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On Dec. 16, the SEC announced that the accounting-fraudulent Luckin Coffee Inc. agreed to pay a $180 million penalty for previous charges concerning the company’s fabricated transactions.
On May 7, Budweiser Asia Pacific announced its unaudited Q1 2020 financial results. The company’s revenue in Q1 fell by 39%, while its revenue in the Chinese market fell by as much as 45.4%.
China's spending on research and development (R&D) hit a record high at 2.23% of its gross domestic product (GDP) in 2019, up by 0.09% from the previous year.
PDD jumped onto the bandwagon and partnered with Chinese integrated agricultural service giant Stanley Agriculture at the beginning of 2021.
Meituan-Dianping’s quarterly revenue reached 27.5 billion yuan ($3.9 billion), while the total transaction amount increased by 33.6% year-on-year to 194.6 billion yuan ($27.5 billion).
The research organ operated by leading Chinese e-commerce giant JD.com released a report on Friday offering insight into winter sports consumption in China.
Biocytogen, an emerging pharmaceutical technology company, announced today that it has completed a new round of funding worth tens of millions of dollars, jointly led by Lake Bleu Capital, China Pinnacle Equity Management, Octagon Capital and OrbiMed.
On October 29th, Governor Gavin Newsom of California, who is currently visiting China, visited the Tesla Gigafactory in Shanghai.
XPeng Motors is actively expanding its Robotaxi team, currently recruiting for multiple positions with high salaries, with the highest annual salary approaching one million yuan.
Lei Jun, founder and CEO of Xiaomi, thanked his competitor Huawei for being part of the advancement of Chinese innovation.
Taichi Graphics, an open-source graphics infrastructure and digital content creation cloud platform, announced on Monday that it has completed A-round financing totaling $50 million.
Directed by Derek Tsang, the youth melodrama film “Better Days“ (2019) landed a nomination for Best International Feature at the 93rd Academy Awards.