NIO Denies Rumors of 50% Layoffs
In response to a widely circulated screenshot online alleging that NIO is laying off 50% of its workforce, the company has officially refuted the rumor.
2/20/20252 min read
Category: News
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Super Apps: The Inevitable Future of Integrated Platforms in the Digital Age
The astounding success of super apps like WeChat in China suggests that this model could potentially gain ground in the West as both consumers and businesses increasingly gravitate towards comprehensive platforms that cater to their multifaceted needs.
Alibaba International Surpasses Expectations: Earnings Report Reveals Impressive Growth under Jiang Fan
On August 10, Alibaba Group released its financial report for the three months ended June 30, 2023, delivering a solid quarter marked by revenue of $32 billion, representing a year-on-year growth of 14%.
Gushenxing-1 Will Carry out China's First Private Rocket Sea Launch Mission
On August 31st, Galactic Energy will soon carry out the launch mission of "The Gushenxing-1 Sea Launch Type" commercial carrier rocket, codenamed "The Little Mermaid". At the same time, the emblem of the carrier rocket has also been officially unveiled.
8/31/20231 min read
Chinese Brain-Computer Interface Company, Claims Its Technology Has Surpassed Neuralink
Huang Li confidently stated that Guide Infrared has surpassed the much-watched Neuralink company on multiple key indicators of brain-computer interface technology.
2/24/20252 min read
Top Chinese Governing Bodies Call '996' Work Culture Illegal
On Thursday, top Chinese governing bodies released a collective memo, saying that the '996' work culture - a 12-hour, six-day working schedule - represents a serious violation of the law pertaining to maximum work hours.
8/27/20213 min read
Corporate Changes Completed at Ant Group
Ant Group has restructured its shareholder setup in January to align voting rights with economic interests, eliminating the potential for single or joint shareholder control.
1/24/20242 min read
Second Stage of Tesla Gigafactory Shanghai Project Completed
On August 2, Shanghai enterprises and institutions environmental information platform showed the details of a construction project in which part C of the second stage of Tesla's Gigafactory Shanghai Project (Phase I) was completed.
8/2/20223 min read
Maserati China Changes Leadership, Appoints Yu Hanbang as General Manager of China
Luxury car brand Maserati announced on September 25th that Yu Hanbang has been appointed as the new General Manager of China.
Alibaba Considers Selling Intime Retail in Strategic Shift
Alibaba Group is reportedly contemplating the sale of its retail subsidiary, Intime Retail, as part of a broader strategic reassessment.
Geely-backed EV Brand Jiyue Faces Business Collapse, with Sudden Large-Scale Layoffs and Multi-Debt Defaults
On December 11th, Xia Yiping, CEO of the Chinese electric car brand Jiyue, sent out an internal message to his employees admitting that the company is currently "facing challenges and needs to make immediate adjustments".
Elon Musk Visits Beijing, Meets with Chinese Trade Officials
Elon Musk arrived in Beijing this afternoon, and was received by CCPIT Chairman Ren Hongbin for discussions on future cooperation and other related topics.
4/28/20242 min read