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Pinduoduo plans to help 10 cosmetic brands exceed RMB 1 billion in annual sales in next two years
China's emerging e-commerce platform Pinduoduo will be rooted in China's cosmetic industry in the next two years, cultivating 50 new cosmetic brands with annual sales of more than RMB 100 million, of which 10 with annual sales of more than RMB 1 billion, said Chen Qiu, vice president of Pinduoduo.
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NIO shares surge 10% pre-market as its October deliveries up by 100% year-on-year
Chinese electric vehicle (EV) maker NIO (NYSE: NIO) shares surged 10 percent to $33.69 in pre-market trading, as its October deliveries went up at another high rate.
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China aims to have 20% penetration rate of new energy vehicles by 2025 in new plan
China's "New Energy Vehicle Industry Development Plan (2021-2035)" was released today, which mentioned that by 2025, new energy vehicle sales will reach about 20% of total new vehicle sales.
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NIO founder addresses misconceptions about battery swap mode
In a recent interview, William Li Bin, founder and chairman of NIO, explained the misunderstanding about battery swap mode, saying that battery swap and charging are not opposed to each other.
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CLSA reaffirms buy of BYD HK shares, raises price target by 45%
CLSA reiterated its "buy" recommendation on Hong Kong-traded BYD Company Limited (01211.HK) in a recent report, raising the target price by 45% from HK$131 to HK$190, which is 9.38% higher than the company's closing price on Monday.
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Alibaba sets central China headquarters in Wuhan, expected to be ready by 2026
Alibaba on November 2 announced the launch of the Central China headquarters project in Wuhan, Hubei province, and the park is expected to be completed in 2026.
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Li Auto delivers 3,692 vehicles in October, setting record for third consecutive month
Chinese electric vehicle (EV) maker Li Auto (NASDAQ: LI) said today that the Li ONE, the company's only model on sale, delivered 3,692 units in October, the third consecutive month of record monthly sales.
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Baidu Cloud Phone flagship edition released fro RMB 77 per month
Baidu today announced the flagship edition of its Baidu Cloud Phone for personal users, featuring an ARM quad-core processor, 4GB of RAM and 32GB of storage.
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China-made Tesla Model 3 delivery time extended from 1-2 weeks to 4-6 weeks
China-made Tesla Model 3 delivery date has been changed from 1-2 weeks to 4-6 weeks as customer demand soars, according to information on Tesla China's official website.
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NIO delivers 5,055 vehicles in October, up 100.1% year-on-year
Chinese electric vehicle (EV) maker NIO (NYSE: NIO) delivered 5,055 vehicles in October, up 100.1% year-on-year and marking the eighth consecutive month of year-on-year growth.