JD.com has no plans for widespread layoffs and is, in fact, continuing to recruit new employees, said an anonymous insider from the company, adding that the total workforce at JD.com presently stands at 590,000.
After the announcement of organizational optimization by NIO's CEO Li Bin last Friday, NIO's sub-brand, Alps, has also started lay-off.
Huawei's internal forum published an article on August 22 about the whole company's business policy changing from pursuing scale to pursuing profit and cash flow.
Though high-risk, lockdown and control areas are still under some number of restrictions, Shanghai has now become fully operational as of June 1st. The Jiading District of Shanghai today issued 12 policies to boost consumption throughout the city.
China's State Council issued a policy package to help stabilize the economy and planned to see steady growth in major purchases such as automobiles and home appliances.
To coordinate COVID-19 control with economic development, the municipal government of Shanghai launched an action plan on Sunday to speed up economic recovery following weeks of extended lockdowns.
An article about the Chinese economy published by an official WeChat account was widely forwarded among users on May 21. It was reported that Tencent CEO Pony Ma had also forwarded the article.
The next stage of development for the Chinese technology industry is likely to marked by slower growth, albeit with more stable operations.
Nowhere has the digital platform economy's impact been more apparent than in China, where a burgeoning economy and technological metamorphosis in recent decades have been underpinned by a cohort of sprawling and innovative tech giants including Alibaba, Tencent and Baidu.
Sources said today that China's Internet convenience store brand Bianlifeng is planning to file for an IPO. Goldman Sachs, Morgan Stanley and CITIC Securities will act as lead underwriters to arrange the listing.
Officials at the People’s Bank of China (PBOC) announced new measures late Monday night aimed at curtailing growth in the yuan’s value, which has recently surged to its highest level against the dollar in three years.
China will not be formally labelled a currency manipulator by the US Treasury Department in their upcoming foreign exchange report, Bloomberg revealed Tuesday, citing people familiar with the matter.
The Shanghai Stock Exchange (SSE) and Hong Kong Stock Exchange (HKEX) both on Nov. 3 announced to halt the IPO process of Ant Group.
China’s manufacturing industry grew at a slower pace in August, with the official manufacturing PMI falling slightly to 51 in August from 51.1 in July.
Pinduoduo has entered a research collaboration with Singapore’s Innovations in IFCS at A*STAR, to develop a more cost-effective and robust method of testing fresh produce for pesticides.
Despite the presence of highly successful women in the industry, we find the need to specify that a founder is “female” as if it were an exception.
Pandaily deep dives into a set of employment and consumption statistics to explain how e-commerce penetration is accelerating.
The return of the once-ubiquitous street vendors was expected to bring back Chinese economic vibrancy that was affected by COVID-19, but the public frenzy has been contained by local officials in Beijing.
AliResearch, China Household Finance Survey and Research Center of Southwestern University of Finance released a joint survey on MSME during the COVID-19 outbreak.
Experts are currently foreseeing a decline in China’s economic growth to roughly 5.6% from the already relatively low 6.1%, which will bring global economic growth down by 0.2%.