NewsLuckin Coffee has bigger ambition for selling tea as it spins off Luckin Tea brandThe company pins hopes on the new tea business amid widened losses. 2 mins read
Short video platforms are tapping into e-commerce. NewsTencent-backed Kuaishou sells USD 14 million goods via short video app in 3 days2 mins read
WM’s two co-founders and CFO used to work for Geely. NewsGeely sues EV rival WM Motor in China’s first IP legal battle between gasoline and EV forces2 mins read
Luckin is taking a page from the likes of Starbucks to sell coffee mugs as an extra revenue source. NewsOther than coffee, Luckin now wants to sell merchandised cups in China2 mins read
Nio has only fulfilled less than 30% of its annual sales target. NewsChinese EV maker Nio dangles ‘zero down payment’ in Shanghai to pursue sales target1 min read
ByteDance wants to keep its growth momentum. NewsByteDance reshuffles management in bid to build a third app with 100 million DAU1 min read
The company is one of the only four companies to receive a robotaxi license from California. NewsShanghai ties up with startup AutoX to pilot robotaxi operations2 mins read
Although the two companies started their business widely differently, they are now quite into each other’s space, influencing the country’s internet economy. Insights10 fields where Alibaba and Tencent compete head to head5 mins read
Basic computer programming skills are now considered a must-have for children. NewsSequoia-backed Xigua Chuangke, which sells online programming courses, raises USD 21 million2 mins read
