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Chinese food delivery platform Meituan reported better-than-expected fourth quarter and full year revenues but warned that continued investment in its community group buying business would likely lead to losses in future quarters.
Luckin Coffee, the Starbucks challenger in China, is seeking to raise up to $510 million in the U.S. initial public offering (IPO).
The latest data from tech analysis firm Canalys shows that in the third quarter of 2021, the global shipment of wearable wristband devices reached 47.82 million units, down 11% year-on-year.
Temu's semi-hosted GMV in the US accounts for over 20% of the entire site.
Starbucks is planning to open 600 new stores in China next year, thus operating 6,000 stores across 230 cities by the end of 2022.
On August 15, Shanghai-based VR content production company Forking VR announced its completion of a pre-A round of financing totaling tens of millions of yuan, with investment from Sequoia China Seed Fund.
Zeekr, an all-electric vehicle brand operated by Chinese automaker Geely, announced on Friday that due to the pandemic and an ongoing shortage of computer chips, just 1,795 Zeekr 001 models were sold in March this year.
A new car brand called "Changan Automobile DeepBlue" appeared on Chinese social media platform Weibo on Tuesday, with the official name "Chongqing Changan New Energy Vehicle Technology Co., Ltd."
On September 14, at the 6th annual AI DAY, autonomous driving startup Haomo.AI announced that it had delivered three new sets of products for passenger vehicles in the past two and a half years.
Chinese online discount retailer Vipshop has refuted claims that it is selling counterfeit items on its platform, citing an authentication report from a government-backed enterprise as proof.
According to a Chinese Weibo blogger's post on July 27, Xiaomi is developing high-end tablets that will feature the Snapdragon 8 chipset.
Galactic Energy, a Chinese private space launch firm, announced Sunday that it had completed its Series B and B+ rounds of financing totaling 1.27 billion yuan ($200.6 billion).