Chinese Market Archives - Page 2 of 4

CPCA Reports Significant Growth in Chinese New Energy Vehicle Industry

New data released Monday by the China Passenger Car Association (CPCA) showed that in January this year, the retail volume of domestic passenger cars was 2.092 million units, down 4.4% year-on-year.

Tesla’s 2021 Revenue in China Totaled $13.8B, Up 107.8% YoY

According to the 10-K annual report submitted by automaker Tesla to the the US Securities and Exchange Commission (SEC) on Tuesday, the firm's revenue in the Chinese market reached an impressive $13.844 billion in 2021.

Kindle Is Not Leaving China, But Amazon May Be Losing the Game in China, Again

While Kindle has failed to profit from its existing customers through the Kindle store, the web novel market is also a territory hard for Amazon, as a U.S company, to enter.

China’s 2021 Vehicle Output to Drop by 2.15 Million Due to Chip Shortage, Accounting for 19% of Global Reduction

According to the latest data from AutoForecast Solutions, as of December 5, the ongoing shortage of chips has caused a cumulative reduction of 10.122 million vehicles in the global automotive market, among which the cumulative output reduction in China reached 1.982 million vehicles.

Honda to Launch Only Electric Vehicles in China after 2030

At a press conference held on Wednesday, Honda China stated that it planned to introduce 10 Honda-brand EV models in the next five years, and that all new models launched in China after 2030 will be electric.

Over 20 Virtual Currency Companies Withdraw from Chinese Market Following Strict Regulations

According to data gathered by reporters at Securities Daily, as of October 7, over 20 virtual currency-related enterprises have announced that they would completely withdraw from the Chinese market.

Meituan Receives $533.8 Million Fine for Monopolistic Behavior in Online Food Delivery Service Market

China's State Administration for Market Regulation on October 8 reached a decision to penalize domestic food delivery giant Meituan.

GM Invests $300 million in Chinese Autonomous Driving Start-up Momenta

General Motors announced on Thursday that it will invest $300 million in Momenta, a Chinese autonomous driving start-up, in an effort to accelerate the development of self-driving technology withinthe Chinese market.

BMW China Calls Back Over 140,000 Imported Vehicles

On September 6, China's State Administration for Market Regulation (SAMR) releases a news on its website that BMW (China) Automobile Trading Co., Ltd. filed a recall program on September 5.

Faraday Future Expands Global Hiring Following Business Combination

Faraday Future (FF) announced on August 20 that it plans to greatly expand its number of employees over the next 12 months, following a business combination deal that closed in July of this year.

Electric Vehicle Prices Continue to Drop in China as Europe Sees 28% Rise

Reporting from vehicle data analysis company Jato Dynamics indicates that the price of electric vehicles (EV) has dropped sharply in China but increased across Western countries over the past decade.

Fresh Food E-commerce Industry in China to Exceed 1 Trillion Yuan By 2023, According to iResearch

Industry players like Missfresh are accelerating growth in the fresh food e-commerce sector through Distributed Mini Warehouses, Intelligent Fresh Markets, and retail cloud services.

Evergrande Issues Response After Interview by Chinese Government, In Negotiations with Xiaomi About Auto Business

Evergrande issued a response on August 20, affirming that it would fulfill its responsibilities and fully implement government requirements.

Geely and Renault to Jointly Explore Hybrid Vehicles for Chinese and South Korean Markets

Car manufacturers Geely and Renault said on Monday they would jointly work to develop petrol-electric hybrid vehicles for core fast-growing markets such as China and South Korea.

China’s Anti-Monopoly Watchdogs Issue New Rules to Tech Giants For Fairer Market Play

China’s regulatory watchdog on Feb. 7 released new anti-monopoly regulations targeting tech giants and a recent escalation in unfair competition.

PDD Reveals the Top-Selling Products Amid Chinese Lunar New Year

According to PDD, total sales volume has surged 81% year-on-year. For Generation-Z and millennial users, fitness kits, pet wear, and books came to the top on the holiday best-selling list.

Pinduoduo Launches Italy National Pavilion Offering High-quality Imported Products

On Nov. 21, Pinduoduo officially launched the "Italian National Pavilion".

E-commerce Platform Pinduoduo Ramps up Efforts on Promoting and Regulating Domestic Hairy Crab Market

Pinduoduo, China’s second largest e-commerce platform by traffic, recently announced that it would establish the “Cloud E-Commerce Alliance of Hairy Crabs in Yangtze River Delta”.

Chinese E-Commerce Platforms Strengthen Efforts on IP Protection, Paper Finds

China’s major e-commerce platforms have taken a range of measures aimed at minimizing intellectual property (IP) infringements.

Apple to Remove Thousands of Unapproved Games in China App Store

Apple has decided to remove thousands of games from App Store mainland China without approval from China’s National Press and Publication Administration.

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