In Beijing, profits of the catering companies with annual revenues exceeding 2 million yuan (US$280,750) fell to 180 million yuan…
Read More »price war
Video-editing app CapCut recorded 38.42 million downloads in July, while chatbot Doubao achieved 27.45 million downloads to outperform OpenAI’s ChatGPT,…
Read More »
Chinese online shopping giant JD.com reported a 92 per cent year-on-year jump in quarterly net income to 12.6 billion yuan…
Read More »
This equates to an average of 71.43 packages per person, 5,144 packages delivered every second, or 440 million packages moving…
Read More »
Chinese artificial intelligence (AI) firm Moonshot AI has halved the price of a new feature on its Kimi large language…
Read More »
The US’ China containment strategy and its shift towards re-industrialisation are shrinking the market for competitive industries in high-income economies.…
Read More »
ByteDance-owned Douyin, the Chinese version of global hit short video platform TikTok, missed its target gross merchandise value (GMV) in…
Read More »
BMW is no longer pursuing a strategy of boosting sales volumes since massive price cuts failed to effectively bolster deliveries…
Read More »
China Grand Automotive Service, the mainland’s second-largest car dealer in terms of sales, is set to be expelled from the…
Read More »