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Tencent-backed Kuaishou invests in comic startup Crossingstar as China's manga scene grows
The social and gaming giant is actually an earlier investor for this startup.
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It collected "multiples of RMB 100 million" from investors including New Oriental Education.
It seems that this is not Carsten Breitfeld's first invitation to steer a Chinese EV startup.
The company pins hopes on the new tea business amid widened losses.
Short video platforms are tapping into e-commerce.
WM's two co-founders and CFO used to work for Geely.
Luckin is taking a page from the likes of Starbucks to sell coffee mugs as an extra revenue source.
Nio has only fulfilled less than 30% of its annual sales target.
ByteDance wants to keep its growth momentum.