Foreigners Embracing Shopping Frenzies in China During Double 11
The Double 11 shopping festival is hard to miss. E-commerce platforms put out ads everywhere to boost consumption. Like the locals, foreigners are embracing the shopping frenzies.
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Xiaomi Auto Headquarters Officially Settle in Beijing, Registered in Beijing Economic-Technological Development Area
According to a state-owned publicity website, the registered address of the company is Yizhuang Development Area in Beijing, a state-level economic and technological development zone situated in Daxing District.
9/2/20211 min read
NIO's Third Brand "Firefly" First Car Revealed, Expected to Debut in Q3
Recently, a group of suspected spy photos of the first model of the new brand "Firefly" from NIO were exposed online.
Chinese Social E-Commerce App Xiaohongshu Denies Plan to List in Hong Kong
On Monday, several media outlets reported that Chinese startup Xiaohongshu is considering a Hong Kong IPO. The company responded that it won't do away with the idea but there is no clear IPO plan for the time being.
10/11/20212 min read
Tencent Responds to NFT Name Change, Resists Illegal Cryptocurrency Activities
Chinese technology giants Alibaba and Tencent have both renamed their non-fungible token (NFT) offerings as “digital collectibles”, as Beijing strengthened its supervision of Internet businesses' NFT platforms.
10/25/20212 min read
Behind China’s 996 Overwork Culture: Shentong Express Fires Employee who Refuses to Work Overtime
On Jan. 7, China’s delivery company Shentong Express was reported to have fired an employee who refused to work after 9 p.m.
1/8/20213 min read
The Facade of National Speed Skating Oval “Ice Ribbon” in Construction for Winter Olympics
It is estimated that the facade of the National Speed Skating Oval will be completed by this year. It is also now officially released that a total of 42 Winter Olympic projects have started construction including eight new competition venues and five venues under renovation.
1/15/20192 min read
Kuaishou Reports Jump in Revenue, E-Commerce Growth in First Results Report Since Mega IPO
Chinese video sharing platform Kuaishou Technology recorded a 50% jump in revenue in 2020 as well as a growth in active users in its first report card following the company’s mega initial public offering (IPO) in Hong Kong.
3/24/20212 min read
CATL Plans to Build Battery Plant in Hungary
On August 12, CATL, a Chinese power battery giant, approved a proposal on investing in the construction of a new energy battery plant in Hungary. The plant will be CATL's second in Europe, in addition to its German plant.
8/12/20222 min read
Snapshots of China’s Internet Sector in 2021
In December, people's social media was flooded with two explosive pieces of news: the massive layoffs within China’s Big Tech and the improvement of employees’ welfare.
12/20/20216 min read
NIO Provides Subsidy of Up to $2824.2 for Delayed Orders
Chinese EV maker NIO said that it will compensate customers who had recently placed orders to a total amount of 18,000 yuan ($2824.20).
12/3/20212 min read
BOE to Supply 18 Million OLED Screens to Apple
Analysts at UBI Research pointed out in the latest report that BOE, the leading screen manufacturer in China, is expected to supply 18 million OLED screens to Apple this year.
11/24/20212 min read