Industry Archives

ChengXin YouXuan, Community Group Buying Platform Owned by Didi, Restarts Operations in Lanzhou

ChengXin YouXuan, a community group buying platform owned by Didi, has resumed its operations in Lanzhou, Gansu province.

Chinese Variety Store Miniso Apologizes for Early Marketing as Japanese Designer Brand

On August 18, Chinese variety store Miniso issued a statement in which it apologized for earlier marketing efforts that presented the company as a "Japanese designer brand."

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.

Embattled Luxury E-Commerce Platform Secoo Denies Desertion Reports

It was reported that the headquarters of Secoo, a luxury e-commerce platform based in the center of Beijing's business district and once filled with luxury goods, is now empty. Regarding the concerns, Secoo said such reports were not true.

Pinduoduo to Launch Cross-Border E-Commerce App in US Next Month

Pinduoduo, a Chinese agricultural-focused technology platform, is preparing a cross-border e-commerce app, expected to be released initially for the US market in mid-September.

Around 10 Tencent Products Now Halted for Several Months

In August, two apps operated by Shenzhen-based tech giant Tencent were officially shut down. Up until August this year, roughly 10 well-known products or applications have been officially given up by Tencent.

Great Wall Motor to Build Third-Generation Chip Module Base

Chinese automobile manufacturer Great Wall Motor announced on August 16 that it has signed a strategic cooperation contract with the Xishan Economic and Technological Development Zone in Jiangsu province.

CATL’s Battery Plant in Sichuan Stops Production Due to Power Brownouts

CATL's factory in Yibin, Sichuan Province, stopped production due to power brownouts, and the duration of power brownouts rationing lasted from August 15 to August 20.

Tencent Responds to Reports It Plans to Sell Stake in Meituan

In the afternoon of August 16, the Hong Kong shares of Chinese food delivery giant Meituan fell by 10% after it was reported that its shareholder Tencent is planning to sell all or most of its $24 billion shares.

HUYA 2022 Q2 Financial Analysis: User Expansion and Operational Optimization Drive Sustainable Development

Huya, a leading company in China’s live streaming industry known for its game and e-sports content, has announced its Second Quarter 2022 financial results on August 16.

QQ Music to Provide in-Car Dolby Atmos Music Services for NIO

QQ Music, a subsidiary of Tencent, announced on August 16 that it will provide in-car Dolby Atmos audio services for NIO. This means that QQ Music will become the first music platform in China to provide in-car Dolby Atmos sound to a partner car brand.

Chinese Variety Store Miniso Apologizes for Early Marketing as Japanese Designer Brand

Tencent’s Q2 Disclosure a Mixed Blessing, Hoping to Defy Gravity in Shaky Market

Embattled Luxury E-Commerce Platform Secoo Denies Desertion Reports

Pinduoduo to Launch Cross-Border E-Commerce App in US Next Month

Around 10 Tencent Products Now Halted for Several Months

Great Wall Motor to Build Third-Generation Chip Module Base

CATL’s Battery Plant in Sichuan Stops Production Due to Power Brownouts

Tencent Responds to Reports It Plans to Sell Stake in Meituan

HUYA 2022 Q2 Financial Analysis: User Expansion and Operational Optimization Drive Sustainable Development

QQ Music to Provide in-Car Dolby Atmos Music Services for NIO

Douyin E-Commerce Increases Investment in Online Mall and Brand Building

Yum China Applies for Dual Primary Listing in Hong Kong

Nreal to Return to China After Exploring Overseas Markets

Sequoia China Establishes Startup Accelerator Program YUÈ

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