NewsLuckin Coffee will pay USD 180 million penalty to settle SEC fraud claimsIn September, Luckin was fined USD 8.83 million in China. 2 mins read
The area is the hometown of Chinese unicorns like ByteDance, Xiaomi, Didi, and Meituan. InsightsHow Zhongguancun became the innovation hub powering China’s tech aspirations6 mins read
The company could raise about USD 1.9 billion in total. NewsiQiyi is selling bonds and shares to boost growth amid tightening liquidity2 mins read
JD.com has been enlarging its offline presence to compete in the era of new retail, which merges online and offline shopping. NewsJD.com teams up with Better Life to expand new retail in Hunan2 mins read
MSCI is removing SMIC from its Global Investable Market Indexes. NewsSMIC co-CEO Liang Mongsong departs as the company hires former TSMC exec2 mins read
The USD 129 billion raised in 2020 mark a historical high for Chinese companies. NewsKEY STAT | Chinese companies raised record-breaking amount of money in global IPOs1 min read
The share of new energy vehicles in China is predicted to rise to 20% of overall new car sales by 2025. NewsBaidu considers entry into electric vehicle production: Report2 mins read
Chinese tech firms JD.com, Meituan, and Didi have also been trying to persuade their users to ditch WeChat Pay and Alipay. NewsPinduoduo unveils payment service Duoduo Pay for its 731 million users2 mins read
Vetreska intends to open additional cat cafes in five different Chinese cities in 2021. NewsPet lifestyle startup Vetreska closes Series B round, launches fashion line for humans2 mins read