Market Archives - Pandaily

Chinese Residents Flock to Health Apps in Bid to Obtain COVID-19 Meds

Recent weeks have seen soaring COVID-19 cases across China, pushing many people to various domestic health platforms in an attempt to purchase coveted antiviral medication and fever-reduction pills.

Can Elon Musk Really Make Twitter Look Like WeChat?

Musk's dream of turning Twitter into a 'super-app' like China's WeChat will be an uphill battle.

Official Chinese Media Says Emerging Form of Role-Playing Promotes Violence, Causes Concern

The role-playing murder mystery games have been popular in China recently, and businesses providing such games and other "escape" activities are now a favorite among urban young people.

The Extraordinary Rise of China’s Pet Industry

The death of a golden retriever named Siri was trending top on Chinese social media for days, arousing public concerns over pet-related services once again.

Canalys: China’s Expenditure on Cloud Services Reached $6 billion in the First Quarter of 2021

According to data made available by Canalys on June 23, the expenditure on cloud infrastructure services in the Chinese market grew by 55% in the first quarter of 2021, reaching $6 billion.

Short Video Platform Kuaishou Ramps Up Expansion in Brazil and Southeast Asia, Heating Up Competition with Rival TikTok

China’s second-largest short video app Kuaishou is investing extensively in Brazil and Southeast Asia to expand its overseas market, aiming to increase its share amid competition with TikTok.

Bubble Tea Chain Nayuki Obtains Go-Ahead for $500 Million Hong Kong IPO

Premium bubble tea chain Nayuki Holdings passed a hearing for its initial public offering on the Hong Kong Stock Exchange, becoming the first publicly-listed Chinese high-end beverage brand.

Two Days after Releasing its Beta Version, Alibaba Cloud Drive Soars in Popularity

After 12 years of research on intelligent storage and global cloud network technology, Alibaba Cloud officially launched its first personal cloud product.

Genki Forest Enters Coffee Market to Become the Biggest Shareholder of Never Coffee

Leading bottled beverage brand Genki Forest has become the biggest shareholder of Never Coffee, now representing 51% ownership in the specialty coffee and e-commerce platform.

Changsha Milk Tea Brand Faces Backfire from Sexist Advertising

Trending milk tea chain Chayan Yuese (茶颜悦色) has fallen under harsh criticism recently in response to its use of sexist jokes in advertising campaigns.

PDD Reveals the Top-Selling Products Amid Chinese Lunar New Year

According to PDD, total sales volume has surged 81% year-on-year. For Generation-Z and millennial users, fitness kits, pet wear, and books came to the top on the holiday best-selling list.

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