Tesla has reportedly closed its first flagship showroom in China, located in Beijing's upscale Parkview Green shopping mall, in a bid to adjust its sales and services strategy in the country. Tesla sales staff in China said that the high rent caused the store's closure.
Luckin Coffee Inc. released the third report of the Joint Provisional Liquidators to the Grand Court of the Cayman Islands on Tuesday night.
Sources said today that China's Internet convenience store brand Bianlifeng is planning to file for an IPO. Goldman Sachs, Morgan Stanley and CITIC Securities will act as lead underwriters to arrange the listing.
Huawei Technologies has opened up its largest global flagship store in Shanghai’s main shopping street Nanjing East Road on Wednesday.