Will Ofo pull through in a complex market dominated by monopoly capital?Will Ofo pull through in a complex market dominated by monopoly capital?Dai Wei, the founder and CEO of Ofo, China’s bike-sharing pioneer, told his employees on Wednesday “the company would not go bankrupt although all other things could happen”. Days ago, Ofo was exposed by Chinese media to have embarked on bankruptcy reorganization. Although Dai immediately refuted

Boeing to start operation of 737 completion and delivery center in China in DecemberBoeing to start operation of 737 completion and delivery center in China in DecemberBoeing's 737 Completion and Delivery Center in the Chinese city of Zhoushan is set to be put into operation in December, as a result of i…

Amid local rivals' challenges, will Starbucks sustain its quondam glory in China?Amid local rivals' challenges, will Starbucks sustain its quondam glory in China?Facing the breakneck expansion of local coffee brands and a decrease in its same-store sales growth in China, Starbucks is banking on acc…

Alibaba connects online, offline business to achieve sales of 213.5 billion yuan on Single’s DayAlibaba connects online, offline business to achieve sales of 213.5 billion yuan on Single’s DayAlibaba’s annual Singles’ Day shopping extravaganza generated 213.5 billion yuan worth of transactions as of midnight, validating its …

NetEase’s Kaola.com announces to purchase $20 bn worth of goods overseas in coming yearsNetEase’s Kaola.com announces to purchase $20 bn worth of goods overseas in coming yearsNetEase’s retail site Kaola announced to have signed purchasing contracts of nearly 20 billion yuan with 110 businesses at the first-eve…

Alibaba opens its first automated hotel as it pushes development of smart technologiesAlibaba opens its first automated hotel as it pushes development of smart technologiesChina's e-commerce giant Alibaba Group has opened its first futuristic hotel where customers are served by robots and smart machines, a l…

Baidu pushes development of autonomous taxi business, signs agreement with ChangshaBaidu pushes development of autonomous taxi business, signs agreement with ChangshaJust four months after Baidu commenced the volume production and trial operation of a driverless minibus called Apolong, the Chinese tech…



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