NIO CEO: 10% Position Cut by End of the Month
In a memo addressed to the entire company, NIO CEO Li Bin mentions that the company plans to reduce approximately 10% of positions, and the specific adjustments will be completed in November.
Tag: #Featured
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Rape Accuser of JD.com's Richard Liu Asks for Punitive Damages
Last Friday, a Minnesota court held a four-hour hearing in which Liu Jingyao, the accuser, asked for punitive damages from both Richard Liu and Chinese e-commerce giant JD.com. She attended the hearing in person.
6/29/20225 min read
Baidu Reveals 5 Hottest Searches as China Recovers From COVID-19
Despite the impact of COVID-19 wearing off, the everyday life of Chinese people after the quarantine is vastly different from before.
CATL Introduces Ultra-Fast Charging Battery with 400km Range in Just 10 Minutes
On the afternoon of August 16th, at the Ningde Times new product launch event, the world's first 4C ultra-fast charging lithium iron phosphate battery 'Shenxing Supercharge Battery' made its official debut.
Xiaomi Refutes Rumored Halt of Automaking Project
Reports surfaced on November 2 claiming that Xiaomi's vehicle manufacturing project has been called to a stop. The Chinese consumer tech giant later stated that its automotive business is progressing smoothly and that it does not address rumors.
11/2/20223 min read
Four Post-95s College Students Produce Document of Chinese Companies' Working Schedules
A document named "WorkerLivesMatter" that has covers specific departments in over 1300 Chinese companies has been viewed over 100,000 times by October 12th.
10/14/20212 min read
Aquaman's Trident vs. Monkey King's Staff — Who Will Win?
With this trident, you can control the whole ocean, everything. But only a true king can wield it in their culture. Spoiler Alert* Arthur Curry, Aquaman, ...
Alibaba Shares Plunge Most Ever after Monopoly Investigation Announced
Alibaba Group Holding’s U.S.-listed shares plunged 13.3% to $34.18 on Dec. 24, after news broke that the e-commerce giant will be investigated by anti-trust regulators.
Another Bike Sharing Company Bites the Dust: Employees Say Bluegogo is Gonegone
On November 15, Bike sharing company Bluegogo employees posted on a professional social platform that Bluegogo had been disbanded, and it will continue to defau...
ByteDance Confirms Independent Chip Development
On July 19, a spokesperson for ByteDance confirmed that the company is exploring chip designs for its own use in specialized areas, as it could not find a supplier capable of meeting its requirements.
XPeng to Open First Self-Operated Stores in Sweden and the Netherlands
Chinese electric vehicle brand XPeng Motors plans to expand its business to Sweden and the Netherlands.
2/11/20222 min read
Douyin Partners with ZTO Express and YTO Express to Test Express Delivery Services
The new product offering aims to address issues with telephone contact numbers, door-to-door delivery issues, and poor service attitudes that happen during traditional package delivery services.
1/12/20222 min read