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In 2021, Chinese carmakers sold more than 1.85 million units in the overseas market, hitting a significant milestone.
On July 17, Luo Min, CEO of Chinese online credit company Qudian, went viral with a Douyin livestream selling packaged dishes.
Xpeng, Li Auto, and Nio are downsizing as rising costs of raw materials and supply chain disruptions cut into profit margins.
As many US-listed Chinese stocks go low, Hillhouse Capital has bucked the trend, being optimistic towards China-related assets.
Automakers in China is struggling to regain the momentum lost during a citywide lockdown in Shanghai that began in late March.
China plans to build a centralized data center project by 2025. It plans to channel the growing demand for computing and data analysis from the country’s eastern regions to its western regions.
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