Didi Debuts Courier Service Amid Slow Demand
On March 9, Didi Chuxing debuted a courier service in an attempt to capitalize on a period of restricted mobility for normal citizens.
3/11/20202 min read
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SHEIN Targets 25% Drop in Greenhouse Gas Emissions Across Value Chain by 2030
SHEIN, a global e-retailer of fashion, beauty and lifestyle products, on September 28 announced its target to reduce overall emissions across its entire value chain by 25% by 2030, as well as its greenhouse gas emissions inventory for 2021.
9/29/20223 min read
Tec-Do Completes Round B+ Financing
Tec-Do, a one-stop service platform to help Chinese enterprises access markets overseas, recently announced the completion of a round B+ financing worth several hundred million yuan.
2/28/20223 min read
JD Logistics Discussing Overseas IPO Insiders Say
The logistics unit of JD.com is eyeing a potential overseas IPO that could raise $8 – $10 billion, two insiders revealed to Reuters.
12/23/20191 min read
Centrin Data Reaches Strategic Cooperation With Huawei Digital Power
Cloud computing services provider Centrin Data and Huawei Digital Power held a signing ceremony for a strategic cooperation in Beijing on Monday.
5/10/20222 min read
Meituan Denies Claim of High Commissions, Says over 80% of Merchants’ Commissions Range from 10% to 20%
On April 10, Guangdong Restaurant Association issued a negotiation letter to Meituan, a Chinese O2O delivery platform, criticizing that it charges excessive commissions from catering merchants.
4/14/20202 min read
Amazon China Lays Off Employees, Some Staff Have Received Emails
Some employees of Amazon China have received layoff notification emails from headquarters. Amazon stated that due to duplication in job categories, it will be reducing hundreds of positions within specific Sales, Marketing, and SMGS organizations.
Ride-Hailing Firm Wanshun to Go Public in US Via SPAC
Wanshun Car-Hailing, a Shenzhen-based ride-hailing service platform, has recently reached a cooperation agreement with an overseas special-purpose acquisition company (SPAC), planning to be listed in the US this year.
9/5/20222 min read
Douyin Launches In-app Ride-Hailing Service
The official launch of Douyin's ride-hailing service indicates that ride-hailing services will complement Douyin's existing businesses such as dining, entertainment, and travel, enhancing Douyin's commercial ecosystem.
OPPO Reno 11 and Reno 11 Pro Officially Released
Today, OPPO officially released the brand new Reno 11 Pro series smartphones.
11/23/20233 min read
AI Firm CloudWalk Gets Green Light for Shanghai IPO
CloudWalk Technology will become the second publicly listed firm among the "Four Leading AI Computer Vision Startups," which include SenseTime, Megvii, YITU Technology and CloudWalk.
4/7/20223 min read
ByteDance’s Toutiao, Watermelon Video to Be Merged Into Douyin, Zhou Shouzi Steps Down as CFO to Focus on TikTok
Bytedance CEO Liang Rubo released an internal letter this morning, saying that the firm will make organizational changes and set up six business units.