Chinese Mobile phone startup rumored to shut down despite massive cash injectionChinese Mobile phone startup rumored to shut down despite massive cash injectionSmartisan, China’s high-profile mobile phone startup founded by Luo Yonghao, known as an Internet celebrity and marketing genius, is rumored to dissolve its Chengdu headquarters, which reportedly received an investment of 600 million yuan from a local state-owned company one year ago.

Coffee at the doorstep: Starbucks aims to enhance foothold with e-commerce partnershipCoffee at the doorstep: Starbucks aims to enhance foothold with e-commerce partnershipChinese consumers will soon enjoy Starbucks coffee at home or offices by simply pressing a button on their smartphones rather than visiti…

Lotte to sell department stores in China after supermarket retreatLotte to sell department stores in China after supermarket retreatSouth Korean retail giant Lotte Group has confirmed a report that it is considering selling some of its five department stores in China, …

Recall of blood pressure drugs containing cancer-causing impurity finished in China, says involved drug makerRecall of blood pressure drugs containing cancer-causing impurity finished in China, says involved drug makerA Chinese pharmaceutical company that had previously reported “unexpected impurity” in its top seller ingredient drug treating high blo…

Meituan unveils driverless delivery platform amid craze for self-driving technologyMeituan unveils driverless delivery platform amid craze for self-driving technologyMeituan-Dianping, China's food review and delivery giant, has recently debuted its comprehensive autonomous delivery platform as part of …

BMW's China JV allowed to buy equity in local EV battery makerBMW's China JV allowed to buy equity in local EV battery makerBMW Brilliance Automotive, a joint venture company between Germany's BMW and China's Brilliance Automotive, has been allowed to make an e…

Sales of Tesla, Lincoln surged in June ahead of tariff hikeSales of Tesla, Lincoln surged in June ahead of tariff hikeSales of imported cars in China had remained sluggish in the first half of 2018 with a total of 496,000 units, a drop of 5 percent year-o…



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