On March 26, Chinese e-commerce giant Alibaba Group's Taobao officially launched its consumer-to-manufacturer (C2M) system with a cloud conference. Along with Taobao's special offer app, there are also the "Super Factories Plan" and "10 Billion Production Area Plan". These three initiatives are the main projects of Taobao's C2M strategy. The conference conveyed several important messages to the outside world. First, Taobao's special offer app clearly defined the positionin...

On March 26, Chinese e-commerce giant Alibaba Group's Taobao officially launched its consumer-to-manufacturer (C2M) system with a cloud conference. Along with Taobao's special offer app, there are also the "Super Factories Plan" and "10 Billion Production Area Plan". These three initiatives are the main projects of Taobao's C2M strategy. The conference conveyed several important messages to the outside world. First, Taobao's special offer app clearly defined the positionin...

On April 6, 2020, Xiaomi celebrated its 10 years of existence. Founder and CEO Lei Jun wrote on Weibo, "Everything in the past is a prologue. Let us together create a new glory for Xiaomi in the next ten years." However, as one of the most controversial mobile phone manufacturers, at the beginning of the new decade, Xiaomi will face more challenges and dilemmas than it did a decade ago, and the road ahead is still difficult. Xiaomi's mobile phone business is struggling to advance into th...

On April 6, 2020, Xiaomi celebrated its 10 years of existence. Founder and CEO Lei Jun wrote on Weibo, "Everything in the past is a prologue. Let us together create a new glory for Xiaomi in the next ten years." However, as one of the most controversial mobile phone manufacturers, at the beginning of the new decade, Xiaomi will face more challenges and dilemmas than it did a decade ago, and the road ahead is still difficult. Xiaomi's mobile phone business is struggling to advance into th...

According to foreign media reports, YouTube will launch a short video feature called "Shorts" by the end of the year to compete with TikTok. The report shows that "Short" will set up a new channel in Android or IOS YouTube app, and there will be no independent app. The report describes the launch of YouTube Shorts as "the most serious effort Silicon Valley technology companies have made so far to combat the rise of TikTok." In response to the strong rise of TikTok, Google's video site Yo...

According to foreign media reports, YouTube will launch a short video feature called "Shorts" by the end of the year to compete with TikTok. The report shows that "Short" will set up a new channel in Android or IOS YouTube app, and there will be no independent app. The report describes the launch of YouTube Shorts as "the most serious effort Silicon Valley technology companies have made so far to combat the rise of TikTok." In response to the strong rise of TikTok, Google's video site Yo...

On March 17, Indian media disclosed that OYO obtained a "survival" fund. SVF India Holdings and RA Hospitality Holdings, two investment entities of Softbank vision fund, injected $807 million into Oravel Stays, the parent company of OYO. Oravel Stays issued a total of 15,325 Series F mandatory convertible preferred shares (CCCPS) to the two entities at a premium of $52643.22 per share. Among them, SVF India Holdings subscribed for 9,626 shares for $507 million, and RA Hospitality Holdings sub...

On March 17, Indian media disclosed that OYO obtained a "survival" fund. SVF India Holdings and RA Hospitality Holdings, two investment entities of Softbank vision fund, injected $807 million into Oravel Stays, the parent company of OYO. Oravel Stays issued a total of 15,325 Series F mandatory convertible preferred shares (CCCPS) to the two entities at a premium of $52643.22 per share. Among them, SVF India Holdings subscribed for 9,626 shares for $507 million, and RA Hospitality Holdings sub...

It is difficult to determine which of the people who bought the stock of Luckin Coffee and those who have multiple discount coupons of Luckin Coffee in the card package is more anxious. Since Luckin Coffee admitted to its financial fraud on April 3, 2020, it triggered a circuit breaker of shares several times. After the stock price evaporated 80%, its users have shown their orders one by one on social media, who eager to take the last time to enjoy the discount coffee. Of course, there are ev...

It is difficult to determine which of the people who bought the stock of Luckin Coffee and those who have multiple discount coupons of Luckin Coffee in the card package is more anxious. Since Luckin Coffee admitted to its financial fraud on April 3, 2020, it triggered a circuit breaker of shares several times. After the stock price evaporated 80%, its users have shown their orders one by one on social media, who eager to take the last time to enjoy the discount coffee. Of course, there are ev...

SMS may already be a relatively unfamiliar word. For ordinary users, it is more like a tool for viewing various "verification codes". But now, it is time for the SMS app to say goodbye to the situation. On April 8, China's three biggest telecoms carriers including China Unicom, China Mobile, and China Telecom held an online press conference to announce the "5G White Paper." The white paper shows that 5G-based messaging service is a new upgrade of the terminal's native basic message ...

SMS may already be a relatively unfamiliar word. For ordinary users, it is more like a tool for viewing various "verification codes". But now, it is time for the SMS app to say goodbye to the situation. On April 8, China's three biggest telecoms carriers including China Unicom, China Mobile, and China Telecom held an online press conference to announce the "5G White Paper." The white paper shows that 5G-based messaging service is a new upgrade of the terminal's native basic message ...

Pony Ma said "it may take some time for media advertising revenue to recover, but its revenue only accounts for less than 20% of the overall advertising revenue, which has little impact on overall advertising revenue." On March 18th, Tencent's financial report was released. Last year, Tencent's revenue reached 377.889 billion yuan, up 21% year on year. Its net profit was 93.310 billion yuan, up 19% year on year. That is to say, Tencent has an average daily income of 290 million yuan...

Pony Ma said "it may take some time for media advertising revenue to recover, but its revenue only accounts for less than 20% of the overall advertising revenue, which has little impact on overall advertising revenue." On March 18th, Tencent's financial report was released. Last year, Tencent's revenue reached 377.889 billion yuan, up 21% year on year. Its net profit was 93.310 billion yuan, up 19% year on year. That is to say, Tencent has an average daily income of 290 million yuan...

Difficulties in returning to work are bothering most office workers. Liu Rui, who has worked for one year, has no car. The congestion and tightness of public transportation are worrying. It is not realistic to ride a sharing bike to company which is too far. Therefore, the sharing car that had been left out during the epidemic became the best choice. Under the "return to work tide", these sharing cars with uniform model colors and distinctive logos are becoming more and more common in the mor...

Difficulties in returning to work are bothering most office workers. Liu Rui, who has worked for one year, has no car. The congestion and tightness of public transportation are worrying. It is not realistic to ride a sharing bike to company which is too far. Therefore, the sharing car that had been left out during the epidemic became the best choice. Under the "return to work tide", these sharing cars with uniform model colors and distinctive logos are becoming more and more common in the mor...

Xiaomi surpassed Huawei to become the world's third-largest smartphone brand in terms of shipments. It sounds like something that is unbelievable. After all, Huawei has become the largest player in the Chinese smartphone market in the past year or two, and it has also performed well in the international market. However, in addition, Xiaomi is constantly looking for opportunities to become a market leader again. Changes in the market position of the two will indeed trigger a series of dis...

Xiaomi surpassed Huawei to become the world's third-largest smartphone brand in terms of shipments. It sounds like something that is unbelievable. After all, Huawei has become the largest player in the Chinese smartphone market in the past year or two, and it has also performed well in the international market. However, in addition, Xiaomi is constantly looking for opportunities to become a market leader again. Changes in the market position of the two will indeed trigger a series of dis...

On March 30, 2020, Meituan Dianping released its 2019 financial report. Its total revenue was 97.5 billion yuan, a year-on-year increase of 49.5%; total gross profit was 32.3 billion yuan, a year-on-year increase of 114.0%; the adjusted EBITDA and adjusted net profit were 7.3 billion yuan and 4.7 billion yuan, a loss of 8.517 billion yuan in the same period of 2018. Operating cash flow has changed from a negative value of 9.2 billion yuan in 2018 to a positive value of 5.6 billion yuan in 201...

On March 30, 2020, Meituan Dianping released its 2019 financial report. Its total revenue was 97.5 billion yuan, a year-on-year increase of 49.5%; total gross profit was 32.3 billion yuan, a year-on-year increase of 114.0%; the adjusted EBITDA and adjusted net profit were 7.3 billion yuan and 4.7 billion yuan, a loss of 8.517 billion yuan in the same period of 2018. Operating cash flow has changed from a negative value of 9.2 billion yuan in 2018 to a positive value of 5.6 billion yuan in 201...

According to the documents submitted by Tencent and Pinduoduo to the US Securities and Exchange Commission (SEC), Tencent has just invested $ 50 million to continue to increase its holdings of Pinduoduo. And together with its other long-term investors, they are expected to increase their purchases of $1.1 billion worth of new shares. Until now, Tencent holds a total of 29.2% of Class A common shares in Pinduoduo and is still the second largest shareholder. However, the current "unprecedented"...

According to the documents submitted by Tencent and Pinduoduo to the US Securities and Exchange Commission (SEC), Tencent has just invested $ 50 million to continue to increase its holdings of Pinduoduo. And together with its other long-term investors, they are expected to increase their purchases of $1.1 billion worth of new shares. Until now, Tencent holds a total of 29.2% of Class A common shares in Pinduoduo and is still the second largest shareholder. However, the current "unprecedented"...

On March 31, after the release of the new series of mobile phones P40 and the Huawei Developer Conference, Huawei released its 2019 annual report. According to the report, Huawei's global sales revenue reached 888.8 billion yuan, a year-on-year increase of 19.1%. At the same time, its net profit was 62.7 billion yuan, and cash flow from operating activities was 91.4 billion yuan, a year-on-year increase of 22.4%. Among them, despite encountering obstacles from the U.S. regulators, Huawei...

On March 31, after the release of the new series of mobile phones P40 and the Huawei Developer Conference, Huawei released its 2019 annual report. According to the report, Huawei's global sales revenue reached 888.8 billion yuan, a year-on-year increase of 19.1%. At the same time, its net profit was 62.7 billion yuan, and cash flow from operating activities was 91.4 billion yuan, a year-on-year increase of 22.4%. Among them, despite encountering obstacles from the U.S. regulators, Huawei...