A rape allegation involving Richard Liu, founder of Chinese e-commerce giant JD.com, has finally come to an end. The lawyers of both sides issued a joint statement showing that they had reached a settlement.
The Chinese business division of Canadian coffee chain Tim Hortons will officially commence trading on the Nasdaq on September 29. Proceeds from the listing will be used to expand its coffee business in China.
Shopee, an e-commerce giant with operations in Southeast Asia, reportedly demanded that laid-off employees pay compensation for damaged work computers. Shopee then confirmed this policy.
Although the young people working in Tesla's Shanghai Gigafactory have relatively higher wages, a tight production pace leads to a higher turnover.
With the 30th anniversary of its entry into China, Microsoft announced on September 20 that it will continue to expand its recruitment in the country next year. The recruitment drive will bring the company's total number of employees in China to over 10,000.
A Tesla Model 3 crashed in China after its Autopilot system failed to respond to a blockage on the far right side of the road on September 18. No injuries were reported.
Chinese EV maker BYD is set to enter the UK later this year, and local car dealer Pendragon on September 21 revealed in its financial results for the first half of 2022 that it has held discussions with BYD on cooperation.
News emerged recently that Tesla is reevaluating the way it sells EVs in the Chinese market, considering closing some showrooms in malls. Tesla China responded that sales channels are still occurring at the normal rate of expansion within the country.
Shopee, an e-commerce platform owned by Singapore's Sea Limited, will cut some jobs around the world. According to one Shopee employee in Shenzhen, the company has reduced at least one business line in the base to a third of what it was.
On September 16, Tesla's official website in China showed that the shortest expected delivery time of all models of the company's Model 3 and Model Y has been shortened to one week.
On the evening of September 14, a rumor that the Inflation Reduction Act recently passed by the United States government will ban Chinese batteries after 2024 spread wildly on Chinese social media. The potential policy was then repudiated by the Secretary of the Board of BYD.
The Chinese division of ASML, a leading Dutch semiconductor equipment manufacturer, announced on September 2 that it employed more than 1,500 employees in the country as of the end of August.
German automotive maker BMW Group will use cylindrical cells in its Neue Klasse models starting in 2025. To meet cell demand, it has awarded cell production contracts to two Chinese battery manufacturers, CATL and EVE Energy.
In conjunction with an IP Week organized by the Intellectual Property Office of Singapore, Alibaba's regional e-commerce platform Lazada came together with leading brands to announce the launch of Southeast Asia's first e-commerce anti-counterfeit consortium.
In response to recent rumors that Subaru China, a joint venture automobile brand, is considering withdrawing from the Chinese market, an official statement was issued on August 30, denying the rumor and reaffirming its close attention to the Chinese market.