Unprofitable Chinese electric vehicle (EV) makers, ravaged by a discount war at home and higher tariffs abroad, are stepping up…
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PDD Holdings shares plunged by more than 10 per cent in pre-market trading, despite a 44 per cent rise in…
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In Beijing, profits of the catering companies with annual revenues exceeding 2 million yuan (US$280,750) fell to 180 million yuan…
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Video-editing app CapCut recorded 38.42 million downloads in July, while chatbot Doubao achieved 27.45 million downloads to outperform OpenAI’s ChatGPT,…
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Chinese online shopping giant JD.com reported a 92 per cent year-on-year jump in quarterly net income to 12.6 billion yuan…
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This equates to an average of 71.43 packages per person, 5,144 packages delivered every second, or 440 million packages moving…
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Chinese artificial intelligence (AI) firm Moonshot AI has halved the price of a new feature on its Kimi large language…
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The US’ China containment strategy and its shift towards re-industrialisation are shrinking the market for competitive industries in high-income economies.…
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ByteDance-owned Douyin, the Chinese version of global hit short video platform TikTok, missed its target gross merchandise value (GMV) in…
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BMW is no longer pursuing a strategy of boosting sales volumes since massive price cuts failed to effectively bolster deliveries…
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