Stained by Fraud Scandal, Luckin Coffee Is Seeking a Path Out
The fraud scandal hasn’t knocked Luckin out of the ring: today, it remains China's second-largest coffee chain. How did Luckin survive the turmoil?
7/15/20218 min read
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China Dominates Tech IPOs on the U.S. Market in 2018
Throughout the first three quarters of 2018, Chinese tech companies far outnumbered U.S. companies in filing for IPOs on U.S. stock exchanges, according to an I...
Digital Asset Exchange ZB.com Halts Recharging and Withdrawals After Possible Hacking
ZB.com, a digital asset exchange that claims to be the world's most secure, has suddenly issued a notice saying that due to a technical failure it has stopped charging and withdrawal services, without mentioning any resumption time.
8/4/20222 min read
Huawei Denies 'Proposing to Invest in Royole Technology'
Huawei Group's statement in response to 'Huawei proposes to invest in Royole Technology' claims that this is a misunderstanding.
Li Auto Announces Completion of 100,000th Household Charging Pile
Chinese new energy vehicle manufacturer Li Auto announced on Friday that it has now installed more than 100,000 household charging piles.
3/25/20222 min read
Xiaomi President Wang Xiang: Average Smartphone Price to Rise
Wang Xiang, President of Xiaomi, said that the company would add more high-end technologies to smartphones and will strive to make quality mid-to-high-end products.
5/20/20222 min read
China’s Meituan Refutes Claims that it Charges Subscribing Members Higher Delivery Fees
China’s largest food-delivery site Meituan has refuted claims that it took advantage of subscribing members by hiking up delivery fees, blaming it on issues with its real-time location system
China Passenger Car Association: Retail Penetration Rate of New Energy Vehicles in November was 20.8%; Chinese Auto Brands Make Up Over One Third of Sales
On Wednesday, the China Passenger Car Association released an analysis of the national passenger car market in November 2021.
12/8/20214 min read
Xiaomi Eco-Chain Opens 2017 Data: Sales Up 100%
Xiaomi eco-chain released its 2017 annual data on December 29, demonstrating sales in excess of 20 billion yuan – up 100 percent from 2016. SEE ALSO: Mi 7 Conc...
Luckin Shareholders Oust Chairman Charles Zhengyao Lu
Luckin Coffee Inc.’s shareholders voted to dismiss its chairman Charles Zhengyao Lu, days after the board of directors failed to do so.
7/6/20201 min read
China Leads the AI Industry with Second Most AI Enterprises
Railway stations in Beijing, Shanghai, Nanchang and other cities adopted facial recognition systems that identify each passenger in three seconds. Shenzhen Rail...
BYD's Q3 Vehicle Sales Surpass Tesla
Chinese automaker BYD outsold Tesla by nearly 200,000 vehicles globally in the third quarter of 2022, according to the latest data released by the two companies.