
China Issues Regulation of Sharing Economy Companies, Maintains Crackdown on Monopolies
The Chinese government warned on Thursday that companies involved in the sharing economy need to comply with regulation and price their services properly.
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The Chinese government warned on Thursday that companies involved in the sharing economy need to comply with regulation and price their services properly.

Chinese private tutoring company TAL Education on Monday announced its unaudited financial results for the third quarter of fiscal year 2022 ended November 30, 2021.

Flexible display maker Royole Corporation started a round of layoffs on Wednesday. This is the first round of large-scale layoffs at the company since it fell into a capital shortage crisis.

Hesai Technology, a firm specializing in lidar solutions for autonomous and assisted driving, announced Thursday that its AT128 lidar will begin mass production in the second half of 2022.

WeWork China says it will not be affected by WeWork's bankruptcy filing in the US.

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.

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.

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.

On February 12th, ByteDance Doubao proposed a new sparse model architecture UltraMem, with an inference cost reduction of up to 83% compared to MoE.

Seagull Watch is the world's largest manufacturer of mechanical watch movements, producing one-quarter of total global production by volume.

On November 6, Ctrip Group, a Chinese online travel service provider announced a strategic partnership with American travel website TripAdvisor, expanding their global cooperation.

Neta Auto's first flagship store in Africa opened on June 26th in Nairobi, the capital of Kenya.