Pinduoduo Leads Farm-to-Table Movement in China
One of China’s leading interactive e-commerce platforms Pinduoduo (PDD) has capitalized on new opportunities to source fresh farm produce and deliver it to consumers.
3/1/20213 min read
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TikTok Launches E-Commerce Services for US Users in October
TikTok officially launched e-commerce services in the United States, and starting in early October, all American users will be able to see the entrance on the homepage.
9/13/20233 min read
2018 Report on Live-streaming: More Than RMB 10 Billion Raised
In the first half of 2018, eight live-streaming platforms in China raised approximately 10 billion yuan (US$11.6 billion). Among them, leading platforms HUYA In...
7/2/20183 min read
Kuaishou Adjusts Employee Benefits Scheme to Achieve Better Work-Life Balance
Kuaishou, a Chinese short video platform, announced on Thursday an adjustment of its employee benefits through an internal letter.
Coca-Cola and Tencent Music's TMELAND Create Metaverse Zone for Fans
TMELAND, the first virtual social music platform under Tencent Music Entertainment, opened a new metaverse zone for fans on October 24 during the Coca-Cola Fan Festival through WeChat mini programs in China.
10/26/20222 min read
Foreign Professional Athletes May be Permitted to Enter China, but the Future of Chinese Super League Remains Unclear
Foreign football players working for CSL teams strive to return to China, though, CSL's reopen is far away.
McDonald's Aims to Expand to 10,000 Stores in China by 2028
As of December 31, 2023, McDonald's China had 5,903 stores, with 925 new stores added throughout the year, achieving the annual target of adding 900 stores, setting a new record in store opening speed.
2/7/20243 min read
Soul Announces the Suspension of Its US IPO, Saying the Possibility of Other Capital Operations
Soul, a social platform, issued a statement this afternoon saying they have received the possibility of other capital operations, and announced the suspension of its US IPO. Tencent, the majority shareholder, also supports the decision. The company is currently in normal operation.
6/23/20212 min read
Geely-backed Caocao Mobility Changes Legal Representative
Hangzhou Youxing Technology Co., Ltd., the parent company of Caocao Mobility, has recently completed a change in legal representation. As a result, Liu Jinliang will no longer serve as its legal representative.
12/16/20212 min read
SK Innovation Invests $2.5 Billion in Building EV Battery Plant in China
South Korea's SK Innovation Co., Ltd. plans to invest $2.53 billion in building a new factory for producing electric vehicle (EV) batteries.
11/5/20212 min read
Faraday Future Completes Bridge Financing to Push Forward Production of Its All-Electric FF91 Luxury Vehicle
Faraday Future (FF) announced on Oct. 14 that it has completed the expansion and extension of its senior bridge financing facility, which was put in place in 2019 to support completion and launch of its flagship FF 91 EV.
10/15/20202 min read
Huawei First Pure Electric Coupe with HarmonyOS 4 to Launch This Quarter
Huawei's first pure electric coupe, the Huawei Smart Selection Car, made its debut: equipped with HarmonyOS 4 car system, to be released this quarter.
8/11/20232 min read