Song Jingli

The company was listed in 2017 at USD 13 per ADS.

Analysts are skeptical about the sustainability of Nio’s growth.

The social commerce firm is being criticized for its long working hours.

Chinese consumers are expected to account for 50% of the global luxury market by 2025. Second-hand luxury platforms have also sprung up in China to gain a slice of the market.

Farfetch claims to be the No. 1 global online luxury fashion platform with more than 1,200 sellers.

Although widely criticized in the country, the “996 working culture” is still prevalent in the tech industry.

Rival Tesla started selling its Shanghai-made Model Y on Friday, at a price that is undercutting local competitors.

Alibaba, Tencent, JD.com, Meituan, Pinduoduo, and Didi have been summoned by the regulators.