Luckin Coffee Deposes CEO and COO Amid Sales Fraud Investigation
Chinese coffeehouse chain Luckin Coffee fired its CEO and COO amid an investigation into the company’s accounting scandal.
5/13/20202 min read
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BYD's Personalized Brand Vehicle "Fang Cheng Bao" Will Be Announced Soon
On June 7th, it was announced that today is the first day of the 2023 college entrance examination in China. BYD officially began to use this hot topic to promote its upcoming F brand "Fang Cheng Bao" car.
Tencent Distributes Meituan Shareholding Worth of $20B
On November 16, Tencent released its financial report for the third quarter of 2022, and announced its decision to distribute most of its shares in Meituan, which will be completed in March next year. Tencent President Martin Lau has resigned as a non-executive director of Meituan.
11/16/20223 min read
OnePlus Unveils Renders of Upcoming Flagship Featuring a Circular Camera Module
Chinese smartphone maker OnePlus’s CEO Pete Lau unveiled in its community forums the visual renders of its upcoming flagship product due to launch in October.
Facebook Releases List of Top 50 Chinese Brands with Great Global Influences
The third annual Facebook Overseas Marketing Summit was held in Shanghai on Sept. 12. At the event with the theme “created by you, loved by the world”, Facebook...
Apple Recruits Automotive Software Engineers in China
US-based tech giant Apple is currently recruiting engineers with experience in vehicle technology for positions in Beijing, Shanghai and Shenzhen.
6/20/20222 min read
XPeng Receives 500M Yuan in Funding From Guangdong Government
Chinese electric vehicle (EV) maker XPeng Motors announced on Monday that it has secured funding worth 500 million yuan ($77 million) from the Guangdong provincial government.
UNDP Supports Tsinghua University in Organizing Global Dialogue on AI Cooperation and Governance
The United Nations Development Program (UNDP) joined Tsinghua University to support the inaugural International AI Cooperation and Governance Forum which kicked off on Dec. 19.
6/24/20256 min read
Private Chinese Aerospace Firm Galactic Energy Completes Rocket Engine Test
Galactic Energy, a Chinese private space launch enterprise, announced that it has carried out a successful test run of its self-developed Welkin 50-ton reusable liquid oxygen/kerosene engine.
6/24/20252 min read
SHEIN Sets Up Supply Chain HQ in Guangzhou with 3.69 Billion Yuan Investment
SHEIN has plans to establish an intelligent warehousing logistics distribution park that will integrate various functions such as warehousing, stockpiling, picking, distribution, delivery, and settlement.
6/24/20252 min read
Pinduoduo Outstrips Baidu as Fifth Largest Internet Company in China
According to Tencent Technological News, Chinese group buying e-commerce platform Pinduoduo surpassed Baidu in market value, becoming the fifth largest Internet company in China.