February marks the eighth consecutive month of decline in the world’s largest EV market since government subsidies were slashed in June.
Baidu’s guidance about the first quarter cast a shadow over its better-than-expected Q4 results, which saw profits soar 200% year on year.
Revenue for Chinese search giant Baidu contracted 1% in the second quarter compared with the same year-ago period, with the company warning that the downward trend could continue in the second half of 2020. Why it matters: Baidu narrowed a revenue decline from the first quarter, showing some signs of recovery after the Covid-19 outbreak […]
Total handset sales in China surged by 241% in March compared with February but more than one third of Chinese consumers have delayed new phone purchases.
Delivery platforms have rolled out a “contactless delivery” feature to prevent direct contact between drivers and customers.
China’s online travel platforms have seen transportation and hotel reservations rise as the Covid-19 epidemic shows signs of leveling off.
China’s QR code quarantines rely on low-tech implementation. While some local governments are all in on using these systems, others are ignoring them.
As China imposes strict measures to stop the spread of Covid-19, electric vehicle sales will be severely affected, extending last year’s slump.
A pickup in lifestyle services shows that life is returning to normal as Covid-19 levels off in China, and that it is increasingly digital.
K-12 online math and science education platform Huohua Siwei received $150 million in a third batch of its Series E, which totals $400 million.