Luckin Coffee Deposes CEO and COO Amid Sales Fraud Investigation
Chinese coffeehouse chain Luckin Coffee fired its CEO and COO amid an investigation into the company’s accounting scandal.
5/13/20202 min read
Category: Industry
Showing 6 of 6378 posts in this category
Tencent Distributes Meituan Shareholding Worth of $20B
On November 16, Tencent released its financial report for the third quarter of 2022, and announced its decision to distribute most of its shares in Meituan, which will be completed in March next year. Tencent President Martin Lau has resigned as a non-executive director of Meituan.
11/16/20223 min read
Facebook Releases List of Top 50 Chinese Brands with Great Global Influences
The third annual Facebook Overseas Marketing Summit was held in Shanghai on Sept. 12. At the event with the theme “created by you, loved by the world”, Facebook...
XPeng Receives 500M Yuan in Funding From Guangdong Government
Chinese electric vehicle (EV) maker XPeng Motors announced on Monday that it has secured funding worth 500 million yuan ($77 million) from the Guangdong provincial government.
UNDP Supports Tsinghua University in Organizing Global Dialogue on AI Cooperation and Governance
The United Nations Development Program (UNDP) joined Tsinghua University to support the inaugural International AI Cooperation and Governance Forum which kicked off on Dec. 19.
6/24/20256 min read
Pinduoduo Outstrips Baidu as Fifth Largest Internet Company in China
According to Tencent Technological News, Chinese group buying e-commerce platform Pinduoduo surpassed Baidu in market value, becoming the fifth largest Internet company in China.