Big Firms
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JD.com Takes on Pinduoduo in Supermarket Showdown with $27.5 Billion Subsidy Pledge
In a significant escalation of the rivalry between China’s e-commerce titans, JD.com has launched a major offensive in the online…
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SHEIN Founder Makes Rare Public Appearance, Pledges $13.7 Billion Investment in Guangdong
In a highly unusual move, the reclusive founder of fast-fashion giant SHEIN, Xu Yangtian, made his first major public appearance…
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Starbucks Explores Strategic Options for China Business, Including Potential Stake Sale
Starbucks is actively evaluating the future of its massive China operations, including the possibility of selling a stake, and has begun…
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Tesla Launches Pre-Sale for Upgraded Model Y in China
According to a message from Tesla’s official Weibo account, Tesla has launched an upgraded version of the Model Y in…
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Honda Accord Now Priced at 15,000 US Dollar in China
“Such a price is virtually a ‘zero down payment’ car purchase,” said a salesperson at a Guangzhou Honda dealership in…
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Tesla’s Cybertruck Confirmed to Enter China, Set to Go on Sale January 1st
The recent brief appearance and subsequent removal of Tesla’s Cyber Off-Road Station Wagon (essentially another name for the Cybertruck) on…
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Apple Steps into the AI Era, Siri Finally Gains Intelligence
While Android devices have been making a big fuss about AI, Apple fans have been waiting for Apple’s AI to…
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Apple CEO Tim Cook’s Pivotal Visit to China Amid Market Volatility and Supply Chain Shifts
In a move that symbolizes Apple Inc.’s enduring commitment to the Chinese market, CEO Tim Cook inaugurated the company’s flagship…
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Mitsui Group Acquires 27.5% Stake in Aker’s Mainstream for EUR 575 Million
Mitsui & Co., Ltd., part of Japan’s Mitsui Group, has agreed to invest 575 million euros (approximately RMB 4.034 billion)…
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$8.5 Billion Acquisition of MGM, Amazon Exposed New Ambitions
On March 17, Amazon announced the completion of its $8.5 billion acquisition of MGM Studios, its second-largest acquisition ever. The…