Chinese Market Archives - Page 3 of 4

SAIC to Purchase $254M Shares From Luckin Chairman Lu’s Car Rental Company

SAIC Motor Corp. Ltd reached an agreement to buy 28.92% of the share of car rental service provider Car Inc at the price of HK$ 1.9 billion.

Microsoft to Keep Its Retail Stores in China

While Microsoft announced on Friday to permanently close its physical stores in the US, Australia, and etc, it will continue running its stores in China.

Meituan’s Market Value Blows Past $1 Trillion HKD, With Sales Bouncing Back To Pre-Pandemic Level

Though hit by COVID-19 pandemic, Meituan Dianping's market value rocketed, becoming the third most valuable internet company in China.

Luckin Chairman to Face Criminal Charges Amid New Evidence in Fraud Probe

While authorities found Luckin Coffee Inc paid taxes on bogus transactions, its CEO said their business model is correct and willing to participate in any investigations.

EV Maker NIO’s Q1 Results Show Narrowed Losses, Eyeing Secondary Listing

Though influenced by the COVID-19 pandemic, NIO's losses are narrowing. What's more, NIO has reached agreements with investors for investment in China.

China’s Esports Market to Reach RMB 140 Billion in 2020

Despite the impact of the recent coronavirus pandemic, China's esports market is projected to reach 140.57 billion yuan in size by the end of 2020.

Apple to Close All Stores Outside China Until End of March

Apple CEO Tim Cook said his company would temporarily close all retail stores outside Greater China until March 27.

TikTok Maker ByteDance Appoints New China Leaders, Global Employees Approach 100,000

Beijing-based ByteDance, the owner of global short video app TikTok and Chinese news aggregator Toutiao, has appointed new China heads.

Chinese Artificial Meat Startup STARFIELD Raises Funds From Joy Capital, Matrix Partners and Others

STARFIELD, the largest domestically funded artificial meat startup in China, has recently completed a round of financing worth tens of millions yuan.

Toyota Prepares to Build New Energy Plant in China

Japanese automobile giant Toyota is preparing to build a new energy vehicle plant with an annual capacity of 200,000 units in the Chinese city of Tianjin.

GitHub to Expand Into the Chinese Market

Due to the continuous increase in the number of Chinese developers, China has become the largest market for GitHub outside the United States.

iPhone 11 Greatly Exceeds Pre-Sale Expectations in China

While Apple’s new iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max will not be available in stores until September 20, online pre-sales for the new handset have exceeded expectations by a landslide.

Costco CFO Says Company Expects to Open New Store in Shanghai by 2020 at the Earliest

American wholesale company Costco’s CFO, Richard Galanti, disclosed that the company will be adding a second store in Shanghai by next year at the earliest.

Sneaker Trading and Authentication Platform GOAT Enters China

Los Angeles-based sneaker trading and authentication platform GOAT has marked its entry to the Chinese market with a giant black "shoe box”.

E-Cigarette Giant JUUL is Coming to China

American e-cigarette brand JUUL will officially enter the Chinese market and is reported to be negotiating terms for distribution channel cooperation with Tmall and JD.com.

OYO China to Cut Staff Significantly

OYO China, a leading hotel chain brand, will layoff a substantial amount of their staff, amidst a company reorganization.

Booking Holdings Continue to Strengthen Partnerships in China

Glenn D.Fogel, CEO of Booking Holdings, a leader in online accommodations and travel e-commerce, came to China on Nov. 7 for the fifth World Internet Conference, also known as the Wuzhen Summit.

Is iPhone Xs still Worth its Price?

Mainland China has 243 million iPhone users. But seriously, how many of those iPhone users could really afford the latest iPhone Xs?

Lenovo Tops Global PC Shipments in Q3 According To IDC

Lenovo ranked top on PC shipments in Q3 among all PC producers, with a market share of 24 percent, according to the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.

Google Cloud Rumored to Enter China Through Chinese Cloud Computing Provider

Capital Online, a Chinese cloud computing service provider, announced via its Wechat official account on Sept. 4 that the company would be bringing Google Cloud back to the Chinese mainland and the matter was under negotiation.

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