Chinese Companies Archives

China’s Electric Vehicle and Lithium Battery Exports See Impressive Performance

The General Administration of Customs of China reported that the export of electric vehicles, lithium batteries, and solar cells reached 264.69 billion yuan ($38 billion) in the first quarter of 2023, a year-on-year increase of 66.9%.

Ad Agency BlueFocus Halts Outsourcing Copywriting to Adopt Generative AI

BlueFocus, a well-known Chinese advertising service provider, issued an internal email stating that "The management has decided to indefinitely suspend all outsourcing expenditures related to creative design, proposal writing, copywriting, and short-term employees."

JD Retail Initiates Major Organizational Transformation

Leading Chinese e-commerce company JD.com's retail business is undergoing a major organizational change to respond to development in the increasingly competitive environment.

Vivo X Fold2 Foldable Smartphone Unveiled

On March 30, Chinese smartphone company vivo announced that it has become a strategic partner of the Boao Forum for Asia in 2023. At the forum, vivo officially unveiled its vivo X Fold2 foldable smartphone.

OnePlus 11 Jupiter Rock Limited Edition to be Unveiled March 29

Chinese smartphone brand OnePlus announced that it will launch the OnePlus 11 Jupiter Rock limited edition at 14:30 on March 29.

Chinese E-Commerce Platforms Start Applications for ChatGPT to Business

As soon as ChatGPT was released, it aroused some discussion. In the cross-border e-commerce sector, many enterprises have started to access ChatGPT to improve operational efficiency.

Tencent’s Net Revenue and Profit Declines in 2022, Q4 Net Profit Increases By 19%

Leading Chinese tech firm Tencent released its 2022 Q4 and full-year financial report on March 22.

XPeng Motors Continues Adjusting Organizational Structure With Cost Control at Core

A leaked memo from XPeng Motors, a Chinese intelligent electric vehicle company, shows that the company is still continuing its organizational structure adjustment. A new financial platform was recently set up within the firm, aiming at improving cost controls and the compliance ability of the financial system.

First China-Made C919 Passenger Jet Starts 100-Hour Inspection Flight

The world's first C919 passenger jet received by China Eastern Airlines kicked off a 100-hour inspection flight on December 26.

NetEase, Cotti Coffee, Other Chinese Firms Sponsored World Cup Winner Argentina

To cap off the 2022 FIFA World Cup in Qatar, Argentina defeated reigning champion France 7-5 (4-2 on penalties) to win the coveted title for the first time in 36 years. Nearly as excited as Argentinian fans were many Chinese sponsors, including NetEase Media, a subsidiary of Chinese internet company NetEase, and others.

Founder of Chinese COVID Testing Firm Nucleus Gene Found Guilty of Academic Misconduct

The "false negative COVID results" of Lanzhou Nucleus Gene Huaxi pulled by the Shenzhen-based nucleic acid testing company and its actual controller Zhang Hezi from behind the scenes to the front and center.

Chinese COVID Testing Firm Nucleus Gene in Spotlight Due to Huge Profits and Violations

The Omicron COVID-19 variant, which appears more transmissible but less pathogenic than earlier strains of the coronavirus, has caused a surge in demand for nucleic acid testing in China this year. However, false positives have frequently been reported.

Chinese Nucleic Acid Testing Company Nucleus Gene Arouses Widespread Doubts

Recently, Chinese nucleic acid testing companies have been controversial and accused of making huge profits during the COVID-19 pandemic. Among them, a company called Nucleus Gene has aroused widespread public doubts.

Tencent Says Joint Venture With China Unicom Important to Set Up

On November 16, at its third quarter performance meeting, a senior executive of Chinese Internet giant Tencent responded to questions related to the establishment of a joint venture with China Unicom, a Chinese state-owned telecommunications operator.

Xiaomi and Chinese Car Brands May Jointly Launch EV to Compete With Tesla

Xiaomi's vehicle manufacturing business has been established for more than a year now, and related rumors have emerged one after another from within the industry.

ByteDance Founder Zhang Yiming Places 2nd on Hurun China Rich List

Leading global research platform Hurun Research Institute released its Hurun China Rich List 2022 on November 8. Zhang Yiming, the founder of TikTok's parent company ByteDance, ranked second, and Robin Zeng, the chairman of battery giant CATL, ranked third.