Pop icon Jay Chou’s NFT worth 3 million yuan reportedly stolen
Taiwanese pop star Jay Chou posted on social media that his Bored Ape NFT, BAYC #3738, had been stolen and is suspected of falling victim to a phishing attack.
WeChat payment is trialled on the Taobao App
Taobao has opened a small range of WeChat Pay functions for internal testing and has introduced two WeChat Pay payment methods to the payment options.
Two sponsors were slapped with hefty fines in the aftermath of LeEco’s fraud
According to an investigation by the China Securities Regulatory Commission (CSRC), LeEco’s financial fraud began as early as 2007.
China EV maker NIO claims no plans to raise prices in the short term
Recently, several automakers hit by raw material price variations have announced price increases. In response, NIO stated that price stability is beneficial to both users and the market, and NIO has no plans to raise prices in the short term.
Chinese Online Grocer Dingdong apologises for the food safety issue
Dingdong (Cayman) Ltd, one of the most popular Chinese online grocers, apologised for its food safety issue after being accused of selling expired products.
POP MART is revealed to overhype its mystery toy boxes
On March 16th, POP MART was revealed to overhype its mystery toy boxes during the CCTV 315 Gala.
China’s 12315 platform retrieves 5.5 billion yuan in consumer losses
As a bridge between market regulators and consumers, the 12315 platform and other channels accepted 23.812 million complaints and reports from consumers in 2021.
Alipay’s standard list aids in the protection of rights and interests
On March 11, Ant Group’s Alipay (China) has officially released a list of national, industry, group and enterprise standards.
H&M sister brand Monki pulled out of China
Monki, a fast-fashion brand owned by Swedish retail giant H&M, announced the closing of its Tmall flagship store on March 10.
Tesla China raises prices due to supply chain pressure
On March 10, Tesla increased its prices for the Model 3 Performance, Model Y Long Range, and Model Y Performance by 10,000 yuan, according to its website.
Chinese mobile games rake in over $2 billion
Chinese publishers Tencent, NetEase, and miHoYo continue to hold three of the top five seats on the global mobile game publisher revenue list in February 2022.
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Nokia’s brand owner, HMD Global, has withdrawn from the flagship phone competition.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.