Nokia abandons the flagship phone market
Nokia’s brand owner, HMD Global, has withdrawn from the flagship phone competition. Staying competitive in the flagship segment is not easy.
Alibaba announced the sixth public welfare award
On March 3, the “Alibaba public welfare List”, an internal award of Alibaba, was unveiled. The names of the winners and initiatives will be displayed on a Wall of Fame at Alibaba’s Hangzhou headquarters.
Vivo X series officially confirmed to replace NEX series
Vivo abolished the NEX business unit and its affiliated organizations, as part of internal restructuring in February.
Meituan set up a low-altitude logistics tech company in Shenzhen
On March 3, Meituan Low Altitude Logistics Technology Co., Ltd. was founded in Shenzhen, with legal representative Mao Yinian and registered capital of RMB 10 million.
Meituan releases support measures for small and medium-sized merchants
On March 1, Meituan announced several initiatives to help small and medium-sized businesses hit by the COVID-19 pandemic. These initiatives mainly provide assistance from two aspects: cost reduction and income increase.
43-year-old Yang Lijuan takes over as CEO of Haidilao
Chinese hotpot chain Haidilao issued an announcement on the appointment of management personnel. Zhang Yong stepped down as CEO of Haidilao and was succeeded by Yang Lijuan.
Honor expands its team to nearly 5500 R&D personnel
Honor announced that it has established partnerships with over 200 operators and distributors, and has more than 11,000 employees, 50% of whom are R&D personnel.
Chinese EV maker NIO plans secondary listings in Hong Kong and Singapore
On February 28, the Chinese electric vehicle (EV) maker NIO Inc. plans to carry out secondary listings by introduction in Hong Kong and Singapore as it seeks to grow its business in the region. This listing adopts a “way of
28-year-old ByteDance employee died suddenly
On the evening of February 22, a 28-year-old ByteDance employee died suddenly in his workplace gym, according to a post on social media.
Volkswagen intends to acquire Huawei’s self-driving business
Recently, Chinese media reported that Volkswagen Group is negotiating with Huawei and plans to acquire Huawei’s autonomous driving unit for billions of euros. More specific information on the cooperation is likely to be released at the end of March. According
Neta automobile completed over 2-billion-yuan new round of funding
Hozon Auto, the company that owns the Neta auto brand, has recently completed a new round of financing of more than 2 billion yuan. The primary investors are the CRRC fund controlled by the CRRC Corp and Shenzhen state-owned venture
China Post diversifies – opening its first ‘post office coffee shop’ in Xiamen
On February 14th, China Post became the most surprising player on the coffee track. Post Office Coffee, China Post’s first ‘post office coffee shop’, was officially launched in Xiamen. This is a directly owned and operated store by China Post.