Insights

While rumors circled around Luohan Academy’s closure, it is Damo Academy—Jack Ma’s other “training ground”—that bears a greater responsibility for future profit generation.

In any application scenario, there’s likely a Chinese-made robot ready to efficiently and cost-effectively fulfill those needs.

The transfer of a significant number of employees from ByteDance to Pico has stirred internal strife, posing a threat to further derail the company’s progress.

Numerous companies are vying to replicate Lululemon’s triumph in China and worldwide. Will Maia Active succeed in achieving this feat following its acquisition by Anta Sports?

Contrary to a lack of ambition, Pico’s failure is more closely tied to the pursuit of applications that didn’t align with the strengths of VR technology.

Like other Chinese VR businesses, Pico viewed Meta as the benchmark for success. Attempting to emulate the American tech giant, however, contributed to its downfall.

ByteDance invested approximately RMB 20 billion in Pico, but even that substantial amount of funding could not avert the decline of the VR business.

Critics may claim Polestar lacks innovation by not opting for in-house R&D. But Thomas Ingenlath, its CEO, is adamant about the benefits and alignment with Polestar’s overall vision.