Alibaba Considers Selling Intime Retail in Strategic Shift
Alibaba Group is reportedly contemplating the sale of its retail subsidiary, Intime Retail, as part of a broader strategic reassessment.
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Olympic Champion Skier Eileen Gu Breaks New World Record
Eileen Gu, an Olympic champion in freestyle skiing, posted a training video to Chinese social media on December 21. In the video, the US-born Chinese athlete can be seen completing a switch 1260 tail grab, becoming the first female skier to successfully pull off this challenging stunt.
12/21/20222 min read
BYD Reportedly Sets 2023 Sales Target of 4 Million Vehicles
News emerged on January 3 that Wang Chuanfu, the chairman of Chinese automotive giant BYD, has set a goal of selling a total of 4 million vehicles in 2023. In response, BYD said that due to the continuing pandemic, it is difficult to set a precise sales target for this year.
Alibaba-backed Nice Tuan Issued 1.5 Million Yuan Fine and Suspension after Failing to Correct “Improper Pricing Behavior”
Chinese regulators imposed the maximum penalty of 1.5 million yuan ($235,257) on Alibaba-backed community group-buying platform Nice Tuan after the company failed to rectify product dumping and pricing fraud.
5/28/20214 min read
Yutong and SPIC Hydrogen Energy to Deliver 100 Hydrogen Energy Buses to Serve Beijing Winter Olympics
Thirty hydrogen fuel cell buses that were jointly developed by Yutong Group and SPIC Hydrogen Energy Co., Ltd. were officially delivered on Friday.
12/10/20212 min read
Could Amazon China’s Merger with Netease Kaola Pave the Way for a Comeback?
Earlier rumors leaked that global e-commerce behemoth Amazon may merge its China business with Netease Kaola, China’s second-largest cross-border e-commerce platform.
3/11/20195 min read
Keys to Becoming a Chinese Tech Unicorns: 4 Locations and 3 Companies
As of March 2018, there are 126 unicorn companies in China across 15 industries and 10 cities, with a total valuation of $625.3 billion, or about four trillion ...
4/13/20185 min read
Crypto Exchange FTX to Delist ANC, Suspend Deposits and Withdrawals of LUNC and USTC
Crypto derivatives exchange FTX said on September 5 that it will suspend deposits and withdrawals of Terra Classic (LUNC) and TerraClassicUSD (USTC), and delist Anchor Protocol (ANC) tokens, starting from September 12.
9/6/20222 min read
Ip Man 4: Do Kung-Fu Movies Need to be so Nationalistic?
Ip Man comes to America to find a school for his son, and witnesses a huge amount of racism. He uses martial arts to defeat the villains, and claims a victory for the Chinese martial art Wing Chun.
Chinese Firm SenseTime Postpones Hong Kong IPO in Wake of US Blacklisting
Chinese AI startup SenseTime announced at the Hong Kong Stock Exchange (HKEx) that its initial public offering (IPO) will be delayed.
12/13/20212 min read
CATL's Kirin Battery Begins Mass Production
Kirin battery, the ace technology of global battery giant CATL, has begun its mass-production. Zeekr, a premium electric automobile brand owned by Geely Automobile Holdings, will be the Kirin Battery's first global mass production model.
ECARX to Go Public in $3.82B Merger With COVA Acquisition
ECARX Holdings, Inc., a global mobility tech company, has entered into a merger agreement with COVA Acquisition Corp. and expects to be listed on the Nasdaq upon completion of the transaction.
5/27/20222 min read