Sports Tech Firm Keep Applies for Hong Kong IPO
Sports technology company Keep submitted its application on February 25 for a public listing in Hong Kong, with Goldman Sachs and CICC serving as co-sponsors.
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Tesla Discloses Shanghai Production Plan for Spring Festival
Tesla's Shanghai Gigafactory will reportedly suspend production from January 20-31, longer than China's national Spring Festival holiday from January 21-27. The EV maker responded that most employees at the factory will have a holiday from January 20 to 28.
12/29/20223 min read
Not a Fail: A Pivot in Localization Strategy is Behind McDonald’s Chinese Burger and KFC’s Hot-dry Noodles
Customers in China craving a Big Mac at McDonald’s today might have to do a double take at the menu to make sure they’re at the right place.
2/18/202110 min read
TikTok Suspends New Content in Russia Following "Fake News" Law
Influenced by the latest "fake news" law passed by the Russian government, TikTok has decided to suspend new video content and livestreaming services in the country.
Pinduoduo's Market Value Surpasses Alibaba Again, Chairman Chen Lei Welcomes "Healthy Competition from Rivals"
"Facing such a trend, we saw that our peers significantly increased their efforts in the first quarter, and Pinduoduo welcomes healthy competition," Chen Lei said.
5/23/20243 min read
BYD Surpasses Volkswagen to Place Third in Global Auto Rankings by Market Value
Company Market Cap's list of automakers showed on Tuesday that Tesla ranks first in terms of total value, followed by Toyota, and that BYD has surpassed Volkswagen to take third place.
6/7/20222 min read
Beijing Releases "14th Five-Year Plan" for Development of Chinese Robotics Industry
China’s Ministry of Industry and Information Technology and other fourteen government departments recently issued a document to guide the development of the country's robotics industry during the "14th Five-Year Plan" period.
Pinduoduo Doubled Value of Agriculture Business in 2020
Chinese e-commerce giant Pinduoduo (PDD) in 2020 reportedly doubled the gross merchandise value (GMV) of its agricultural sector dealings, exceeding the company’s previous estimate of 250 billion yuan.
3/3/20212 min read
Huawei Honor Ranks First in Market Share in Russia
“On the way to the airport, I took two photos of the Red Square to congratulate Honor's No. 1 sales in Russia. Honor is now the most welcomed brand among young Russians.
Oppo Launches Flash Charging Project at Mobile World Congress
On Feb. 23, leading smart device company OPPO introduced its flash charging project, the Flash Initiative, at Mobile World Congress, Shanghai (MWCS).
OPPO Find N3 Flip Foldable Phone Will Be Released Globally on October 12th
OPPO's global official website announced that the OPPO Find N3 Flip will hold a launch event at 7:00 PM on October 12th (at Beijing time).
10/9/20232 min read
China's Shenzhou-16 Manned Spacecraft Returns Successfully
At 8:11 on October 31st, Beijing time, the re-entry module of the Shenzhou-16 manned spacecraft successfully landed at the Dongfeng landing site.
10/31/20234 min read