This marks the opening of Luckin Coffee's 10,000th store and has been a milestone event for the company since its founding six years ago. Over the past six years, Luckin has witnessed its shining moment with its listing on NASDAQ in 2019 but also suffered from financial fraud allegations and bankruptcy reorganization in April 2020.
China's leading battery firm, Contemporary Amperex Technology Co., Ltd. (CATL), stated on September 6 that its subsidiary Xiamen Times' new energy battery base (phase I) has officially started in Xiamen, Fujian Province.
As the number of urban factory workers in Fujian is dwindling, having fallen 22% between 2012 and 2016, the region is faced by the daunting challenge of repositioning itself on the industry specialization spectrum.
After operating a car-hailing service in Nanjing for 10 months, Meituan expanded its service to include Beijing, Shanghai, Chengdu, Hangzhou, Wenzhou, Fuzhou and Xiamen on December 28.