Cross-border Archives - Page 3 of 37

HP Responds to the Cancellation of Its Shanghai Company and Denies Transferring the Supply Chain

HP responded that the cancellation of Hewlett-Packard Technology (Shanghai) Co., Ltd. will not have any impact on the normal operation of its other two companies in Shanghai, and denied the claim of transferring production chains.

Temu Introduces Semi-Hosted Model for Improved Merchant Operations

Pinduoduo's cross-border e-commerce platform, Temu, is set to introduce a semi-hosted model, targeting sellers who possess overseas warehouses and local dispatch capabilities.

Temu Officially Launches Its South African Site

On January 17th, Temu, a cross-border e-commerce platform under Pinduoduo, officially launched its South Africa site. This is also the 49th country that Temu has entered since its launch in September last year.

Alibaba’s Logistics Arm Cainiao Launches Parcel Forwarding Services in the US

Cainiao, Alibaba's logistics service, announced today its formal entry into the United States parcel forwarding market, providing e-commerce parcel consolidation services for Chinese communities and student groups across the US.

Amazon China Announces A Revision

Amazon China announces a revision: starting from December 28th, new Prime membership registration will no longer be available, and desktop services will be discontinued on January 27th, 2024.

The First Battery Pack of the SVOLT Thailand Factory Has Been Successfully Produced

On December 20th, SVOLT held the first battery pack offline ceremony in Sriracha Chonburi, Thailand.

SHEIN Covertly Files for US IPO, Valuation Could Surpass $80 Billion

Chinese fast-fashion e-commerce platform, Shein, has reportedly submitted an application to the U.S. Securities and Exchange Commission in secret, to prepare for a U.S. listing. It will be one of the largest IPOs in the U.S. securities market in recent years.

CATL Will Supply Stellantis and Is Exploring the Construction of A Joint Venture Factory

On November 21st, CATL announced that it has signed a strategic MOU with Stellantis Group to supply lithium iron phosphate batteries to the group in Europe.

Temu Surpasses Quarterly GMV of $5 Billion, Potentially Exceeding Annual Targets

Based on its performance in the first nine months of the year, with the arrival of "Black Friday" and Christmas, Temu may well exceed its annual GMV target of $15 billion.

Pony.ai Receives $100 Million Investment from Saudi Arabia’s NEOM

Pony.ai has received a $100 million investment from NIF. The two parties will also establish a joint venture in NEOM to produce and operate autonomous taxis.

Didi Signs Cooperation Agreement with Brazilian Partner

During the 3rd Belt and Road Summit, Didi, together with its Brazilian partner, signed a cooperation agreement in the fields of green transportation and digital payment.

BYD and Uzbekistan Sign An Agreement for A Joint Venture to Produce Electric and Hybrid Vehicles

BYD will establish a joint venture with Uzavtosanoat JSC to set up the "BYD Uzbekistan Factory" for the production of electric vehicles and hybrid electric vehicles.

Tesla Cuts Underbody Costs 40% with New Die-Casting Tech

Tesla's Shanghai factory has adopted integrated die-casting technology to achieve rapid molding, reducing the cost of automotive underbody by 40%.

PDD Expands to Chile and Philippines Amid Warehousing Challenges

PDD expands to Chile and the Philippines, grapples with warehousing and logistics hurdles.

SHEIN Invests in Forever 21’s Parent Company, Expands Offline Presence

SHEIN invests in Forever 21's parent company, embarking on new attempts: e-commerce platform and offline experiments.

Stellantis Considers Collaboration with Chinese Electric Car Companies, Including Leapmotor

Stellantis NV, the second largest car manufacturer in Europe, is considering partnering with a Chinese electric vehicle company including Leapmotor to enhance its influence in China, the world's largest automotive market.

Tesla: No Factory Plans Despite Grace Tao’s Shenyang Visit

Tesla's response to Grace Tao's visit to Shenyang: No plans for building a factory, it is a normal friendly exchange.

Faraday Future’s China Headquarters Will Be Located in Huanggang

Fafa Automobile (Hubei) Co., Ltd. was established with Wang Zhigang as the legal representative. Faraday Future plans to relocate its FF China headquarters to Huanggang while retaining its global headquarters in Los Angeles, California.

Changan Auto Applies to Build A Factory in Thailand

On August 16th, the Thailand Board of Investment announced that Changan has applied to build an electric vehicle and hybrid vehicle factory in Thailand.

LinkedIn Workplace Halts Services in China Starting Today

LinkedIn Workplace will cease its services in China starting today.

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