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Chinese electric vehicle manufacturer, Li Auto, released its Q1 financial report on May 10th. The report revealed a revenue of 18.79 billion yuan ($2.71 billion) for the quarter, indicating an increase of 96.5% year-on-year and 6.4% compared to the previous quarter.
After the American telecommunications giant Cisco announced its global layoff plan in August, the China division has begun implementation. The Dalian branch has issued a formal layoff notice affecting nearly 300 full-time employees.
On August 15, Smart, a new energy vehicle brand jointly established by Mercedes-Benz and Geely, released many pictures of the new Smart #1 BRABUS Performance Edition. The car will be unveiled at the 25th Chengdu Motor Show on August 26.
Here are the hot trending topics in China last week. Editor's Pick My Story of Renting a Place in Beijing Renting an apartment is like being in a relat...
On January 25th, the Denza D9 by BYD was officially launched in Indonesia, with a starting price of 950 million Indonesian Rupiah for the battery electric model.
As the sun lowers on the company’s full operations in the country, a window of opportunity is now opening for domestic competitors.
Starbucks took another step toward evolving the digital customer experience for customers in China by cooperating with Alibaba and launching a smart speaker capable of ordering coffee delivery by voice.
On April 17th, XPeng Motors and Volkswagen Group officially signed the EEA Strategic Cooperation Framework Agreement. The official referred to it as a new milestone in the strategic cooperation between the two parties.
Besides heightened regulatory pressure from authorities, an increasingly shrill blend of nationalist and anti-capitalist sentiment among Chinese netizens has also acted as a catalyst for Didi’s turmoil, creating an unprecedented scenario on social media.
Video-based social media platform JOYY reported strong growth in the first quarter of 2020 as the company further pushes its overseas live-streaming apps.
Mysten Labs, a Web3 infrastructure company and developer of the Sui Layer 1 blockchain, announced its completion of a $300 million Series B funding round on September 8. This fresh capital values the company at more than $2 billion.
The privatization of online LGBTQ platform BlueCity is nearing completion. Metaclass Management ELP, a fund owned by Chinese social networking product developer Newborn Town, will become its actual controller.