2020 TOP 10 Chinese Mobile Apps in Overseas Markets
2020 has turned out to be an unpredictable year, but these 10 Chinese mobile apps have emerged successful in overseas markets, attracting new global users and hitting new DAU records.
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Starbucks China's Comparable Store Sales Falls by 29% in Fiscal Q1 2023
On February 2, American multinational coffeehouse and roastery chain, Starbucks, reported its financial results for its 13-week fiscal first quarter ended January 1. Its global comparable store sales increased by 5%, but comparable store sales in China decreased by 29%.
2/3/20233 min read
Taobao Releases 2022 Live-Streaming Incentive Plan
After live streaming host Viya was investigated for tax evasion, Taobao Live recently released its annual incentive plan for the year to support mid-tier and new hosts and to provide more cash incentives to producers.
1/19/20222 min read
Genki Forest to Complete a New Round of Financing Worth Nearly $200 Million Led by Temasek
Genki Forest is about to complete a new round of financing worth nearly $200 million, making its market valuation reach $15 billion.
11/2/20213 min read
JD Introduces 1.5 Million Reusable Express Packages
On April 22nd, JD Logistics announced that it will gradually introduce 1.5 million units of reusable express packaging and promote a shared recycling model for such packaging.
Alibaba Establishes Five Major Strategies for Taobao in 2023
Alibaba's management team announced five strategic focal areas for its e-commerce platform Taobao this year. These areas cover livestreaming, private domain traffic (turning casual users into dedicated ones), content, local retailers, and pricing power.
Luckin Coffee Plunges 75% As Private Investigation Reveals Falsified Accounts
An internal investigation by Luckin Coffee has revealed that hundreds of millions of dollars of sales in 2019 were “fabricated”, wiping almost 75 percent from the value of the company.
4/3/20202 min read
XPENG AEROHT's Flying Car Aims to Achieve Mass Production in Q4 2025
XPENG AEROHT flying car aims to start mass production in the fourth quarter of 2025, with assembly being handled by Guangdong XPeng.
"iSpace's Success Independent of Musk", Says Chief Designer Amid Rocket Recovery Technology Triumph
China's iSpace successfully tested its "Hyperbola-2" rocket, a milestone achieved independently of Elon Musk's SpaceX, according to chief designer Ji Haibo.
12/14/20231 min read
Ecovacs Releases Cleaning Robot Equipped with AI Chip and Voice Assistant YIKO
Leading auto cleaning robots supplier Ecovacs released a number of new products on Wednesday, including the Deebot X1, an AI intelligent voice assistant Yiko, and Airbot Z1, a multifunctional air purification robot.
9/16/20213 min read
LinkDoc to List on NASDAQ, Sets Sights on $1.5 Billion Market Value
LinkDoc Technology Limited, a Chinese medical technology company, updated its IPO application on July 6, planning to list on NASDAQ under the ticker symbol "LDOC".
7/7/20212 min read
SenseTime Reaches Strategic Cooperation With GAC Group
SenseTime, an artificial intelligence software company, announced on July 26 that it has reached a strategic cooperation agreement with GAC Group.
7/26/20222 min read