Is a company worth $65-billion the big brother China’s melancholic youngsters need? Netease thinks so.
When popular music player Netease Cloud Music announced the launch of its “Cloud Healing Center” (yuncun zhiyusuo) in early August, users …
App of the year: Health code
Who’d have thought the app of apps, the one that defines 2020 in China would be web-based? Now in most Chinese cities, QR code-scan checkpoints are at the entrances of just about everywhere you go. There’s no getting thr…
Chinese beverage chain Luckin Coffee has named Guo Jinyi, a co-founder and the company’s acting chief executive officer as its new chairman and CEO, replacing founder and former chairman Charles Lu.
Why it matters: The power struggle in th…
Covid-19 has done significant damage to the global economy. The tourism sector has been hit particularly hard.
A report from the China Hospitality Association shows that 74% of hotels and homestays chose to close. In the first two months of 2020,…
China’s biggest automaker SAIC Motor is hammering out a deal for a potential takeover of Car Inc, the Hong Kong-listed car rental company which had shared a chairman with scandal-ridden Luckin Coffee.
Why it matters: If the deal proceeds, Luckin fo…