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Chinese Watch More Short Videos Than Long Ones for the First Time
(Yicai Global) Dec. 11 -- Chinese people are increasingly keen on watching short videos as the time spent watching short clips surpassed that of long ones for the first time....
Beijing Benz's New NEV Plant in Capital City Is Ready for EQCs, GLBs
(Yicai Global) Dec. 11 -- Beijing Benz Automotive, a joint venture between Germany's Daimler and China's BAIC Motor, has completed its new assembly line in the capital city, Beijing Daily...
Property Developers Climb Amid Chinese Stock Markets' Mixed Start
(Yicai Global) Dec. 11 -- China's mainland stock markets opened on different tracks this morning while real estate developers led the group of gainers with a 1 percent increase. The...
PBOC Strengthens Yuan by 15 Bips to 7.0385 a Dollar
(Yicai Global) Dec. 11 -- The People's Bank of China set the yuan's central parity rate against the US dollar at 7.0385 this morning, 15 bips stronger for the redback...
Chinese Stocks Close up; Tech, Software Shares Turn the Tide
(Yicai Global) Dec. 10 -- China's mainland stock markets regained ground they ceded in the afternoon to close higher, as software companies spearheaded the reversal. The Shanghai Composite Index edged...
Slowdown in China's Sedan Sales Narrowed to 5.4% Last Month
(Yicai Global) Dec. 10 -- Chinese passenger car sales were just over 2 million units last month, down 5.4 percent annually, while new energy vehicles transactions fell 43.7 percent per...
Tencent's Pubg Mobile Tops Overseas Revenue Among Chinese Mobile Games
(Yicai Global) Dec. 10 -- The game Pubg Mobile developed by tech titan Tencent Holdings took in USD70 million revenue in overseas markets, up 30 percent monthly, to rank it...
Postal Savings Bank of China Shares Debut up Over 1%
(Yicai Global) Dec. 10 -- Postal Savings Bank of China's shares [SHA:601658] closed up 1.09 percent at CNY5.76 (USD0.82) on the morning of their first day of listing in China's...
Baidu-Backed US Velodyne Pares China Team Amid Slow Autopilot Progress
(Yicai Global) Dec. 10 -- Velodyne Lidar, a US autonomous vehicle sensor maker, has let go of more than one half of its China staff due to the country's slower-than-expected...
Chinese Makeup Brand Venus Marble Expands to Japan
(Yicai Global) Dec. 10 -- Chinese beauty brand Venus Marble will start selling its makeup on Japan's largest cosmetics website Cosme. Venus Marble's eye-shadow palette retained its top position on...