Waterdrop Inc. has raised around $200 million to fund its expansion in healthcare crowdfunding, at a valuation of approximately $2 billion.
Luckin Coffee Inc. reportedly achieved positive cash flow per store in July, except for roughly 300 stores located at universities that have been closed due to the COVID-19 pandemic.
China’s largest online travel firm Ctrip.com released nine service standards for the domestic car rental industry. This is the first car rental standard in China.
US-based video conferencing platform Zoom will stop direct sales in mainland China from Aug. 23, and will only offer its services via third-party partners.
New York-based burger chain Shake Shack is opening its 12th outlet in China in Beijing on Aug. 12.
Two newly-appointed directors resigned on Monday while Luckin will consider the re-appointment of Sean Shao as a director of the company.
Bilibili announced it is teaming up with League of Legends (LoL) to become the exclusive broadcaster for three major esports tournaments in China for three years.
Despite the presence of highly successful women in the industry, we find the need to specify that a founder is “female” as if it were an exception.
Yum China Holdings Inc. announced Wednesday that its revenue declined 11% year over year to $1.9 billion in the second quarter of 2020.
Chinese food delivery and rating platform Meituan Dianping has recently removed Alibaba’s online payment platform Alipay in its app, Tech Planet reported Wednesday.
Bilibili has started producing its first original rap show this week in Wuxi, Jiangsu province. The ten-part show is scheduled to release later this summer.
China’s largest online travel firm Ctrip.com is considering a delisting from Nasdaq due to the impact of COVID-19 and rising US-China tensions.
Shares of China’s second biggest search giant Sogou have jumped 43.5% after the company announced shareholder Tencent has offered a non-binding proposal.
Taiwanese superstar Jay Chou did his first live stream on Sunday night where he obtained 20 million yuan ($2.85 million) in 30 minutes.
China launched its first solo mission to Mars called Tianwen-1 on Thursday, one day after it unveiled full-size models of its lander and rover.
Tencent Holdings-backed Missfresh has completed a new round of financing worth $495 million, LatePost reported, the biggest fundraising that a Chinese grocery start-up has ever received.
China’s first Mars exploration mission Tianwen-1 revealed full-size models of its lander and rover on Wednesday.
OnePlus announced its new midrange smartphone Nord, which means “North” in several European languages, with an AR event on Tuesday.
Yum China Holdings Inc. announced Monday it will be the official retail food services sponsor for the Beijing 2022 Winter Olympics.
China’s largest ride-hailing giant DiDi Chuxing is said to be considering an initial public offering in Hong Kong by the end of this year.