JD Introduces 1.5 Million Reusable Express Packages
On April 22nd, JD Logistics announced that it will gradually introduce 1.5 million units of reusable express packaging and promote a shared recycling model for such packaging.
Tag: #China
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XPENG AEROHT's Flying Car Aims to Achieve Mass Production in Q4 2025
XPENG AEROHT flying car aims to start mass production in the fourth quarter of 2025, with assembly being handled by Guangdong XPeng.
Evergrande Auto to Sell Residential and Property Management Projects to Focus on EV Production
On April 24th, China Evergrande Group announced that its new energy vehicle division will sell two of its businesses to another unit within the group. The move is aimed at enabling Evergrande Auto to focus on automaking.
4/25/20232 min read
"Huawei Does Not Make Cars" Founder Ren Zhengfei Reiterates
On March 31st, Huawei's founder and chairman Ren Zhengfei issued a signed statement reiterating that "Huawei does not make cars" with an effective period of five years.
Tim Hortons China and Tencent E-Sports Open Joint Store in Shanghai
Tim Hortons China announced its opening of another joint store with Tencent E-Sports in Shanghai on August 3. This is the second joint store opened by the pair in Shanghai and the third joint store opened in China.
Chairman of the China Securities Regulatory Commission Dismissed
Yi Huiman was dismissed as the Chairman of the China Securities Regulatory Commission, following a significant downturn in the Chinese stock market in the past week.
2/7/20241 min read
JD.com Announces Significant Salary Increase, Frontline Employees' Remuneration to Double Next Year
On December 27th, JD.com announced that starting from January 1st, 2024, the annual fixed salary for front-line employees in procurement and sales departments will increase by nearly 100%.
12/28/20232 min read
Sunwoda EVB Completes $886M Financing Round
Sunwoda Electric Vehicle Battery Co., Ltd. (Sunwoda EVB), a subsidiary of Chinese firm Sunwoda, has completed a new round of financing totaling 6 billion yuan ($886 million).
8/17/20223 min read
BYD Frigate 07 EV to Be Released Dec 9, Pre-Sale Price From $30.6K
The Frigate 07 electric vehicle model from Shenzhen-based automotive firm BYD will be launched on December 9. As a brand-new addition to BYD's Warship Series, the Frigate 07 is positioned as a five-seat medium-sized SUV.
Where is the Future of Chinese Basketball
After losing to Nigeria 86-73 in the last FIBA World Cup game, China lost the lone Asian Olympic qualifying spot available in the World Cup. Yao Ming, the most successful Chinese basketball legend and current Chinese Basketball Association chairman, frowned and cried.
Honor to Invest $10B in Transition to Open AI Terminal Ecosystem Company
Honor CEO Li Jian announced the Honor Alpha Plan at the 2025 Mobile World Congress (MWC 2025) on March 2, declaring that Honor will comprehensively transform from a smartphone manufacturer to an AI terminal ecosystem company.
Huawei Will Release New Distribution Brand at Its China Partner Conference
On April 21st, during the 20th Huawei Global Analyst Summit (HAS 2023), Huawei further clarified its determination to increase investment in the strategy for small and medium-sized enterprise markets.