Kwaixiaodian Orders Surpass 500M in August
Kuaishou’s e-commerce platform Kwaixiaodian announced on Sept. 16 that its e-commerce orders in August 2020 exceeded 500 million and its daily active users (DAU) surpassed 100 million.
9/18/20202 min read
Category: Industry
Showing 12 of 6361 posts in this category
Alibaba’s Tmall Global Ramps up Support for Foreign Brands Localizing in China
On Jan. 19, Alibaba Group’s cross-border B2C platform Tmall Global announced a new suite of solutions at the 2021 Tmall Global New Seller Virtual Summit to help global brands localize in China.
1/20/20213 min read
Chinese Food Delivery Platforms Meituan and Ele.me Interviewed by Market Regulators
The Hangzhou Municipal Market Supervision Bureau in eastern China's Zhejiang Province issued a notice on July 28 regarding recent reports of food safety problems with group purchasing and delivery services by Meituan merchants.
JD.com Founder Richard Liu Condemns Firm Executives in Email, Adhering to Low-Price Strategy
Richard Liu, the founder and former CEO of Chinese e-commerce giant JD.com, emphasized that low prices are the core competitiveness of the retail industry.
11/11/20223 min read
TikTok’s Rival Triller Lands Alliance with Local Streaming Giant JioSaavn
On Monday, short video platform Triller announced a new strategic partnership with JioSaavn, a music streaming platform owned by Reliance Industries Limited owned by Mukesh Ambani, India's richest man.
Home Appliance Manufacturer Hisense Inks Cooperation With EV Maker NIO
Qingdao-based home appliance manufacturer Hisense signed a strategic cooperation agreement on September 13 with NIO, a leading Chinese electric vehicle company.
9/15/20223 min read
Huawei Proprietary Chips to Return in H2 of This Year
Huawei will have a big move in the second half of the year. Its self-developed chips may start to emerge and chips named Ascend, Kunpeng, Tiangang and Balong will all return.
5/16/20232 min read
Finance Tech Firm Qudian Bets on Ready-to-Cook Meals
Luo Min, the founder and CEO of Qudian, a technology platform empowering the online consumer finance experience in China, said on July 18 that the company has begun to focus on ready-to-cook meals, and is winding down its financial credit business.
7/19/20223 min read
China Launches CERES-1 Y3 Carrier Rocket With Three Satellites
China launched its CERES-1 Y3 carrier rocket on August 9 from the Jiuquan Satellite Launch Center in the northwest of the country, sending two Jingtai 1 satellites and an East Sea 1 satellite into the planned orbit.
8/9/20222 min read
IDC Releases Top Ten Forecasts for China's Smart Cities in 2022
IDC released their top ten forecasts for China's smart cities in 2022 on Thursday.
1/6/20224 min read
NIO Releases BaaS Battery Rental Service, Takes Lead in Business Model Innovation
Chinese EV manufacturer NIO released the BaaS battery rental scheme on Aug. 20, including features such as separation of the car and electricity, battery rental, recharging, exchanging and upgrades.
8/21/20202 min read
Meituan Taxi Service Gives it Another Go on App Stores Amid Didi Investigation
Meituan Taxi app, which had been taken down from online stores two years previously, has now been relaunched.
7/12/20213 min read