E-Commerce Giant Pinduoduo Launches New Services To Diversify Its Business
Pinduoduo, China’s third largest e-commerce platform is making efforts to diversify its business by launching new services.
4/15/20202 min read
Category: Industry
Showing 12 of 6422 posts in this category
Scholars From Tsinghua University Developed “BINAS”, an Integrative, Independent-use Kit to Test for Coronavirus
During the early stage of the COVID-19 pandemic, scholars from Tsinghua University developed an integrative kit for quick coronavirus test.
6/29/20203 min read
Luckin Coffee Issues Official Apology Regarding Alleged Fraud
Luckin Coffee issued an official apology statement on Weibo regarding the recent fraud allegations that saw the company’s stock dip nearly 80%.
4/7/20202 min read
NetEase Cloud Music Car Version Is Available on BYD DiLink App Market
On April 27th, BYD announced that the NetEase Cloud Music car version has been launched on the BYD DiLink application market.
Xiaomi Ships 60 Million Smartphones in the First Half of 2019
Xiaomi Group released their financial report for the first half of 2019 and the results beat estimates. Total revenue increased by 20.2% reaching 95.71 billion yuan. Overseas business revenue amounted to 38.6 billion yuan, accounting for more than 40% of total revenue.
Chinese shared parking startup Airparking receives millions in RMB of Pre-A Round
Chinese shared parking startup Airparking announced the recent completion of their Pre-Series A round financing worth about millions in RMB. This was an exclusi...
7/17/20173 min read
JD.com Plans Subsidy Campaign against Pinduoduo
Chinese e-commerce giant JD.com will launch a 10 billion yuan ($1.5 billion) subsidy campaign on March 8 to compete against rival Pinduoduo, a budget shopping app by PDD Holdings.
2/21/20234 min read
Tmall to Open 1000 New Beauty Stores in 2019
Tmall, an online retail website owned by Alibaba, announced today that it expects 1000 new international and domestic cosmetics brands to join the Tmall platform this year in order to meet the demands of Chinese consumers.
3/4/20192 min read
Niu Technologies to Launch Two-Wheeled EV With Sodium-Ion Batteries in 2023
Li Yan, the CEO of smart urban mobility solutions provider Niu Technologies, has said that the company plans to launch its first two-wheeled electric vehicle equipped with sodium-ion batteries in 2023.
8/8/20223 min read
Education Authority in Beijing Determines 51Talk Violated Legal Holiday Regulations
Chinese online education institution 51talk has been asked to carry out rectifications, the education commission for the country's capital city of Beijing said in a statement on Wednesday.
ByteDance's News Aggregator Jinri Toutiao Appoints New CEO
Zhang Yiming stepped down as the CEO of his company's flagship platform Jinri Toutiao, a news aggregator, but kept his title as CEO of the parent company ByteDa...
Huawei Generated $27 Billion Revenue in Q1 2019
In Q1 of this year, Huawei generated CNY179.7 billion ($27 Billion) in revenue, a 39 percent year-on-year growth.