying, executive director of the Digital China Federation, released the 2017 China IT Industry Development Report (hereinafter referred to as the report) at the 2018 China IT Leaders Summit in Shenzhen.
In the early hours of March 23, Beijing time, CNNMoney.com reported that a trade war between U.S. and China would be very bad news to some big U.S. companies.
According to CNET, a person close to the situation said that U.S. electronics retailer Best Buy has stopped selling Huawei smartphones.