Pinduoduo Posts Q3 Results, Signals Sustainable Growth as Spending Shifts from Marketing to R&D
Pinduoduo appears to be forging a path to sustainable growth after garnering more than 800 million customers in record time.
11/26/20212 min read
Category: Industry
Showing 12 of 6361 posts in this category
Chinese Genomics Researcher Yunlong Cao Named in Nature's 10 List
Nature, one of the world's top science journals, released its "Nature's 10" list of 2022 on December 14. Chinese genomics researcher Yunlong (Richard) Cao was named in the list. He helped track the evolution of the novel coronavirus and predicted some mutations that led to a new variant.
12/15/20224 min read
Faraday Future Founder Files for Bankruptcy, Plans to Return to China to Promote Company Development
Faraday Future announced that in order to solve the problem of personal debt, the founder and CPUO of the company, Jia Yuetin, applied for personal bankruptcy restructuring (Chapter 11) in the United States.
10/14/20192 min read
Cleared for Take Off: Cargo Airline Backed by JD.com Founder Receives Regulatory Approval
China’s top regulatory body gave the green light on Tuesday for the establishment of Jiangsu Jingdong Cargo Airlines, a new enterprise whose chief investor is led by founder of domestic e-commerce giant JD.com.
DiDi to Start Trial Relaunch of P2P Ride-Hailing Service in China
Didi Chuxing announced on November 6 a trial relaunch of Hitch , its P2P ride-sharing service in seven major Chinese cities, at the end of November 2019.
11/6/20192 min read
Arm's Joint Venture with China: Best News Since ZTE Ban
Since the start of the China-U.S. trade war, the United States has repeatedly attacked China's weaknesses, letting more and more Chinese realize the importance ...
Xiaomi Auto Announces Map Generation Patent
A subsidiary of Chinese consumer electronics giant Xiaomi released on July 26 a patent entitled "Map Generation Method, Device, Controller, Server, Storage Medium and Vehicle."
7/29/20222 min read
Luckin Coffee Files For U.S. IPO with Total Financing of $100 Million
On April 23, Luckin Coffee, the Chinese Starbucks challenger, filed for official IPO to the U.S. Security Exchange Commission, with the ticker symbol 'LK'.
4/23/20193 min read
Tencent's Q2 Disclosure a Mixed Blessing, Hoping to Defy Gravity in Shaky Market
Chinese internet giant Tencent logged its first-ever quarterly revenue fall along with declining net profit for the fourth consecutive quarter, according to its second-quarter 2022 results released on August 17.
China's Smartphone Manufacturers Launch New Models into the High-end Market
China's smartphone manufacturers Huawei, OPPO and Xiaomi recently launched their 2018 cost-effective flagship smartphones to compete in the world's high-end sma...
Chip IP Company Imagination Lays Off 20%, Involving the Chinese Market
Affected by global macroeconomic factors, UK GPU chip design technology company Imagination plans to lay off 20% of its workforce worldwide.
Huawei Rotating CEO elaborates on earnings report and shares views on 5G, digitization and AI
On March 30, Huawei officially released its 2017 annual report. The report shows that the Huawei's operator business achieved 297.8 billion yuan ($46.6 billion)...