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Alibaba is considering exiting non-core traditional brick-and-mortar retail businesses. However, given the current market conditions, it may take time to realize this exit.
Out of a total of 494 global unicorns, categorized by a valuation of over $1 billion, 206 were Chinese, compared to 203 from the United States, according to the latest Hurun Report on unicorn companies.
JD.com, China's e-commerce giant and retail infrastructure service provider, saw positive results from its second quarter of 2019, according to the newest earnings report released on Aug. 13.
Recently-listed short video company Kuaishou has confirmed on Feb. 8 that it will issue 100 shares to each eligible employee after the lunar Chinese New Year festival, according to Jiemian News.
Shanghai-based e-commerce giant Pinduoduo is exploring adding a live function to their platform to augment the social nature of their business model.
Xiaomi has obtained the qualification to independently manufacture cars, and the car logo has been changed from 'Beijing Xiaomi' to 'Xiaomi'.
Logistics platform GOGOX was officially listed on the main board of the Hong Kong Stock Exchange under the ticker symbol "2246" on Friday.
Running to the door to pick up the parcels three times in a row, the Chongqing-based high school English teacher from Canada could not stop praising the ultimate couch potato experience offered by China’s leading interactive e-commerce platform Pinduoduo.
ByteDance has initiated formal procedures for an initial public offering (IPO) in the Hong Kong Stock Exchange after submitting a letter with details regarding potential underwriters to trade authorities.
Tesla released an official video showcasing the capacity of its Giga Shanghai factory with footage of robots working on the production line with almost no human oversight.
Sunwoda, a leading developer of lithium-ion battery modules, announced that its subsidiary Sunwoda EVB plans to invest in the construction of a 30GWh power battery production facility.
Recently, ByteDance has made further adjustments to its salary and incentive policies. Many employees believe that this is actually a disguised 'pay cut'.