Luckin Coffee: the Newest Unicorn after First Funding Round
Luckin Coffee announced on July 11 the completion of their Series A funding round, giving the company a valuation of $1 billion and bringing it into the unicorn...
7/11/20182 min read
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Top Chinese Governing Bodies Call '996' Work Culture Illegal
On Thursday, top Chinese governing bodies released a collective memo, saying that the '996' work culture - a 12-hour, six-day working schedule - represents a serious violation of the law pertaining to maximum work hours.
8/27/20213 min read
Tencent’s Non-IFRS Profit Drops 25% YoY in Q4
Chinese tech giant Tencent announced on Wednesday the company's unaudited consolidated results for the fourth quarter of 2021 and the audited consolidated results for the year ended December 31, 2021.
3/23/20225 min read
Corporate Changes Completed at Ant Group
Ant Group has restructured its shareholder setup in January to align voting rights with economic interests, eliminating the potential for single or joint shareholder control.
1/24/20242 min read
Second Stage of Tesla Gigafactory Shanghai Project Completed
On August 2, Shanghai enterprises and institutions environmental information platform showed the details of a construction project in which part C of the second stage of Tesla's Gigafactory Shanghai Project (Phase I) was completed.
8/2/20223 min read
Maserati China Changes Leadership, Appoints Yu Hanbang as General Manager of China
Luxury car brand Maserati announced on September 25th that Yu Hanbang has been appointed as the new General Manager of China.
Shenzhen Announces to Achieve Citywide 5G Coverage
Shenzhen has attained comprehensive and stand-alone 5G coverage and leads its peers in entering the 5G era.
2018 Goals: Jack Ma's Goodwill, Lei Jun’s Determination, and Cheng Wei’s Ambition
Since the Spring Festival of 2018, enterprises have concluded their annual meetings, revealing numerous important information. Tinder-equivalent social networki...
Olympics Spur Searches for Winter Sports Posts on Xiaohongshu
According to data recently released by Xiaohongshu, a lifestyle sharing platform, since the Winter Olympics started in January, the number of posts on the platform containing the keyword "skiing" has increased by 232% year-on-year.
2/9/20222 min read
ByteDance's New Commercial Adjustment: Dongchedi Becomes An Independent Company
ByteDance is currently relocating Dongchedi employees to a newly established wholly-owned subsidiary.
1/11/20246 min read
Redmi to Premier MediaTek’s First Mobile Chips for Gaming
Taiwanese chip producer MediaTek (MTK) announced the launch of its first mobile phone chip series, the Helio G90, and the chip-level game optimization engine technology MediaTek HyperEngine.
7/31/20192 min read
Nothing Unveils "Ear (stick)" Wireless Earbuds for $99, With Twist-Open Case
London-based consumer tech startup Nothing unveiled its newest wireless headphones on October 26, dubbed the "Ear (stick)."
10/27/20223 min read