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WeChat launches mini-store to compete with Alibaba
The WeChat team today announced that the mini-store, which began internal testing on July 24, is fully open to companies, individually owned businesses, and individuals.
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Tesla exec says China-made Model Y will roll off production line early next year
The China-made Model Y will begin rolling off the production line at the Shanghai Gigafactory in early 2021, cls.cn cited an unnamed Tesla executive as saying on August 20.
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NIO launches BaaS battery rental service, brings car prices down by about $10,000
Chinese electric vehicle (EV) maker NIO today announced its BaaS (Battery as a Service) battery rental service, which eliminates the need for buying the battery for all NIO models and reduces the price of a car by at least RMB 70,000 yuan (about $10,000).
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Huawei leads Russian online smartphone market in Q2
Russian online smartphone sales rose sharply in the second quarter, with Huawei continuing to hold the top market share.
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NIO sets up battery asset company, CATL has taken a stake
The NIO-led battery asset management company, Wuhan Weineng Battery Asset Co. has been established on August 18, according to data provider Qichacha.
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GAC NIO promises never to 'profit' more than 1% as it becomes 1st car maker to publish BOM costs
Liao Bing, founder of Chinese electric car maker GAC NIO, promised at a presentation in Beijing on August 18 that its combined hardware profits would not exceed 1% and any excess will be returned to customers.
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Luckin Coffee's single-store cash flow has turned positive, with over 4,000 stores returning to normal operations
Excluding the stores that are not yet open for business, Luckin Coffee, which is embroiled in the financial fraud controversy, has seen cash flow turn positive in stores that have resumed normal operations, the Securities Daily said, citing sources close to the company.
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India's largest telco rules out Huawei, ZTE in 5G trials
Bharti Airtel, India's largest telecom operator, plans to rule out Chinese vendors Huawei and ZTE in its upcoming 5G trials in favor of European suppliers, according to the ETTelecom.
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What is the difference between NIO, Li Auto and Xpeng? Financials tell everything
With NIO, Li Auto already publicly traded in the US, and Xpeng set to go public in the US this month, there's a direct and measurable differentiation between these three Chinese EV companies based on their first half of 2020 performance.
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Alibaba Cloud will use AI to improve Beijing's traffic congestion
Alibaba Cloud announced today that it will fully serve the construction of Beijing City Brain, using AI to alleviate local traffic congestion problems.