Luckin Coffee expects to become biggest coffee chain in China in 2019, surpassing StarbucksLuckin Coffee expects to become biggest coffee chain in China in 2019, surpassing StarbucksChina's up-and-coming coffee brand Luckin Coffee has set forth an ambitious plan, aiming to surpass US rival Starbucks in 2019, irrespective of previous news reports about its massive loss which was confirmed by the Chinese coffee chain.

Huawei CFO’s arrest testifies to US plan to contain China’s 5G technology: analystHuawei CFO’s arrest testifies to US plan to contain China’s 5G technology: analystHuawei, China’s Shenzhen-based tech giant confirmed on December 6 that its Chief Financial Officer Meng Wanzhou had been temporarily det…

Wall Street English in China accused of hard-selling, tricking college students into heavy debtWall Street English in China accused of hard-selling, tricking college students into heavy debtAlthough China has sternly banned non-bank lenders from lending to college students, it was recently reported by a state-run media that m…

China's Didi announces reorganization plan to address safetyChina's Didi announces reorganization plan to address safetyChinese ride-hailing firm Didi Chuxing on Wednesday announced a reorganization plan aimed at improving safety on its platform, as it work…

Tencent Music: Chinese firm to raise $1.2bn in New York listingTencent Music: Chinese firm to raise $1.2bn in New York listingChina's Tencent Music has revived its plans to list in the US and raise up to $1.2bn.

HNA Group to offload more non-core assetsHNA Group to offload more non-core assetsThe embattled Chinese conglomerate HNA Group is reportedly planning to sell off another 100 billion yuan of assets on top of the nearly 3…

BMW ventures into taxi-hailing business, posing a challenge to Didi Chuxing's dominanceBMW ventures into taxi-hailing business, posing a challenge to Didi Chuxing's dominanceGerman automaker BMW has been approved by the Chinese regulator to operate taxi-hailing business in China where it has just acquired a ma…



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