Consumer
Meituan Absorbs Mobike for USD2.7 Billion, Reportedly Beating Higher Bid From Didi
The company behind China’s biggest on-demand services provider Meituan has acquired loss-making bike sharer Beijing Mobike Technology Co. for USD2.7 billion, beating out higher rival offers.
Humanwell Healthcare’s US Unit Gets FDA Thumbs Up for Generic Painkiller
Humanwell Healthcare Group Co., a Chinese drugmaker, has secured approval from the US Food and Drug Administration (FDA) to make and sell a generic painkiller developed by its wholly owned US unit.
Suning Plans Huge Store Expansion Program for 2018
JD.Com Inc. and Suning are competing in home appliance retail sales. As online flow and price dividends gradually disappear, internet…
China’s Smartphone Makers Turn to AI to Tap Global High-End Market
Chinese smartphone makers are shifting their focus to high-end handsets and turning their eye to artificial intelligence as they look to gain a step up in the international market.
Didi Brings In Delivery Service in Wuxi, With Its Vendors Warmed by Meituan, Ele.me
With the mighty presence of Meituan Dache in Shanghai, Didi Chuxing also opened its offensive against the former’s core business…
Yidao Waives Commissions for Almost Half-Million Drivers, Swears to Lowest Fares
Competition on the Chinese ride-hailing market has ignited as major players ever-hungrier for market share supersize their businesses -- Meituan…
South Korean Kumho Tire’s Union Deflates, Votes to Sell it to Qingdao Doublestar
Qingdao Doublestar Co. has made major progress in its buyout of debt-mired South Korea-based Kumho Tire Co. after the latter’s…
Chinese Sports Firm Wins Media Rights to Spanish Football for Five Years
Wuhan DDMC Culture Co. has obtained full media copyright licenses for Spain’s La Liga soccer matches and part of its national championship Copa del Rey games.
Mattel and Alibaba Twin to Smarten Up Toys
Global toy giant Mattel Inc. has joined forces with China’s e-commerce giant Alibaba to actively push business digitization.
Sohu Sets Aside USD476,000 for World Cup Quiz Show Prize Money
Sohu Sets Aside USD476,000 for World Cup Quiz Show Prize Money. Leading Chinese internet firm Sohu.com Inc has set aside…
Coca-Cola Prices Go Up in Beijing Eateries for First Time in 20 Years
Coca-Cola Co. has increased the cost of drinking its iconic beverage at restaurants in China’s capital for the first time in two decades.
Possible Trade War With US to Have Limited Impact on China’s Home Appliance Makers
China’s original equipment manufacturers, or OEMs, and home appliance makers are expecting some challenging times if the U.S.-China dispute escalates…