Co-working Giant Files for Bankruptcy in the US, WeWork China Responds
WeWork China says it will not be affected by WeWork's bankruptcy filing in the US.
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Luckin Registers $6 Million Worth of Assets as Collateral for Funding
Luckin Coffee, the Beijing-based Starbucks challenger, registered RMB 45 million ($6.7 million) worth of movable assets as collateral to Zhongguancun Sci-Tech Leasing, according to the National Enterprise Credit Information Publicity System.
4/3/20192 min read
Guangdong to Further Promote Carbon Market Construction
On July 13, China's Guangdong Provincial Government released a new plan for the development of green finance to support the implementation of carbon peak-related actions.
7/15/20223 min read
Electrolyte Water in Short Supply After China Adjusts COVID Policies
With the adjustment of COVID-19 prevention and control policies in many cities in China, in addition to a wave of panic buying of cold medicines, some food products have become unexpectedly popular recently, such as canned yellow peaches and electrolyte water.
12/13/20224 min read
Doubao Proposes A New Sparse Model Architecture UltraMem
On February 12th, ByteDance Doubao proposed a new sparse model architecture UltraMem, with an inference cost reduction of up to 83% compared to MoE.
2/13/20252 min read
How National Chinese Watch Brand Transforms its Sales Model under New Ecommerce Era
Seagull Watch is the world's largest manufacturer of mechanical watch movements, producing one-quarter of total global production by volume.
9/5/20203 min read
Chinese Travel Platform Ctrip Enters Strategic Partnership with TripAdvisor
On November 6, Ctrip Group, a Chinese online travel service provider announced a strategic partnership with American travel website TripAdvisor, expanding their global cooperation.
11/7/20192 min read
Neta Auto Accelerates Into the Oversea Market, with Kenya As Its First Stop in Africa
Neta Auto's first flagship store in Africa opened on June 26th in Nairobi, the capital of Kenya.
6/28/20242 min read
PDD Says It Needs to Invest More on Innovation, Warns Profit Levels Not Sustainable
PDD Holdings, the multinational commerce group that operates the Pinduoduo and Temu platforms, said that it’s unlikely to sustain current profitability with planned increases in technology investments amid intense industry competition.
11/28/20223 min read
Lenovo's New Flagship Z5 Pro to Launch on November 1
Lenovo's new flagship Z5 Pro will be officially released at Lenovo's global headquarters in Beijing on Nov. 1. Lenovo Group Vice President Chang Cheng posted th...
10/26/20182 min read
Jack Ma Foundation Publishes Handbook to Share COVID-19 Frontline Lessons
The Jack Ma Foundation and Alibaba Foundation are today sharing some key lessons and experiences from doctors who were at the frontline of COVID-19 treatment in China.
3/18/20202 min read
Tencent’s Peacekeeping Elite Partners With Tesla, ‘Model 3’ to Become New In-Game Vehicle
U.S. electric vehicle Tesla has partnered with China’s largest game publisher Tencent Games for Peacekeeper Elite, one of the most profitable mobile games in the world.