China

Average monthly active users only increased 30% YoY to 223.3 million.

Co-CEO Zhao says chip shortage will last at least until end of 2021.

EV deliveries increased nearly 500% compared to the same quarter in 2020.

Alibaba’s new investment strategy includes three main areas, including domestic consumption, globalization, and cloud and advanced technologies.

Lu was booted from Luckin and evaded criminal charges. Now, he’s about to launch a 500-store noodle chain.

The Guangzhou-based firm expects to roll out truly driverless robotaxi services without safety operators in China by 2021.

Tencent doesn’t have a platform to directly rival Alibaba’s Taobao, but it remains relevant in the e-commerce space thanks to WeChat and investments in other e-commerce platforms.

The company is a spinoff of Chicago-based MRO products giant Grainger.