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Huawei Aims to Best Samsung in Display Circuits - Tech giant’s strategy targets better image performance for its products against major competitors → Read More
China Mobile Managing Director and CEO Retires at 60 → Read More
Bidders for Gree Electric’s 15% Stake Sale Narrows to Two → Read More
Luckin Spins Off Bubble Tea Business Just Five Months in Sector → Read More
Ubiquitous do-it-all platform WeChat has blocked access to a viral new face-swapping app over privacy concerns. The app, Zao, was released Friday and became an immediate hit. Users can insert themselves into their favorite movie or TV show after uploading a selfie. But as of Sunday, video links to the app were no longer accessible on WeChat. Besides the obvious concerns that arise from unknowing… → Read More
Group Discounter Pinduoduo is Now Worth More Than Baidu → Read More
Investors Give Cold Shoulder to Upbeat Xiaomi Earnings → Read More
How Huawei Dominated China’s Q2 Smartphone Shipments → Read More
Huawei Concerns Prompt U.S. Manufacturing Giant to Lay Off 10,000 In China → Read More
Smash Hit ‘Nezha’ Poised to Break Record for Animated Films → Read More
‘Patriotic Purchases’ Drove Huawei’s Record Q2 Smartphone Share: Analysts → Read More
Xiaomi was a big disappointment when investors valued it at just $54 billion following its first trading day in Hong Kong last July — far below the $100 billion some had expected for the world’s No. 4 smartphone maker. One year later, that disappointment has only gotten deeper as Xiaomi struggles with a sluggish stock performance that shows no sign of easing. Xiaomi’s shares plunged in January… → Read More
Starbucks Launches New Takeout-Focused Concept Store — with ‘Limited’ Seating → Read More
Xpeng Employee Admits Uploading Tesla Source Code to His Personal Account → Read More
Online Discounter Vipshop Acquires Offline Outlet Stores → Read More
After setting up an online store for Chinese customers five years ago, Costco Wholesale Corp. is set to open its first brick-and-mortar store in the country at the end of August. The store in Shanghai’s Minhang district will open to customers on Aug. 27, the U.S. supermarket giant said on its official WeChat account last week. Costco’s model in North America has been based on families buying… → Read More
Cars traveling across China will no longer need to stop at toll booths to cross into the next province. Tolls are going electronic. Over the next two years, China will dismantle all provincial borders’ physical toll booths, the State Council announced last week. A cashless tolling system dubbed Electronic Toll Collection (ETC) will be implemented in their place. Chinese Premier Li Keqiang first… → Read More
When it comes to Baidu’s voice assistant, DuerOS, making money doesn’t appear to be a huge priority now. A vice president of the internet search giant said the company will continue investing in DuerOS without a timeline for profiting from the business. Jing Kun, general manager of Baidu’s Smart Living Group (SLG), made the comments in an interview with Caixin last week. He was promoted to vice… → Read More
A Mercedes-Benz dealership has been fined one million yuan ($144,990) after a customer complaint in April sparked public outcry. Last month, a Benz owner in Xi'an, in northwest China’s Shaanxi province, complained that the car she had just purchased began to leak oil before it had even left the dealer’s lot, and that the dealer refused to offer a replacement. She also said the dealer had charged… → Read More
Baidu is bringing fresh blood to its management board as the Chinese internet search giant seeks to monetize new AI initiatives and shore up its core online advertising business. The company has added a total of eight vice presidents – some internally promoted, some external hires – to its executive team of over 20 members over the past year. The latest personnel move came earlier this week when… → Read More