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On August 19, Changan Automobile announced that its joint venture, Avatr Technology, plans to buy a 10% stake in Huawei's subsidiary, Yinwang, for 11.5 billion yuan. After the deal, Avatr will hold a 10% share, while Huawei will retain 90% of Yinwang.
According to insiders, Meituan's rental service is part of Meituan's homestay business, mainly catering to various medium and short-term rental needs such as tourism, business travel projects, and health travel.
MINISO has collaborated with seven internationally renowned perfumers to create this series. The team includes industry veterans Maurice Roucel, Suzy Le Helley, Coralie Spicher, Nathalie Benareau, and emerging talents Steven Guo, Florian Gallo, and Kira Zhu.
Temu's semi-hosted Japan site will officially launch on August 27. The sites for South Korea and Mexico will also be opened gradually by the end of the month.
On August 16, Meituan Drones launched its first regular drone delivery route at the Badaling Great Wall in Beijing. This service caters to tourists near the landing site, offering essential items and emergency aid.
The brand licensing agreement between HMD and Nokia is due to conclude in 2026. After this, HMD will cease production of Nokia-branded smartphones and concentrate on developing its own brand.
In February of this year, Emdoor Virtual's CEO, Shi Qing, did not shy away from talking about labels such as "low-end," and "counterfeit," and believed that low-priced products are not shameful. The company plans to ship 500,000 units this year.
TuSimple officially announced its entry into the field of generative AI applications. The new "Generative AI" business unit has been established and has received unanimous approval from the group's board of directors.
SHEIN has plans to establish an intelligent warehousing logistics distribution park that will integrate various functions such as warehousing, stockpiling, picking, distribution, delivery, and settlement.
On August 15th, Insta360 founder Liu Jingkang voiced his frustration on social media over the lack of IPO approval since 2022's on-site verification, seeking fair treatment from regulatory bodies.
Chinese people have noticed that the power bank Trump used during the live broadcast was the AnkerMagGo, a product of the Chinese brand Anker Innovations.
Regarding the personnel changes at Starbucks, Starbucks China confirmed that "the personnel adjustments at Starbucks headquarters do not involve the Chinese market."
