Pinduoduo Soars During a Rough Period for Chinese Stocks
Pinduoduo has been a lone bright spot in what has been a very difficult time for Chinese ADRs listed in the US.
8/6/20193 min read
Category: Industry
Showing 12 of 6361 posts in this category
Co-Founder of Chinese Private Tutoring Firm 51Talk Resigns
China Online Education Group, a digital education platform specializing in English teaching and also known as "51Talk," announced that Zhang Liming has tendered his resignation as the company's COO.
4/12/20223 min read
Samsung to Begin Layoffs in China, Affecting One Third of Employees
Samsung is facing an uphill battle in the Chinese smartphone sector and planning to downsize its Chinese offices to combat the increasingly intense competition.
11/4/20192 min read
Douyin's Content Product Manager Zhi Ying Transferred to TikTok
Zhi Ying, vice president and head of content products of Douyin and Xigua Video, has been transferred to TikTok, Douyin's sister app. She will be responsible for TikTok's products, content ecology and other businesses.
2/1/20232 min read
Autohome Reportedly Cuts Over 600 Staff
Autohome responded that the layoffs are a normal organizational adjustment and optimization, and that no more than 5% staff were reduced, refuting various online claims.
12/30/20213 min read
HeyTea Enters Healthy Soda Market With Spin-Off Brand
Chinese leading upscale tea chain HeyTea is marching into the realm of healthy ready-to-drink products with 3 fruit tea sodas.
7/14/20202 min read
Haidilao, the $12 Billion Hot Pot Chain Goes Public in Hong Kong
After submitting its prospectus in May, Haidilao International Holding Ltd. is finally going public on the Hong Kong Stock Exchange on Sept. 26. The company...
Starbucks Steps Up Efforts to Compete for China Market Share
Faced with pressure from competitors such as Luckin Coffee and Tims China, Starbucks, which has always been known for its reserved attitude towards China, has been changing its strategy for tackling the country's domestic market.
11/4/20224 min read
Buffett-Backed BYD Introduces Four Electric Vehicles Equipped with Blade Battery
Chinese automaker BYD launches four new electric vehicle models equipped with Blade Battery in Chongqing on Wednesday.
4/8/20214 min read
Walmart China Stores Are Connected to Meituan Delivery
On December 17th, Walmart China and Meituan announced a strategic partnership. All Walmart stores nationwide have fully launched on Meituan and are connected to Meituan's delivery service.
Meituan Dianping Q2 Revenue Surges 8.9% to $3.58B, Beats Estimates
Meituan Dianping reported a revenue of 24.72 billion yuan ($3.57 billion) in the second quarter of 2020, surpassing the 23.48 billion yuan average estimates.
8/24/20202 min read
Michael Yu Increases Shareholding in Koolearn
Michael Yu acquired another 1.429 million shares of Koolearn, an online education company under New Oriental Education, at an average price of HK $6.95 per share.
11/22/20212 min read