BEIJING, April 18 China's Luckin Coffee, a
self-declared challenger to Starbucks Corp, has raised
$150 million in its latest round of funding from investors
including BlackRock Inc, which values the company at
SHANGHAI, April 13 Richard Liu, the founder of
Chinese e-commerce giant JD.com Inc, has weighed in on an
ongoing debate about the Chinese tech industry's gruelling
overtime work culture, lamenting that years of growth had
increased the number of "slackers" in his firm who are not his
SHANGHAI Richard Liu, the founder of Chinese e-commerce giant JD.com Inc, has weighed in on an ongoing debate about the Chinese tech industry's grueling overtime work culture, lamenting that years of growth had increased the number of "slackers" in his firm who are not his "brothers."
SHANGHAI Alibaba Group founder and billionaire Jack Ma has defended the grueling overtime work culture at many of China's tech companies, calling it a "huge blessing" for young workers.
SHANGHAI Smartphone retailers in China say it's a tough sell of late with consumers reluctant to upgrade, put off by chill economic winds. | Video
BEIJING Alibaba, Tencent, Suning, and car makers including Chongqing Changan Automobile have set up a $1.5 billion Chinese ride-hailing venture, a move that could test the dominance of ride-sharing giant Didi Chuxing.
* Q4 net profit 1.85 bln yuan vs 1.7 bln estimated by
SHANGHAI Smartphone shipments to China in February fell to their lowest in six years, market data indicated, as consumers continued to put off handset purchases amid a slowing economy. | Video
SHANGHAI China's Meituan Dianping, an online food delivery-to-ticketing firm, said its fourth-quarter operating loss more than doubled as fast revenue growth was offset by sharply rising labor costs as it took on more staff.