Insights

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.

Competition is brewing quickly in China’s coffee market, but not all players are feeling the heat equally.

The export situation for Chinese automakers has been quite positive, but looking ahead, how competitive will they remain amidst the shifting dynamics of the global automotive landscape?

Wei Duan, representing EBANX, highlights the company’s pivotal role in facilitating seamless cross-border transactions, unlocking new opportunities in LATAM, Africa, India, and beyond.

It’s complicated, but the decision to ditch its initial plan of spinning off Alibaba Cloud may ultimately work out for the better.