Chinese Market Archives

Porsche China CEO: the Current Scale of Chinese Market Is Unable to Support Local Production

On November 5th, Michael Kirsch, CEO of Porsche China, stated that currently Porsche's sales and scale in the Chinese market are not sufficient to support local production.

Arm CEO: Going Public Won’t Alter China Strategy

Arm CEO Rene Haas: Going public won't alter development strategy in China.

Ford Responds to Rumors of Large-Scale Layoffs in China

In response to layoff rumors, on May 10, Ford China stated to the Chinese media that "China is a crucial market for Ford. We remain committed to promoting sustainable development in our business operations in China.

Xiaomi Establishes A Foothold in the High-end Smartphone Market Initially

On April 9th, at the 2023 Xiaomi Fan Festival, CEO Lei Jun stated that Xiaomi's most important strategy in the past three years has been a high-end strategy.

BYD’s New Patents Offer Hints on Yangwang High-End SUVs

On the evening of November 8, Chinese automaker BYD unveiled a new high-end vehicle brand called Yangwang. Three days later, several automobile patents applied for by BYD were made public, revealing the possible design of these future premium off-road vehicles.

Starbucks Steps Up Efforts to Compete for China Market Share

Faced with pressure from competitors such as Luckin Coffee and Tims China, Starbucks, which has always been known for its reserved attitude towards China, has been changing its strategy for tackling the country's domestic market.

ByteDance Pursues Further Layout in Medical Field

ByteDance's healthcare business is stepping into an accelerated period of resource integration, and a huge healthcare ecosystem is slowly forming.

Tesla China Denies Price Reduction, Chinese Auto Firms Still Feel Pressure

Although Tesla has denied the rumor of price reductions, the news has already had a certain impact on the pricing strategy and rhythm of new products released by XPeng Motors and Li Auto.

Ford’s China EV Business to Be Run as Independent Firm

The China arm of American multinational automobile manufacturer Ford announced on September 26 that it would work to accelerate electric transformation in the country by operating its EV business through FMeT, an independent company.

OPPO K10x Budget Smartphone Debuts in China

On September 16, Chinese smartphone maker OPPO released a new device called the OPPO K10x, with a 64MP rear main camera and a 5000 mAh high-capacity battery.

Starbucks Plans to Add 3,000 Stores in China by 2025

On September 14, Starbucks's China division officially released its 2025 China Strategic Vision, launching a new value-oriented growth plan featuring heavy investment in the country.

IDC: Chinese AR/VR Field Shipped Over 500,000 Units in H1

Consulting firm IDC China reported on September 2 that in the second quarter of 2022, China shipped 309,000 AR/VR headsets, including 12,000 units of AR devices and 297,000 units of VR devices.

Tesla’s August Sales in China Expected to Reach 77,000 Units

According to comments on September 1 by Cui Dongshu, Secretary General of the China Passenger Car Association, Tesla's August delivery volume in the country is expected to have totaled about 77,000 vehicles, an increase of 173% from July.

ChengXin YouXuan, Community Group Buying Platform Owned by Didi, Restarts Operations in Lanzhou

ChengXin YouXuan, a community group buying platform owned by Didi, has resumed its operations in Lanzhou, Gansu province.

Embattled Luxury E-Commerce Platform Secoo Denies Desertion Reports

It was reported that the headquarters of Secoo, a luxury e-commerce platform based in the center of Beijing's business district and once filled with luxury goods, is now empty. Regarding the concerns, Secoo said such reports were not true.

Founder Sky Li: Realme to Pursue “Simply Better” Product Strategy

Sky Li, the founder and CEO of Chinese consumer technology company realme, has published an open letter ahead of the firm's fourth anniversary and "828 Fan Festival" on August 28, 2022.

China Registered 2.2M New Energy Vehicles in H1 2022

By the end of June 2022, the number of motor vehicles in China had reached 406 million units, including 310 million cars and 10.01 million new energy vehicles.

Honor Tops China’s Smartphone Market Share for First Time

Tech market research firm IDC released a quarterly cell phone tracking report on July 29. Honor ranked first in terms of shipments during Q2 in the Chinese market.

China Sees Increased June Mobile Phone Shipments of 28M Units

According to a report released on July 20 by the China Academy of Information and Communications Technology (CAICT), in June, the domestic market shipped 28.017 million mobile phones, up 9.2% year-on-year.

China Tops Global Semiconductor Equipment Market

According to a report released by SEMI, the global sales of semiconductor manufacturing equipment surged in 2021, increasing by 44% from $71.2 billion in 2020.

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