Consumer

Meituan Absorbs Mobike for USD2.7 Billion, Reportedly Beating Higher Bid From Didi

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.

Apr 4, 2018
Liu Jia
Humanwell Healthcare’s US Unit Gets FDA Thumbs Up for Generic Painkiller

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.

Apr 4, 2018
Tang Shihua
Suning Plans Huge Store Expansion Program for 2018

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…

Apr 3, 2018
Wang Zhen
China’s Smartphone Makers Turn to AI to Tap Global High-End Market

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.

Apr 3, 2018
Liao Shumin
Didi Brings In Delivery Service in Wuxi, With Its Vendors Warmed by Meituan, Ele.me

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…

Apr 2, 2018
Liao Shumin
Yidao Waives Commissions for Almost Half-Million Drivers, Swears to Lowest Fares

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…

Apr 2, 2018
Liao Shumin
South Korean Kumho Tire’s Union Deflates, Votes to Sell it to Qingdao Doublestar

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…

Apr 2, 2018
Liao Shumin
Chinese Sports Firm Wins Media Rights to Spanish Football for Five Years

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.

Apr 2, 2018
Tang Shihua
Mattel and Alibaba Twin to Smarten Up Toys

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.

Apr 2, 2018
Peng Haibin
Sohu Sets Aside USD476,000 for World Cup Quiz Show Prize Money

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…

Apr 1, 2018
Liao Shumin
Coca-Cola Prices Go Up in Beijing Eateries for First Time in 20 Years

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.

Mar 30, 2018
Tang Shihua
Possible Trade War With US to Have Limited Impact on China’s Home Appliance Makers

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…

Mar 29, 2018
Wang Zhen

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