by weblychee | Aug 7, 2023 | Business, China, Glopen, Newsletter
1.Homegrown Luckin Coffee surpassing Starbucks to become the largest coffee house in China Luckin Coffee, a homegrown budget coffee chain in China, has outperformed Starbucks to become the country’s top-grossing coffee company for the first half of 2023. This...
by weblychee | Jul 31, 2023 | Automotive, Business, China, Glopen, Newsletter
1. In the first half of 2023, profits of industrial companies above 20mn revenue fell by 16.8% In the first half of 2023, large-scale industrial companies (above CNY 20mn revenue) achieved business revenue of CNY 62.62 trillion...
by weblychee | Jul 24, 2023 | Automotive, Business, China, Glopen, Newsletter
1. Audi and SAIC formulate strategic partnership to fast-track Electrification amid rapid market shift in China On 20th April, in a significant move towards sustainable mobility, Audi confirmed a strategic partnership with China’s state-owned SAIC Motor Corp. Both...
by weblychee | Jul 17, 2023 | Business, China, Glopen, Newsletter
1. China’s GDP grow by 6.3% in the second quarter and 5.5% in the first half of 2023 According to the Preliminary data released by the National Bureau of Statistics in the first half of 2023, China’s GDP reached 59,3034 trillion yuan. Accounting for constant...
by weblychee | Jul 10, 2023 | Automotive, Business, China, Glopen, Newsletter
1. BYD to invest US$620 million for 3 factories in Brazil, to produce affordable vehicles and batteries for local markets BYD, the world’s largest electric vehicle (EV) maker, has announced its plans to make a strategic investment of US$620 million in the...
