TikTok Is Testing Local Lifestyle Services in Indonesia and Thailand
TikTok is testing its local lifestyle business overseas, with the first stop being Southeast Asia. Currently, the business has launched in Indonesia and Thailand.
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Shares of Xpeng Rise 1.8% in Hong Kong Dual Primary Listing Debut
Xpeng’s shares rose 1.8% at the opening of trading to reach 168 Hong Kong dollars a piece, as the company carried out a dual primary listing on the Hong Kong Stock Exchange.
Geely in Talks to Sell Zeekr EVs at Home Appliance Giant Haier's Stores: Report
Geely Automobile Holdings is in talks with home appliance manufacturer Haier Group to sell the first model of its new electric vehicle (EV) brand at the latter's stores, according to Chinese media.
Alibaba Enters Exclusive Partnership With Salesforce Amid Trade War
Salesforce announced on July 24 that Chinese e-commerce giant Alibaba is now the exclusive cloud services provider for the American Customer Relationship Management (CRM) service provider in Greater China.
7/25/20192 min read
Tencent Responds to Hacking of Many QQ Accounts
Many users of QQ, a Chinese instant messaging software owned by Tencent, claimed on Sunday night that their accounts had been hacked. The app's official team responded on Monday.
The New Social App Chat Bao — It's All about the Money Money Money
Download the app, and you can win a flight!
1/18/20195 min read
Luckin Coffee to Pay $180M Penalty in Settlement with SEC
On Dec. 16, the SEC announced that the accounting-fraudulent Luckin Coffee Inc. agreed to pay a $180 million penalty for previous charges concerning the company’s fabricated transactions.
12/17/20202 min read
COVID-19 Takes a Toll on China’s Beer Industry, but There Is Still Hope
On May 7, Budweiser Asia Pacific announced its unaudited Q1 2020 financial results. The company’s revenue in Q1 fell by 39%, while its revenue in the Chinese market fell by as much as 45.4%.
5/15/20204 min read
China’s R&D Expenditures Hit New High Amid Global Uncertainty
China's spending on research and development (R&D) hit a record high at 2.23% of its gross domestic product (GDP) in 2019, up by 0.09% from the previous year.
Pinduoduo Partners with Fertilizer Giant to Kick Off Horticulture Fad
PDD jumped onto the bandwagon and partnered with Chinese integrated agricultural service giant Stanley Agriculture at the beginning of 2021.
2/3/20212 min read
Meituan-Dianping Announce Strong Q3 2019 Results, Bet on New Business Pays off
Meituan-Dianping’s quarterly revenue reached 27.5 billion yuan ($3.9 billion), while the total transaction amount increased by 33.6% year-on-year to 194.6 billion yuan ($27.5 billion).
11/22/20193 min read
JD.com Releases Winter Sports in China Consumption Report
The research organ operated by leading Chinese e-commerce giant JD.com released a report on Friday offering insight into winter sports consumption in China.
2/11/20223 min read