by weblychee | Jan 1, 2024 | Automotive, Business, China, Glopen, In-depth, Newsletter, Services
1.Xiaomi has launched its first electric vehicle On December 28th, Xiaomi Group hosted the Xiaomi Car Technology Launch Event in Beijing, officially introducing Xiaomi Car’s five core technologies – E-Motors, Battery, Die-casting, Pilot Autonomous Driving, and Smart...
by weblychee | Dec 25, 2023 | Automotive, Business, China, Glopen, In-depth, Newsletter
1.Thailand’s Luckin Coffee is suing China’s Luckin Coffee and seeking 10 billion baht in damages. Several Thai media outlets reported that on the morning of December 19th, the Royal 50R Group filed a lawsuit against Luckin Coffee in court, seeking compensation for...
by weblychee | Dec 11, 2023 | Automotive, Business, China, Glopen, In-depth, Newsletter, Travel
1. China’s CPI decreased by 0.5% y-o-y and dropped 0.5% compared to October In November 2023, the national consumer price index (CPI)for residents across China experienced a y-o-y decline of 0.5%. Specifically, urban areas saw a decrease of 0.4%, while rural areas...
by weblychee | Oct 30, 2023 | Automotive, Business, China, Explore, Glopen, In-depth, Trade
1.From January to September, profits of industrial companies above 20mn revenue fell by 9.0% During the first 3 quarters, large-scale industrial companies (above CNY 20mn revenue) achieved business revenue of CNY 96.35 trillion (approximately $13.17 trillion), same as...
by weblychee | Oct 9, 2023 | Automotive, Business, China, Glopen, Newsletter, Trade, Travel
1.US Approves equipment exports to S. Korean chip factories in China The Biden administration has granted Samsung Electronics and SK Hynix permission to acquire the necessary equipment to maintain and grow their chip-making operations in China. This move provides...
by weblychee | Aug 28, 2023 | Automotive, Business, China, Glopen, Newsletter
1. BRICS has announced its expansion by inviting six countries to join In a landmark move on the morning of August 24th, leaders at the fifteenth BRICS summit unveiled a significant expansion of the organization. Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the...
