Xiaomi EV Revenue Surges to 6.4 Billion Yuan Xiaomi has reported a significant revenue increase from its electric vehicle (EV) division. In Q2 2024, Xiaomi’s EV revenue reached 6.4 billion yuan (US$897.8 million). This growth underscores the company’s efforts to scale production and meet its ambitious goals for the SU7 sedan. The Beijing-based tech giant...
New Air Taxi Service Connects Shanghai and Kunshan On August 18, a new interprovincial low-altitude passenger transport route opened, connecting Shanghai Pudong International Airport with Kunshan City Terminal in Jiangsu province. This service significantly reduces travel time between these two key locations. Shanghai Newsky Helicopter Co. operated the inaugural flight, which departed from Kunshan at...
Mercedes-Benz China Investment has partnered with ByteDance‘s cloud services unit, Beijing Volcano Engine Technology, to advance AI-driven smart cockpits. The collaboration will explore cutting-edge technologies, including large language models (LLMs) and generative artificial intelligence (GAI). Together, they aim to push the boundaries of automotive innovation. Under the new agreement, the companies will enhance AI-driven smart...
On-Demand E-Commerce Growth: Meituan Partners with Midea Chinese food delivery giant Meituan has launched a groundbreaking service, highlighting the rapid on-demand e-commerce growth in the industry. In collaboration with Midea, one of the world’s largest home appliance manufacturers, users can now order home appliances like refrigerators and dishwashers via the Meituan app and have them delivered within...
JD.com profit increase soared by 92% year-on-year in the quarter ending June 30, reaching 12.6 billion yuan (US$1.7 billion). Despite slight revenue growth, this profit surge was due to enhanced operational efficiencies. These efficiencies helped the company navigate the competitive domestic e-commerce landscape. JD.com’s net revenues for the quarter rose by 1.2% to 291.4 billion yuan...
Business owner Louis Ho recalls the frustration of being repeatedly refused by taxi drivers when trying to take his wheelchair-bound mother to the hospital. His experience is not unique among Hong Kong residents, who frequently cite the Hong Kong taxi industry challenges as a major source of frustration in the city. Common Complaints and Public Perception of...
The Shenzhen beer exports have seen a remarkable increase, significantly boosting the “Summer Night Economy.” This surge is closely tied to the excitement surrounding the European Cup, which has driven the popularity of beverages, especially beer, among soccer fans. As a result, beer orders from overseas markets have skyrocketed.. According to statistics from Shenzhen Customs, the city...
In the rapidly evolving landscape of social media, TikTok is emerging as a central tool for political campaigns in the 2024 election, with Vice President Kamala Harris at the forefront. Her viral moments and rapidly growing follower base on TikTok underscore the platform’s influence and its potential to shape election outcomes. This mirrors the pivotal...
The documentary series “Better China Better Life” begins airing on Saturday, offering a dynamic, youthful narrative paired with rich visuals and engaging editing, showcasing China’s commitment to high-quality development and modern practices. The series provides a comprehensive look at innovative practices and achievements across China, demonstrating how they contribute to a better quality of life....
At the just-ended ChinaJoy 2024 in Shanghai, US giant Blizzard Entertainment made a grand reappearance alongside its Chinese partner NetEase, marking the return of Blizzard games to the Chinese mainland after a 500-plus-day hiatus. Among the games returning, the highly anticipated World of Warcraft (WoW) stands out. Ion Hazzikostas, senior game director of WoW, expressed...