Luckin Coffee Denies Short Selling Allegations As Share Price Rebounds 15.6%
Shares of Luckin Coffee, Chinese coffee retail chain, rose 15.6% to $36.24 in afternoon trading on Tuesday, closing at $36.63 after hours.
2/5/20202 min read
Category: Industry
Showing 12 of 6378 posts in this category
Leading Intelligent Lighting Company Yeelight Completes Round E Financing of 300 Million Yuan
Yeelight, an intelligent lighting company, announced the completion of the round E financing worth 300 million yuan (about $47.1 million).
12/29/20213 min read
Baidu COO Lu Qi Steps Down, Wang Haifeng takes over AI projects
Baidu Inc. COO Lu Qi has resigned and will no longer serve his current position after July 2018. SEE ALSO: Baidu CEO: Chinese consumers favor efficiency at the...
Meituan and Ele.me to Strictly Forbid Inducing or Forcing Delivery Riders to Register Individual Industrial and Commercial Households
Rumors have spread concerning food delivery platforms requiring their riders to register as individual industrial and commercial households, so as to avoid a responsibility that companies should bear. Meituan and Ele.me responded.
9/15/20213 min read
System Optimization Software Company Ludashi Lists in Hong Kong, Shares Soar 104% Within a Day
Ludashi (lit. Master Lu), a computer system optimization and security firm recently spun off by the Chinese Internet conglomerate Qihoo 360, went public in Hong Kong on October 9.
10/10/20192 min read
Tencent Sues OPPO Again for Unfair Competition
Chinese tech giant Tencent had added a new court notice. The firm is attempting to sue three companies, including OPPO, for unfair competition.
10/12/20223 min read
Online Used Car Dealer Uxin Receives New Financing of $100M
Uxin Limited, an online used car trading platform based in China, announced on Monday that its existing shareholders Nio Capital and Joy Capital have signed a binding letter of intent for investment in the company.
5/17/20222 min read
Bitcoin Plunges After China Issues New Bans on Cryptocurrency Transactions
Prices of bitcoin and other cryptocurrencies tumbled on Wednesday after the Chinese government imposed fresh curbs on banks' use of digital money, further fueling concerns sparked by tweets of Tesla CEO Elon Musk.
5/20/20213 min read
OPPO Find X8 Will Be Released on October 21 at the Earliest
A blogger revealed that the OPPO Find X8 phone will be released as soon as October 21, along with new products such as the OPPO Pad 3 Pro and OPPO Enco X3.
Tencent's WeChat Pay Cooperates with Unionpay QuickPass and 10 Banks
11 institutions' apps including Unionpay QuickPass, Industrial and Commercial Bank of China, China Construction Bank, and Bank of China have all been promoting cooperation with Tencent's WeChat Pay.
11/15/20211 min read
BOSS Zhipin Obtained 4.26B Yuan in 2021 Revenue
On Wednesday, Chinese online recruitment platform BOSS Zhipin, operated by Kanzhun Limited, released its unaudited financial results for the fourth quarter and full year of 2021.
3/25/20223 min read
China’s Most Popular Online Video Platforms
Now, after a decade of development and vicious competition, a slew of video platforms and short video apps have emerged at the top of the Chinese online video streaming game.
4/25/20205 min read