NewsUber to lay off 3,700 employees of its global workforceThat’s almost 14% of its staff around the world. 2 mins read
User can order laundry services for clothes, shoes, and luxury bags on channels including 24Tidy’s own app, its WeChat account and Meituan. NewsCHINA BRIEF| On-demand laundry service provider 24Tidy acquires rival Tiantianxiyi at USD 135 million1 min read
A probe over its accounting fraud is being conducted by SEC and its Chinese counterpart, the CSRC. NewsLuckin blames internal investigation and COVID-19 as reasons for missing annual report deadline2 mins read
However, Yonghui Superstores’ stock dived more than 6% following the announcement. NewsCHINA BRIEF | Supermarket chain backed by Tencent and JD.com reports nearly 40% increase in Q1 net profits1 min read
Modeled after Uber Works, Viec.co rapidly matches temporary workers with jobs at local enterprises. InsightsA Vietnamese staffing platform for blue-collar workers shifts gears to weather the pandemic: Startup Stories3 mins read
Watchdogs cooperate with US over fabricated-sales scandal. NewsChinese regulators raid Luckin offices and seize documents2 mins read
Amid competition from Luckin, Starbucks hopes to digitalize its services in the country. NewsCHINA BRIEF| Starbucks teams up with Sequoia Capital China to co-invest in beverage startups1 min read
The food delivery boom has been a lifesaver for many restaurants in China as they flock to online channels amid social distancing. InsightsHow China’s delivery services platforms are evolving, from smart lockers to ‘semi-finished’ meals6 mins read
The firm plans to launch passenger test rides with its autonomous driving vehicles in 2021. NewsCHINA BRIEF | Geely-backed Caocao Chuxing to test driverless ride-hailing service in mid-20201 min read
