J&T Express Acquires Best Inc.'s Express Delivery Business in China for $1.1 Billion
J&T Express and BEST Inc. reached an agreement on Friday to acquire the latter's express delivery business in China at a price of $1.1 billion.
10/29/20213 min read
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J&T Express Caught in the Waves of Lost User's Valuables
J&T Express, an express logistics company, was trending on Twitter-like Weibo on Friday because it had lost one user's graduation documents but was only willing to compensate 10 times the freight fees.
5/13/20223 min read
Meituan CEO Wang Xing Cuts Holdings in Li Auto
According to a document from the Hong Kong Stock Exchange, Wang Xing, who is the co-founder and CEO of Meituan, a Chinese food delivery company, sold 1.33 million shares of Li Auto over three trading days (March 28-30).
4/4/20233 min read
Realme Unveils GT Neo Gaming Phone with Dimensity 1200 Chipset
Chinese smartphone maker Realme on Wednesday launched a new gaming phone - GT Neo, the world’s first Dimensity 1200-powered smartphone.
4/1/20213 min read
Redmi K50 Gaming Edition Smartphone to Be Released February 16
Chinese smartphone brand Redmi announced on Wednesday morning that its Redmi K50 Gaming Edition model will be officially released at 19:00 on February 16.
Canalys: China's Expenditure on Cloud Services Reached $6 billion in the First Quarter of 2021
According to data made available by Canalys on June 23, the expenditure on cloud infrastructure services in the Chinese market grew by 55% in the first quarter of 2021, reaching $6 billion.
6/24/20213 min read
The new trends of sharing economy in China
Anything is possible in business. The “Sharing economy” has penetrated into every aspect of life: sharing bicycle, sharing umbrellas (which though proved to be...
DiDi and SoftBank Establish Partnership in Japan to Provide Platform Services for Taxi Industry
Didi Chuxing, the China’s leading mobile transportation platform, and SoftBank Corp. (“SoftBank”) today announced the establishment of a partnership to provide ...
2/9/20182 min read
OPPO Establishes AI Center to Strengthen Competitive Edge
On January 8th, OPPO's Senior Vice President Liu Zuohu announced that OPPO has established an AI center, which aims to concentrate resources and will be managed by the chief technology officer of OPPO. The goal is to excel in AI and make it a competitive strength of the company.
1/9/20242 min read
CATL and BYD Plan to Start Mass Production of Sodium-Ion Batteries Within This Year
Power battery manufacturer CATL will begin mass production of sodium-ion batteries for vehicles in the fourth quarter of this year. BYD's self-developed sodium-ion battery will also enter mass production later this year.
XPeng Launches New Brand Design, New Logo to Be Unveiled on Friday
Xpeng Motors held a brand upgrade conference with the slogan "HEY XPENG" on Thursday, and released its brand-new logo, concept and core values.
11/18/20212 min read
Internet Firm 2345 Network Sets Up Partnership With CATL
Shanghai-based internet company 2345 Network Holding Group announced on Thursday that its wholly-owned subsidiary has recently invested in a partnership alongside institutions such as battery giant CATL and Guoce Capital.
5/6/20222 min read