Video-editing app CapCut recorded 38.42 million downloads in July, while chatbot Doubao achieved 27.45 million downloads to outperform OpenAI’s ChatGPT, which had 19.81 million in the same period, according to …
Chinese online shopping giant JD.com reported a 92 per cent year-on-year jump in quarterly net income to 12.6 billion yuan (US$1.7 billion), despite a flattish revenue, as better operational efficiencies …
This equates to an average of 71.43 packages per person, 5,144 packages delivered every second, or 440 million packages moving across China every day. Per the same data, peak daily …
Robin Zeng, the founder and chairman of Contemporary Amperex Technology Ltd (CATL), has urged Chinese electric vehicle (EV) builders and car component manufacturers to cease the price war engulfing the …
Chinese tech shares have raced ahead of earnings, and investors expect companies to deliver in an improving economy before buying more stock, according to an analyst who once questioned the …
Xu was among the business leaders who met Xi in East China’s Shandong province on May 23 when the Chinese president struck a pro-business and pro-growth tone to reassure bosses …
In its latest report about Chinese companies’ globalisation drive and overseas investment strategy, Bain suggests EV assemblers set up production facilities in the regions where they aim to grab market …
China’s premium electric car makers can expect a smooth road ahead of them in 2024 as both consumer demand and product margins improve, giving the assemblers a respite from a …
“This is not a good sign for Chinese automotive companies as we accelerate our pace of going global.” China is the world’s largest automotive and EV market, with nearly four …
Li Auto, Tesla’s closest competitor in China’s electric-car market, reported weaker than expected results for the first quarter as deliveries failed to match expectations and margins came under pressure amid …