Users are buying older iPhones, such as the 6, 6S, and 6S Plus, as well as second-hand models.
Joining hands with Chinese tech giant Baidu, Beijing Environmental Equipment Company, a subsidiary of Beijing Environmental Hygiene Group, launched seven autonomous driving vehicles for urban environment cleaning, local media is reporting. Based on Baidu’s open-source autonomous driving platform Apollo, the seven autonomous driving vehicles launched on September 28 are designed to fulfill various tasks in urban city […]
The company is undergoing the third large-scale reorganization since its founding 20 years ago.
Didi announced via their official WeChat account on May 24 that their food delivery service, Didi Foodie, will formally land in its second city, Nanjing, on June 1. On April 9, Didi launched its first foodie service in Wuxi. According to the company, the service in Nanjing will follow strict food safety and delivery standards. […]
Editor’s note: A version of this post by Hans Tung and Zara Zhang first appeared on Han’s blog. Hans Tung is a managing partner at GGV Capital. Zara Zhang is an investment analyst at GGV Capital. ByteDance and Musical.ly are GGV portfolio companies. For more on ByteDance, listen to their interview with Liu Zhen, senior vice president of ByteDance (and […]
New retail is no longer fresh now. When Jack Ma first proposed the new retail concept at the company’s annual Yunqi Conference in October of 2016, he said: “There is no e-commerce in the next ten years or twenty years, there’s only new retail.” As a result, almost all businesses began to call themselves new retailers. Some […]
Blocks, viral videos, accusations, and lawsuits: controversies surrounding short video sites in China continue to mount. The protagonists? Toutiao’s Douyin and Tencent’s WeChat. A post dated May 22 on Douyin’s public WeChat account, “Sorry, Douyin fans”, accused Tencent of discrimination by taking down a lot of individual “healthy” video posts, while simultaneously accusing the company […]
In April, the US announced a 7-year ban on ZTE. This China’s leading communication player was found to have violated a ban on shipping US technology to Iran. The sanctions will bar ZTE from purchasing essential US components. President Xi, summarizing lessons learned from the ZTE case, stressed the concept of “core technology” (in Chinese), referring to […]