COVID-19 Archives

Haidilao to Reopen Stores Closed for Cost Reductions

Haidilao, a popular Chinese hot pot restaurant chain, on August 30 released its financial report for the first half of this year. The company is considering the possibility of resuming operations at some stores that had been closed under last year's cost reduction plan.

CRM Software Service Provider Salesforce Dissolves China Division

The China division of Salesforce, a customer relationship management (CRM) software service provider, announced on August 3 its dissolution, and Salesforce's office in Hong Kong was also closed.

Alibaba’s Cainiao to Build Emergency Logistics System with 17 Public Welfare Organizations

On July 28, 17 non-profit organizations formally signed contracts with Cainiao to help build an emergency logistics system. Cainiao will provide complete emergency logistics solutions.

ByteDance Invests in Cryo-EM and AI Biotech Startup Shuimu BioSciences

Beijing-based tech giant and TikTok owner ByteDance has recently ventured into the life sciences sector. Last October, the firm invested in biotech startup Shuimu BioSciences.

Haidilao’s Overseas Business Subsidiary Applies for HKEx Listing

Super Hi International Holding Ltd., the overseas business subsidiary of Chinese hot pot restaurant chain Haidilao, formally submitted a prospectus to the Hong Kong Stock Exchange (HKEx) on July 13, planning to list on its main board by way of introduction.

Alibaba Health Releases ESG Report Covering Healthcare, COVID, Carbon Emissions

Alibaba Health, the flagship healthcare platform of Alibaba Group, recently published its Environmental, Social and Governance (ESG) Report for April 1, 2021 through March 31, 2022 (Financial Year 2022).

Tesla Shanghai Gigafactory Might Restore Full Production in June

Tesla Shanghai Gigafactory's output capacity is reportedly at basically the same level as before the lockdowns, and it is expected to restore normal production in June.

Home Appliance Enterprise Midea Commences Layoffs in Non-Core Business

A rumor appeared recently that Midea Group, a home appliance enterprise, had begun mass internal layoffs. On May 19, Midea responded that this year, the company has decided to shrink its non-core business and suspend its non-operating investment.

Community Group Buying in Pandemic-Stricken Shanghai

For people in Shanghai during the latest lockdown, informal community group buying is proving to be a more effective strategy for obtaining food than online grocery platforms.

Affected By Pandemic, Ride-Hailing Orders in China Fell 29% YoY in March

China's Ministry of Transport on Tuesday released operation data for the domestic online ride-hailing industry in March. The state platform witnessed 539 million orders in March.

NIO Suspends Complete Vehicle Production Due to Outbreak

Chinese new energy vehicle firm NIO Inc. announced on April 9 that due to domestic COVID-19 outbreaks, it has suspended its production of complete vehicles.

Alibaba’s Ele.me, Hema Fresh and Cainiao Send 3,000 Frontline Workers to Aid Shanghai Lockdown

Platforms under Chinese internet technology giant Alibaba have actively organized qualified frontline workers to ensure Shanghai's supply and distribution of goods.

Supply Chains Feeling Pinch as Shanghai Lockdowns Endure

Shanghai lockdowns are having ripple effects on global supply chains, as factory workers and logistics personnel have been subjected to home quarantine and mass testing.

Tesla’s Shanghai Gigafactory to Extend Production Suspension

Tesla has canceled plans to resume production at its Shanghai factory this weekend as the city launched a two-stage lockdown to combat a surge in COVID-19 cases.

Shanghai Stock Exchange to Offer Online Services Amid City Lockdown

On Sunday evening, the Shanghai Stock Exchange issued an urgent notice to make adjustments and convergence arrangements to cope with the city's snap lockdown.

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