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Luckin vs Starbucks, New Money Challenges Old Aristocracy

Among the Chinese companies that went public in May, the best-known of them might be luckin coffee. It went public on May 17th on the Nasdaq. Though four days later, luckin had dropped below its offering price, the shares of the Chinese “new species” returned to $20, and the market value reached $4.731 billion on …

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Post-00s in China: What have they influenced?

This year marks the beginning of “Post-00’s era in China”. It is the first generation which has been researched and investigated with rich data resources – if you put “Post-00s” and “research” in the search engine of Baidu, you can receive about 1.82 million pieces of information; if you search “Post-00s” and “consumption”, there are …

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Chinese long-term rental housing: are financial chaos getting worse?

A batch of Chinese long-term rental housing service providers have been facing financial problems. Why is that and will the problem become more severe?   Financial problem Several renters of Yujian Apartment in Shanghai claimed that they have been kicked out by the landlords, while the landlords said they haven’t received payments for months, according …

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Can Jinritoutiao survive in online shopping market?

The battlefield of Chinese online shopping has welcomed another strong fighter – Jinritoutiao. The Beijing-based news and information content platform launched a mobile application called Zhidian. Jinritoutiao has only used three years to be listed and become the tech giant – it is widely believed that social data contributed a lot to the fast pace. …

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Are unmanned stores failing in China?

Chinese unmanned store Bianlifeng has received huge investment from Tencent and Hillhouse Capital, according to local tech website itsiwei.com. If the news is confirmed, it will be the first time for the operator of staff-less stores and vending machines to receive exterior investment. In February 2017, Bianlifeng was invested with 300 million US dollars by …

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How does Chinese Hollywood fade out?

A remote Chinese city has grabbed the headlines, as the so-called Chinese Hollywood has become the storm center of the back taxes scandal of celebrities. To enjoy the tax beneficiaries, more than 1,600 film and television production enterprises registered in the Horgos, which is located in west China’s Xinjiang Uyghur Autonomous Region. However, the city …

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