President Biden Reviews US-China Relations and Huawei Dispute
White House Press Secretary Jen Psaki made a debut announcement on President Biden’s take on the Sino-American relationship and Huawei Dispute.
1/27/20213 min read
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Li Auto's Q1 Revenue Increases by Nearly 100% YoY, Delivery Target of 30,000 EVs Set for June
Chinese electric vehicle manufacturer, Li Auto, released its Q1 financial report on May 10th. The report revealed a revenue of 18.79 billion yuan ($2.71 billion) for the quarter, indicating an increase of 96.5% year-on-year and 6.4% compared to the previous quarter.
Cisco's Global Layoffs Impact China Division: Nearly 300 Employees Affected in Dalian
After the American telecommunications giant Cisco announced its global layoff plan in August, the China division has begun implementation. The Dalian branch has issued a formal layoff notice affecting nearly 300 full-time employees.
Smart #1 BRABUS Performance Edition to Be Released on August 26
On August 15, Smart, a new energy vehicle brand jointly established by Mercedes-Benz and Geely, released many pictures of the new Smart #1 BRABUS Performance Edition. The car will be unveiled at the 25th Chengdu Motor Show on August 26.
8/15/20222 min read
Newsletter: JD.com CEO Arrested for Alleged Sexual Assault in the U.S.
Here are the hot trending topics in China last week. Editor's Pick My Story of Renting a Place in Beijing Renting an apartment is like being in a relat...
9/7/20182 min read
BYD Denza D9 MPV Model Enters the Indonesian Market
On January 25th, the Denza D9 by BYD was officially launched in Indonesia, with a starting price of 950 million Indonesian Rupiah for the battery electric model.
China's World of Online Professional Networking Amid LinkedIn's Retreat
As the sun lowers on the company’s full operations in the country, a window of opportunity is now opening for domestic competitors.
10/29/20216 min read
Starbucks Teams up With Alibaba for Smarter Coffee Delivery
Starbucks took another step toward evolving the digital customer experience for customers in China by cooperating with Alibaba and launching a smart speaker capable of ordering coffee delivery by voice.
9/18/20192 min read
XPeng Motors and Volkswagen Sign A Strategic Cooperation Agreement on EEA
On April 17th, XPeng Motors and Volkswagen Group officially signed the EEA Strategic Cooperation Framework Agreement. The official referred to it as a new milestone in the strategic cooperation between the two parties.
4/18/20242 min read
“Traitor” and “Evil Capitalist” Allegations Fuel a Perfect Storm for Didi
Besides heightened regulatory pressure from authorities, an increasingly shrill blend of nationalist and anti-capitalist sentiment among Chinese netizens has also acted as a catalyst for Didi’s turmoil, creating an unprecedented scenario on social media.
7/28/20215 min read
Overseas Livestreaming Drives Huya Parent JOYY’s First Quarter Revenue Growth
Video-based social media platform JOYY reported strong growth in the first quarter of 2020 as the company further pushes its overseas live-streaming apps.
5/21/20203 min read
Web3 Infrastructure Startup Mysten Labs Secures Financing From Top Crypto Names
Mysten Labs, a Web3 infrastructure company and developer of the Sui Layer 1 blockchain, announced its completion of a $300 million Series B funding round on September 8. This fresh capital values the company at more than $2 billion.
9/9/20222 min read