In recent years, Chinese Internet companies have seen a rapid rise of employee labor disputes. According to public data, there were 39,700 new labor dispute cases in 2020, up from 10,700 cases in 2016. The number of labor disputes at Chinese tech compa……

Luckin Coffee files for bankruptcy protection in New York Luckin Coffee filed for bankruptcy protection in New York under Chapter 15 of the US Bankruptcy Law. All the company’s stores in China are still open and providing services to customers, a……

SMIC Co-CEO Zhao Haijun said on the fourth quarter earnings conference call today that “So far, no customers have been found determined to leave SMIC.” The Chinese chip maker can ensure continuous production for three months. SMIC has established a spe……

China’s fitness industry underwent a boom during the pandemic. It also sought to innovate and find new models that work better in a new and more confined lifestyle. Investors favor food technology and health technology in the next ten years. It c……

SMIC plans to expand the production of mature 12-inch production lines by 10,000 pieces this year Zhao Haijun and Liang Mengsong, co-CEOs of SMIC, said that the current capacity of the foundry industry is tight, especially the demand for mature process……

Just one month into 2021, there have been waves of big news in the field of autonomous driving. On January 14, Chinese autonomous driving company WeRide raised US$310 million for its series B round of financing. Investors include Zhengzhou Yutong Group……

There were 413 equity investment cases in the domestic semiconductor industry in 2020, with an investment amount of more than RMB140 billion yuan, which is nearly five times as much as the investment of about RMB30 billion yuan recorded in 2019, accord……

China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money each workday.
DealShot: 19 Deals Pas……

Huawei’s first domestic chip manufacturing factory, Wuhan Huawei Optical Factory Project (Phase II), has officially completed construction. The project is located in Wuhan Optics Valley Center, with a total construction area of ​​208,900 square m……

The 14th Hangzhou Cultural and Creative Industry Expo was held in Hangzhou, capital of Zhejiang Province in southeastern China, from Oct. 29 to Nov.
The data Hangzhou Promotes Local Products To Global Buyers appeared on ChinaSourcingNews.com.
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