DXY is looking to benefit from the booming cosmetic medicine segment, which is expected to be worth RMB 360 billion by 2023.
Posted inWith Chinese Characteristics
Ask China Anything: What do you think of idol culture in China?
Lawyers for Cai Xukun want users of video site Bilibili to take down their viral, satirical videos of the Chinese pop star.
Posted inHeavy Hitters
Briefing: WeChat update takes cue from Douyin, removes ‘Drift Bottle’ feature
The most recent version enables background music for short video posts and allows users to comment on videos.
Posted inUp and Comers
Rising popularity of plastic surgery lifts So-Young’s Nasdaq IPO
The company will use the funds to improve online consulting services with intelligent algorithms, and develop video-streaming features.
Posted inTurf Wars
Briefing: Nio blames EV fire on chassis impact
The ES8 fire came a day after a Tesla Model S self-combusted in a parking garage in Shanghai.
Posted inOn the Cusp
Briefing: US expects improved access to China’s fast-growing cloud market
The Chamber of Commerce wants US cloud service providers to hold licenses and retain management control in China.
Posted inHeavy Hitters
TikTok returns to app stores after India ban
The ban cost TikTok more than 15 million first-time users in India.
Posted inUp and Comers
Zhuhai government invests in embattled smartphone maker Meizu
Meizu shipped only 8 million units in 2018, ‘mainly due to lack of funds.’
Posted inOn the Cusp
China Tech Investor 23: Is Luckin Coffee a real business?
Michael Norris discusses Luckin Coffee’s IPO and how much of the business actually makes sense.
Posted inThe Numbers
Xiaomi disputes IDC’s estimate of its Q1 smartphone shipments
Research firm IDC estimated in a report released April 30 that Xiaomi’s smartphone shipment volume for Q1 2019 fell 10.2% to 25.0 million units.