SHEIN's GMV Soared to $16B in H1 2022
In the first half of 2022, the sales of cross-border e-commerce platform SHEIN exceeded $16 billion, with a year-on-year growth rate of over 50%.
9/5/20223 min read
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Meizu Unveils Three New Budget Smartphones Starting at $117
Meizu unveiled three budget smartphones on September 19 at its Beijing product launch event, namely the Meizu 16X, Meizu V8 (M8), and Meizu X8. The three mid- t...
Bitcoin Mining Giant Canaan Completes US IPO
It is reported that Canaan has set the issuing price at the lower end of the price range, raising a total of $90 million.
China's Mengtian Space Lab Module Successfully Launched
At 15:37 on October 31, Beijing time, a Long March 5B rocket carrying the Mengtian lab module was ignited and launched from the Wenchang Space Launch Center in China's southern island province of Hainan.
10/31/20223 min read
"Chinese Nvidia" Xiangdixian Responds to Dissolution Rumors: Currently Undergoing Workforce Optimization
Xiangdixian acknowledged that they are indeed "facing certain market adjustment pressures," but emphasized that they had not taken steps toward dissolution or liquidation.
Didi to Vote on Delisting of U.S. Stocks on May 23
Didi Global, a leading ride-hailing platform in China, announced on April 16 that it will hold a special shareholders meeting at 19:00 on May 23 to vote on a voluntary delisting from the New York Stock Exchange (NYSE).
PAG Invests in Boutique Coffee Brand %Arabica
PAG has completed investment in Chinese gourmet coffee brand %Arabica, becoming a major shareholder of the firm.
3/29/20222 min read
SHEIN Returns to India After 5 Years, with Reliance Taking Responsibility for Local Operations
Fast fashion e-commerce SHEIN has returned to the Indian market after five years, with its operations in India now fully managed by NextGen Fast Fashion, a subsidiary of Reliance, under a licensing agreement.
2/6/20251 min read
Xiaomi Flagship Opens in Shenzhen as White MIX2 Arrives Early
The world's first Xiaomi flagship store opened on November 5 in Mixc Shopping Mall, Shenzhen. Lei Jun, founder and chairman of Xiaomi, was present at the ceremo...
CATL Launched World's Largest Single Project for Lithium Battery Production with a Planned Capacity of 120GWhv
On Tuesday, the Fuding CATL Lithium-ion Battery Production Base Phase I Project in Fuding City, Ningde, Fujian Province, put into operation Plant No. 2 and started construction of Plant No. 4.
12/22/20212 min read
Tencent to Merge Douyu and Huya to Compete with Bilibili and Kuaishou
Tencent is planning to consolidate Huya and Douyu, the two biggest gaming-focused live-streaming platforms in China.
8/6/20203 min read
Blockchain differences between Chinese cities
A city is not only a division of geographical location, but also a competitive entity for new technology. When a new technology emerges, there will be local ado...