On October 24, news emerged that China Mobile, a multimedia service provider through its nationwide mobile telecommunications network, might take a stake in Chinese tech giant Tencent, which was subsequently denied by Tencent.
Charles Lu, the former chairman of Luckin Coffee, and Jenny Qian, the firm's former CEO, announced on October 22 that the first location of Cotti Coffee has opened in the eastern Chinese city of Fuzhou, adding that the "team of coffee dreamers is starting the journey again."
European enterprises are increasing their investment in China one after another. In the field of automobile manufacturing, the increasing pace of foreign investment is more apparent.
Xiaomi founder Lei Jun shared his thoughts on the global electric vehicle industry on October 19, writing on Twitter that the only way for Xiaomi to succeed is to be among the top five leading brands, shipping more than 10 million cars annually.
It was reported that at about 17:31 on October 18, the global daily active users (DAU) of TikTok, a world-famous short video sharing app under ByteDance, exceeded 1 billion. Company insiders later responded that the news was untrue.
Yitang Zhang, a Chinese-American mathematician, reportedly disclosed in an online salon organized by the Peking University Alumni Association on October 15 that he has proven the longstanding Landau-Siegel zeros theory.
Global game engine giant Unity's affiliate in China added several new shareholders, including subsidiaries of ByteDance’s Douyin, game developer miHoYo, smartphone maker OPPO, and multimedia service provider China Mobile.
According to data released by the China Passenger Car Association, the cumulative retail share of Chinese car brands in the first three quarters of this year was 47.0%, up 7.5% year-on-year. International luxury brands and joint ventures are now showing downward trends in China.
A topic reading "Why Tesla [China] refused job applications from former employees of XPeng Motors" on a Chinese Quora-like Q&A platform recently triggered heated online discussion.
The US’s Bureau of Industry and Security added 31 new Chinese entities to an "Unverified List" on October 7, a move that affects fields like electric vehicles, aerospace and even smartphones.
Chinese new energy vehicle and battery giant BYD plans to invest 5 million yuan ($695,778) in an expansion project involving Shanghai BYD Co., Ltd. The eastern Chinese metropolis also hosts one of Tesla's Gigafactories in its Lingang New Area, Pudong District.
Shen Peng, the founder of insurance tech platform Waterdrop Inc., said at a forum in Singapore that when exploring overseas markets, Chinese companies cannot copy China's prevailing "996" work culture – a 12 hours per day, six days per week working schedule.
Chinese electric vehicle company NIO unveiled its ET7, EL7 and ET5 models for sale in Germany, the Netherlands, Denmark, and Sweden at a European launch event held in Berlin on October 7.
Chinese electric vehicle startup Leapmotor was officially listed in Hong Kong on September 29, with an opening price of HK$41 ($5.22) per share, 14% lower than its issue price of HK$48 ($6.11).
BYD, a leading Chinese manufacturer of new energy vehicles, announced on September 28 that it has entered into a cooperation with Bustami & Saheb Trading Company (BSTC), Jordan's leading car dealership group.
Shopee, an e-commerce giant with operations in Southeast Asia, reportedly demanded that laid-off employees pay compensation for damaged work computers. Shopee then confirmed this policy.
On September 22, PICO, a VR brand owned by ByteDance, held a new product launch event, and officially released the new PICO 4 series of products to Europe, America, Japan, South Korea and Southeast Asia.
