Category: China’s

China’s food delivery giant Meituan hits $100B valuation amid pandemic
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China’s food delivery giant Meituan hits $100B valuation amid pandemic

Meituan’s shares hit a record high on Tuesday, bringing its valuation to over $100 billion. The Hong Kong-listed giant, which focuses on food delivery with smaller segments in travel and transportation, is the third Chinese firm to reach the landmark valuation. Tencent and Alibaba respectively topped the number back in 2013 and 2014. Tencent-backed Meituan…

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China’s Oppo partners with Vodafone for bigger European push
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China’s Oppo partners with Vodafone for bigger European push

Huawei is facing an uphill challenge in the overseas market as its upcoming devices lack the full set of Google apps and services. That leaves ample room for its Chinese rivals to chase after foreign consumers. That includes Oppo, the sister brand of Vivo under Dongguan-based electronics holding company BBK. In an announcement on Monday, the…

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Reports: China’s Ambassador to Israel ‘Found Dead at Home’
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Reports: China’s Ambassador to Israel ‘Found Dead at Home’

China’s Ambassador to Israel, Du Wei, was found dead in his Tel Aviv apartment on Sunday, various reports emanating from Israel indicated. An Israeli police spokesman told Reuters news agency: “As part of the regular procedure, police units are at the scene.” Israel’s Channel 12 TV, quoting unnamed medical sources, said initial indications were that…

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China’s embattled Luckin Coffee adds lifestyle products to its menu
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China’s embattled Luckin Coffee adds lifestyle products to its menu

The Luckin saga continues as the Chinese coffee challenger seeks solutions to the undesirable consequences of a $310 million fraud. On Tuesday, the company announced sacking chief operating officer Liu Jian, the alleged mastermind behind the fraud, and chief executive officer Qian Zhiya, a rare female leader of a Chinese internet firm. Despite the scandal, the…

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China’s Coronavirus Epicenter Wuhan Raises Death Toll by 50%
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China’s Coronavirus Epicenter Wuhan Raises Death Toll by 50%

Wuhan, the Chinese city at the epicenter of the global coronavirus outbreak, dramatically lifted the number of cases and deaths late Thursday night after “a city-wide investigation,” state media reported. Local authorities admitted previous figures had been skewed due to omissions, delays and mistakes. The Wuhan government said total confirmed infections in the city have been…

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China’s next plan to dominate international tech standards
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China’s next plan to dominate international tech standards

Emily de La Bruyère Contributor Emily de La Bruyère is co-founder of Horizon Advisory, a strategy consultancy focused on documenting the military, economic, and technological implications of China’s approach to global competition. Nathan Picarsic Contributor Nathan Picarsic is co-founder of Horizon Advisory, a strategy consultancy focused on documenting the military, economic, and technological implications of…

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China’s Manufacturing Jumps as Coronavirus Cripples Globe
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China’s Manufacturing Jumps as Coronavirus Cripples Globe

China’s manufacturing rebounded in March to record an expansion as authorities relaxed anti-coronavirus disease controls and allowed factories to reopen, an official survey showed Tuesday. The spike came as the U.S. and rest of the world shut down businesses and furloughed workers. The boost reinforces the argument that holds as long as the U.S. economy…

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