Ofo to Lay Off 70% of U.S. Workforce and Shut Down Operations in Multiple U.S. Cities
The Chinese bike-sharing startup ofo confirmed with Quartz that the company is laying off employees in its North American marketing, communications, and enginee...
Category: Cross-border
Showing 12 of 742 posts in this category
Google Play Takes Down 45 Apps by Android App Giant Cheetah Mobile
Google's move is part of a broader plan to crack down on ad fraud, where advertising displays are too aggressive thus impairing user experiences.
2/25/20202 min read
Bonjour Paris! Xiaomi Officially Enters France with its First Store Now Open in Paris
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...
Tims China to Develop and Subfranchise Popeyes in China and Macau
On February 9, TH International, the exclusive operator of Tim Hortons coffee shops in China (Tims China) announced that its board of directors had approved an agreement to develop Popeyes, the fried chicken chain, in mainland China and Macau.
2/13/20233 min read
Four Chinese Companies List on SIX Swiss Exchange
On July 28, four Chinese companies, including battery firms Gotion High-Tech and Ningbo Shanshan, electronic waste recycling firm GEM, and building materials machinery manufacturer Keda Industrial were officially listed to the SIX Swiss Exchange.
7/29/20224 min read
JD.com Closes Down Australia Office Just Over a Year After Opening
China's second largest e-commerce company JD.com quietly closed down its office in Melbourne after a little over a year of operation, putting the company's CEO Liu Qiangdong's ambitious expansion plans into the southern hemisphere on hold.
5/9/20192 min read
DiDi and SoftBank Establish Partnership in Japan to Provide Platform Services for Taxi Industry
Didi Chuxing, the China’s leading mobile transportation platform, and SoftBank Corp. (“SoftBank”) today announced the establishment of a partnership to provide ...
2/9/20182 min read
Will Chinese EV Makers Follow Tesla's Lead in Raising Prices?
On May 2nd, Tesla's website displayed a global price increase for its electric vehicles. This comes after multiple price cuts earlier this year. The starting prices of Model 3 and Model Y have both risen by 2,000 yuan ($289) in China.
Working with Xiaomi: Oculus to Release VR Devices in China
Facebook has just taken a big step forward in VR. Oculus, its VR company, announced on Monday it would launch a VR device in China through a partnership with Xi...
Luxshare Precision Denies That Apple Cut Orders
News that Apple will cut manufacturing orders caused its major Chinese supplier Luxshare Precision's stock price to fall on Wednesday. However, Luxshare clarified the situation in its latest announcement on Thursday morning.
Huawei Granted 90-day License Extension by US Department of Commerce
US Commerce Secretary Wilbur Ross confirmed in a recent interview that Huawei’s “temporary general license” which was due to expire on Monday August 19, will be extended for another 90 days.
Baidu and Intel Launch Joint AI and 5G Innovation Lab to Integrate 5G Networks into AI Applications
Baidu and Intel co-launched an AI and 5G Mobile Edge Computing (MEC) innovation lab at Intel's 5G Network Summit in Beijing. The joint venture aims to explore c...