Industry Archives

Retail Brand Miniso Opens First Flagship Store in China

Chinese variety store Miniso opened its first flagship store on February 5 along Chunxi Road, a pedestrianized shopping street in Chengdu, the capital of China's Sichuan Province.

China’s C919 Passenger Jet Rumored to Experience Failure During Verification Flight

China's first domestically-made large jetliner C919 was originally scheduled to fly from Shanghai to Beijing and then to Hefei on February 1 as part of its verification procedure. However, the plane reportedly did not arrive in Hefei as scheduled due to complications with its left-hand thrust.

PDD Holdings’ Temu Starts Internal Testing in Canada

More than half of the products offered by Temu, a shopping app owned by Shanghai-based internet giant PDD Holdings, have started internal testing in Canada.

Cross-Border Travel between Mainland China, Hong Kong and Macao to Resume Next Week

Cross-border travel between mainland China, Hong Kong and Macau will fully resume from February 6, with no advanced reservation requirement and no cap on the number of passengers arriving from these two special administrative regions via land ports in Guangdong province.

ByteDance Denies Major Changes to Health and Q&A Platforms

News emerged recently that the Xiaohe Health app owned by Beijing-based tech giant ByteDance will be shut down, and the company's Wukong Q&A app, which was shut down two years ago, will be launched again. However, ByteDance has denied both claims.

JD.com Founder Richard Liu Returns to China

Richard Liu, the founder and chairman of Chinese e-commerce giant JD.com, was recently spotted arriving at Beijing Capital International Airport.

Douyin’s Content Product Manager Zhi Ying Transferred to TikTok

Zhi Ying, vice president and head of content products of Douyin and Xigua Video, has been transferred to TikTok, Douyin's sister app. She will be responsible for TikTok's products, content ecology and other businesses.

Chinese Insurance Tech Startup Cheche Group Mulls US Listing through SPAC

Following the listing of Waterdrop on the NYSE in 2021, nearly two years later, another Chinese insurance technology company, Cheche Group, announced that it would complete its listing in the United States within this year.

JD.com Shrinks E-Commerce Business and Strengthens Logistics in Southeast Asia

Chinese e-commerce giant JD.com has reportedly closed its sites in Thailand and Indonesia. In response to a request for comment by Pandaily, the company's spokesperson said that it will continue to serve global markets, including Southeast Asia, through its supply chain infrastructure.

WeChat Offline Payment Transactions Up 23% During Spring Festival Holiday

WeChat, a social media platform owned by Tencent, released on January 19 it's consumption data for the Spring Festival holiday. In the face of a gradual increase in consumption enthusiasm, the offline payment transaction volume of users using WeChat increased by 23%.

Installation of China’s First Commercial Spacecraft Launch Site Starts in Hainan

Installation of equipment at a station for China's first commercial spacecraft launch site started on January 29 in Wenchang, a city in China's southern island province of Hainan. The site is scheduled to complete work by the end of this year.

China-Made Jetliner C919 to Carry Passengers in March

As the 2023 Spring Festival wound down, China's first domestically-made large jetliner C919 took its first flight on January 28 from Shanghai Hongqiao International Airport to Nanchang Changbei International Airport in Jiangxi Province.

Infection Rate of COVID-19 Shows Downward Trend in China

A report from the Chinese Center for Disease Control and Prevention on January 15 showed that, based on optional nucleic acid testing data, positive cases across the country have showed a clear trend of increasing then decreasing since December 9 of last year.

Movie Box Office Sales During China’s Spring Festival Holiday Reach $992M

According to Dengta, a Chinese movie data platform, the total box office proceeds from movies debuting during this year's Spring Festival holiday reached 6.734 billion yuan ($992 million), ranking second in Chinese film history and exceeding the 6.039 billion yuan recorded in 2022.

ByteDance’s Douyin App Launches Supermarket Business

Chinese users from all over the country can now access online supermarket shopping services on ByteDance's short video app Douyin.

Full Truck Alliance Responds to Short Seller Report

Full Truck Alliance, a Chinese digital freight platform, issued a statement on January 25 in response to a report by short seller firm J Capital Research, firmly denying allegations that it has overstated or falsified any operating or financial data.

Alibaba Denies Setting Up Global HQ in Singapore

Alibaba denied a rumor that it is planning to build global headquarters in Singapore, adding that the firm had participated in the construction of a joint facility in 2019 to provide office space for various Southeast Asian business units under Lazada and other subsidiaries.

A New Rival for Boeing and Airbus? What to Expect From China’s C919

The C919's commencement of passenger flights this spring may represent a first step in becoming the world's third powerhouse aircraft model.

“The Wandering Earth 2” Surpasses $15M in China’s Pre-Sale Box Office

Before "The Wandering Earth 2" film officially debuts during China's upcoming Spring Festival holiday, a special watching event was held in Beijing on January 18. So far, the film's pre-sale box office proceeds have exceeded 100 million yuan ($14.75 million).

Tsinghua Master’s Graduate Bemoans ByteDance’s “Maliciously Low” Monthly Salary of $2,947

A Chinese web user verified to be a fresh master's graduate from the elite Tsinghua University complained online recently that the monthly salary for a back-end development engineer at ByteDance was as low as 20,000 yuan ($2,947) per month.

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