Alibaba.com: When Global Sourcing Enters the AI Era
Alibaba.com placed a clear and heightened emphasis on AI in its 2024 Co-Create conference in Las Vegas, providing innovative tools to connect both buyers and sellers across the world.
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China’s Central Bank Takes Action to Quell Mounting Inflation Concerns
Officials at the People’s Bank of China (PBOC) announced new measures late Monday night aimed at curtailing growth in the yuan’s value, which has recently surged to its highest level against the dollar in three years.
GOGOX Passes Hong Kong Listing Hearing
According to information disclosed by the Hong Kong Stock Exchange (HKEx) on Tuesday, Chinese logistics platform GOGOX has passed its listing hearing.
6/7/20222 min read
Direct-to-Consumer E-Commerce Platform Cider Completes B-Round Financing for $130 Million,Values Over $1 Billion
Cider, a global direct-o-consumer e-commerce platform, announced on Thursday that it had completed a B-round financing of $130 million.
9/3/20213 min read
“Remembrance of Earth’s Past”- A Beacon of Inspiration
Nowhere is this insatiable desire for scientific advancement and innovation more evident than in Cixin Liu’s critically acclaimed trilogy “Remembrance on Earth’s Past”.
6/26/20197 min read
Meituan Hotels Surpassed Ctrip to Lead the Online Hotel Booking Industry in Q2 2018
Meituan Hotels has overtaken Ctrip to rank first in China on the fronts of order volume and nights booked in Q2 2018, according to a report released on August 3...
NetEase Cuts Strategic Investment Department: Overseas Investment Failures Cause Turbulence
Sources revealed that NetEase has gradually disbanded its entire strategic investment department two weeks ago, possibly related to NetEase's recent overseas investment failures.
1/20/20252 min read
Didi's "KargoBot" Autonomous Freight Service Operates Independently Following 450 Million Yuan Investment
At present, KargoBot has a total of 150 autonomous heavy trucks, mainly used for transporting coal and other bulk commodities in the northwest and north China regions.
10/18/20232 min read
Former Luckin Coffee Chairman Charles Lu Re-enters Coffee Market
Charles Lu, the former chairman of Luckin Coffee, and Jenny Qian, the firm's former CEO, announced on October 22 that the first location of Cotti Coffee has opened in the eastern Chinese city of Fuzhou, adding that the "team of coffee dreamers is starting the journey again."
Meituan Receives $533.8 Million Fine for Monopolistic Behavior in Online Food Delivery Service Market
China's State Administration for Market Regulation on October 8 reached a decision to penalize domestic food delivery giant Meituan.
10/8/20214 min read
Breaking Down TikTok’s Case Against Trump Admin, Zuckerberg to Blame?
TikTok's full complaint explained. Is Zuckerberg accountable for breaking Zhang Yiming's global ambition?
8/25/20205 min read
China VC Weekly: EVs, Biotech and Logistics
In last week’s news, Faraday Future raises additional funds before possible listing, Jack Ma-backed biotech startup secures funds in a series C round, while logistics startup FlashEx raises a confident Series D round.
3/31/20215 min read