Ele.me Delivery Robot Completed Takeout Delivery for the First Time
At 10 a.m on October 9, Wanxiaoe(万小饿), China’s first intelligent take-out robot created by ele.me logistics team, appeared in the Hongqiao Vanke center in Shang...
All Posts
Showing 12 of 13052 posts
Starbucks Launches its First Virtual Store
Powered by technology from Alibaba, Starbucks launched its first virtual store in China on Dec. 14, providing a unified, one-stop digital experience across the ...
12/14/20182 min read
Alibaba to Acquire Unisplendour Co. in Effort to Build up Cloud Computing Infrastructure
Alibaba Group Holding Ltd. and a Chinese state-owned company are considering bidding for a stake in Unisplendour Corporation Limited, a cloud computing infrastructure company, according to sources cited by Reuters. The stake could sell for up to $7.7 billion.
7/13/20212 min read
Sequoia Capital China Completes Fundraising of $9B
Sequoia Capital’s China affiliate has raised new funds totaling about $9 billion, to be used for investments in technology and healthcare. The firm received more than $12 billion in a 50% oversubscribed round.
7/6/20222 min read
Xiaomi Secures Shanghai Commercial Property for 1.55 Billion Yuan, Speculated as Site of Auto Business R&D Center
The deal was won by Mi Space SH Limited, with a transaction price of 1.55 billion yuan. Media speculated that the move may be for the Xiaomi Auto Business R&D Center, but the firm has not responded yet.
10/22/20214 min read
Didi Reveals $4.8 Billion Loss, Alibaba CEO Daniel Zhang Resigns From Board
DiDi Global Inc. reported its first financial report for Q2 and Q3 on Thursday, showing that its net loss attributable to ordinary shareholders in the third quarter was 30.6 billion yuan ($4.8 billion).
12/30/20212 min read
Huawei Ranks Second in Global Smartphone Shipments in 2019
The total global smartphone shipments in the fourth quarter of 2019 were 368.8 million units, marking an increase of 2.9% over the previous quarter.
2/4/20202 min read
Li Auto and XPeng Adjust Key Personnel and Organizational Structure
In order to achieve faster and long-term development, various personnel changes and organizational adjustments have recently taken place at Li Auto and XPeng, two Chinese electric vehicle manufacturers.
12/12/20225 min read
Trump’s War on TikTok: The U.S. Government Appeals an Injunction Against its TikTok Ban
On Monday, the U.S. government appealed a federal judge’s ruling blocking the administration’s ban on Chinese short video sharing app TikTok.
12/29/20203 min read
miHoYo Sues 37 Interactive Entertainment for Plagiarizing Genshin Impact Content
According to Chinese business data platform Tianyancha, litigation documents filed by miHoYo, the developer of video games including Genshin Impact, against three entities under 37 Interactive Entertainment were recently made public.
Great Wall Motors Tank 300 SUV Launched in Saudi Arabia
On July 3, Great Wall Motors held a launch event in Riyadh, Saudi Arabia, announcing the launch of its Tank 300 off-road vehicle in Saudi Arabia while also giving a look at the Tank 500.
7/5/20222 min read
Total Revenue of SF Express's Disclosed Projects in November Up 68.19% Year-on-Year
Chinese logistics firm SF Express on Sunday evening disclosed a briefing on its express delivery and logistics business in November.
12/20/20212 min read