Luckin Coffee Issues Official Apology Regarding Alleged Fraud
Luckin Coffee issued an official apology statement on Weibo regarding the recent fraud allegations that saw the company’s stock dip nearly 80%.
4/7/20202 min read
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NetEase Cloud Music Car Version Is Available on BYD DiLink App Market
On April 27th, BYD announced that the NetEase Cloud Music car version has been launched on the BYD DiLink application market.
Xiaomi Ships 60 Million Smartphones in the First Half of 2019
Xiaomi Group released their financial report for the first half of 2019 and the results beat estimates. Total revenue increased by 20.2% reaching 95.71 billion yuan. Overseas business revenue amounted to 38.6 billion yuan, accounting for more than 40% of total revenue.
Chinese shared parking startup Airparking receives millions in RMB of Pre-A Round
Chinese shared parking startup Airparking announced the recent completion of their Pre-Series A round financing worth about millions in RMB. This was an exclusi...
7/17/20173 min read
Chinese EVs Surge in South Korea Amidst Domestic Sales Slowdown
According to a report released by the Korea Institute for Industrial Economics & Trade (KIET) on September 10th, electric vehicles produced in China are rapidly rising in the South Korean market, accounting for 33.1% of the market share.
9/12/20243 min read
Former Starbucks VP Joins Chinese Bubble Tea Chain CHAGEE
According to Chinese media outlet 36Kr, Starbucks' Vice President Li Tao has left the company and joined Chinese tea beverage brand CHAGEE earlier this year. CHAGEE has denied the rumor.
7/15/20243 min read
CATL Will Supply Stellantis and Is Exploring the Construction of A Joint Venture Factory
On November 21st, CATL announced that it has signed a strategic MOU with Stellantis Group to supply lithium iron phosphate batteries to the group in Europe.
JD.com Plans Subsidy Campaign against Pinduoduo
Chinese e-commerce giant JD.com will launch a 10 billion yuan ($1.5 billion) subsidy campaign on March 8 to compete against rival Pinduoduo, a budget shopping app by PDD Holdings.
2/21/20234 min read
Huawei Publishes Patent for Convenient Vehicle Payment
According to Qichacha, a Chinese business information platform, Huawei's patent for V2X-based vehicle payment method and equipment was published on August 16. This patent can facilitate the completion of vehicle payment.
8/16/20222 min read
Tmall to Open 1000 New Beauty Stores in 2019
Tmall, an online retail website owned by Alibaba, announced today that it expects 1000 new international and domestic cosmetics brands to join the Tmall platform this year in order to meet the demands of Chinese consumers.
3/4/20192 min read
Niu Technologies to Launch Two-Wheeled EV With Sodium-Ion Batteries in 2023
Li Yan, the CEO of smart urban mobility solutions provider Niu Technologies, has said that the company plans to launch its first two-wheeled electric vehicle equipped with sodium-ion batteries in 2023.
8/8/20223 min read
OPPO Launches Find X5 Series Powered by MariSilicon X Imaging NPU
Chinese smartphone brand OPPO introduced on Thursday its newest flagship devices, the Find X5 Series.
2/24/20223 min read