Tang and his entrepreneurial story may someday become a classic case study taught in business schools. Whether about success or failure, it is certain to be extremely exciting.
The Chinese snack brand Xijie has completed its A Round of financing, garnering 295 million yuan ($46.1 million), jointly led by Source Code Capital and Focustar Capital.
Chinese coffee company and coffeehouse chain Luckin Coffee Inc. has reached a $175 million settlement in its shareholder class-action lawsuit.
It was reported that Genki Forest "is nearing completion of a new round of financing, with a target valuation of $14-15 billion, which is more than doubled compared with the previous round of $6 billion."
Luckin Coffee began to be profitable in May this year, meaning it has achieved its annual target ahead of schedule. The firm declined to comment.
The fraud scandal hasn’t knocked Luckin out of the ring: today, it remains China's second-largest coffee chain. How did Luckin survive the turmoil?
Huabei and Jiebei, two micro-loaning platforms of Ant Group, have launched a quota management function to advocate rational consumption.
With the Chinese Lunar New Year around the corner, China’s leading interactive e-commerce platform Pinduoduo revealed several reports on consumers’ purchasing behaviors.
On Dec. 11, Pinduoduo, China’s leading interactive e-commerce platform, partnered with Mango TV, Hunan’s provincial satellite TV, to present a live broadcast of the “Double 12 Super Night Gala.”
On Nov. 25, e-commerce platform Pinduoduo released a list of its top consumer goods for women in early winter.
Chinese e-commerce platform Pinduoduo Inc. saw increases in revenues and active users in its unaudited financial results for the third quarter ending Sept. 30, 2020.
China’s top health authority issued new guidelines about general disinfection for imported cold chain food.
Milk tea has become a new trend among China’s younger generations. Over the years, we’ve seen some popular milk tea brands emerging in China.
Chinese interactive e-commerce platform Pinduoduo Inc. signed a memorandum of understanding with the Royal Danish Consulate General in Shanghai on Thursday.
Domestic demand serves as the driver of economic growth and the new online economy is helping promote the development of Chinese brands, a recent report said.