Ant Group Refunds $2.8T to Shanghai Investors after IPO Suspension
Ant Group on the evening of Nov. 5, Beijing local time, announced to officially start to refund the $2.8 trillion on Nov. 6 to Shanghai investors
Category: Industry
Showing 12 of 6361 posts in this category
Meituan Expects More Red Ink in 2021 Following Expansion of Community Group Buying Business
Chinese food delivery platform Meituan reported better-than-expected fourth quarter and full year revenues but warned that continued investment in its community group buying business would likely lead to losses in future quarters.
3/29/20213 min read
Luckin Coffee Updates $510 Million U.S. IPO
Luckin Coffee, the Starbucks challenger in China, is seeking to raise up to $510 million in the U.S. initial public offering (IPO).
5/7/20191 min read
Canalys: Apple Back on Top in Global Wearable Wristband Market, Followed by Xiaomi and Huawei
The latest data from tech analysis firm Canalys shows that in the third quarter of 2021, the global shipment of wearable wristband devices reached 47.82 million units, down 11% year-on-year.
11/26/20212 min read
Starbucks to Expand Footprint in China by Adding 600 Stores by 2021
Starbucks is planning to open 600 new stores in China next year, thus operating 6,000 stores across 230 cities by the end of 2022.
12/11/20203 min read
Chinese Discount Retailer Vipshop in Hot Water After Being Accused of Selling Fake Gucci Belts
Chinese online discount retailer Vipshop has refuted claims that it is selling counterfeit items on its platform, citing an authentication report from a government-backed enterprise as proof.
Chinese Commercial Rocket Firm Galactic Energy Completes Financing of 1.27 Billion Yuan
Galactic Energy, a Chinese private space launch firm, announced Sunday that it had completed its Series B and B+ rounds of financing totaling 1.27 billion yuan ($200.6 billion).
1/24/20222 min read
TikTok Investigated Over Children's Data Privacy
UK regulators are investigating ByteDance's short video application TikTok on how they handle the personal data collected from younger users, and whether it prioritizes the safety of children on its social network.
7/3/20192 min read
OPPO Shipped Over 100 Million Smartphones With Super VOOC Flash Charge
OPPO held a “Super VOOC Flash Charge Day” on Nov. 6 in Shanghai, in celebration of shipping over 100 million smartphone devices equipped with its VOOC Flash Cha...
11/7/20182 min read
Xiaomi Ranks Fourth Again: Shipments up 96.9% Year-on-Year
Well-known market research firm IDC released its Q4 2017 global handset shipments report on February 1. The document shows Apple surpassed Samsung as the world'...
In China, You Can Go to College to Become a Social Media Influencer
From China's e-commerce hub Hangzhou, to the inland agricultural base of Henan Province, and even in far-off Tibet, vocational colleges across China are training young people to become professional influencers.
1/11/202211 min read
Xiaomi to Launch Redmi 5 and 5 Plus in India for V-Day
Xiaomi surpassed Samsung as the largest smartphone brand in India in January and announced a product release conference in New Delhi on February 14. SEE ALSO: ...