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940% Surge: Why Are Americans Frenziedly Downloading Chinese E-Commerce Apps?
America’s Reckless Tariffs Have Unintentionally Boosted Chinese E-Commerce Apps No one saw this coming. After the U.S. imposed excessive tariffs, Chinese cross-border e-commerce app DHgate (Dunhuang) unexpectedly went viral stateside. Its downloads skyrocketed to #2 on the U.S. App Store’s free apps chart, trailing only ChatGPT in popularity. What Exactly Is DHgate? Public records show […]
Interpretation of the “Announcement on Promoting the ‘Instant Refund upon Purchase’ Service for Overseas Tourists’ Tax-Free Shopping”
2025-04-09 09:18 Source: State Taxation Administration Website To further enhance the convenience of tax refunds for overseas tourists and optimize their shopping experience, the State Taxation Administration has issued the Announcement on Promoting the “Instant Refund upon Purchase” Service for Overseas Tourists’ Tax-Free Shopping (hereinafter referred to as the “Announcement”). The key points are interpreted as follows: 1. […]
Zhipu AI Launches IPO: Valuation Exceeds 20 Billion, Becomes First “Big Model Six Tigers” Company to Initiate Listing Process
On the same day, Zhipu AI announced it will open-source its 32B/9B series GLM models and adopt a new domain “z.ai”. Zhipu AI | Strategic Financing | Beijing | Founded June 2019 | AI Knowledge Intelligence Technology Developer | 36Kr Report | Enterprise Services | Gazelle Enterprise | High-Tech Enterprise | Technology-based SME | WISE2024 […]
Services a major driving force behind China’s consumption growth: report
HAIKOU – China’s services consumption is not only rebounding but evolving rapidly, becoming a key driver of overall consumption growth, according to a report released by the China Institute for Reform and Development. The Hainan-based think tank published the report on Monday during this year’s China International Consumer Products Expo, the country’s only national-level exhibition […]
In 730 Days, XPeng Went from “Falling Behind” to “Making a Comeback”
Car Companies That “Listen” and “Stay Sober” Will Never Do Too Badly How long does it take for a car company to go from “falling behind” to “making a comeback”? XPeng has given us the answer in 730 days. Just the other day, I came across the topic of “XPeng topping the new energy vehicle […]
From ‘Water Carrier’ to ‘Game Changer’: The Survival Strategy of Nongfu Spring in the Billion-Dollar Water War
In 2024, the Chinese beverage industry witnessed another round of intense competition. Nongfu Spring, a leading player in the market, delivered an impressive annual revenue of 32 billion yuan, marking a year-on-year increase of 18%. This achievement allowed the company to maintain its dominant position in the packaged water market with a 27% market share. […]
DeepSeek-V3 Defeats R1 to Claim Open-Source Supremacy; Hangzhou Dark Horse Shakes Silicon Valley’s AI Dominance, Erasing the $1 Trillion Market Cap Myth
DeepSeek-V3 Tops the Open-Source Model Rankings; OpenAI Plans to Open-Source in Response.DeepSeek is on a roll again! Last week’s release of DeepSeek-V3-0324 surpassed its predecessor, DeepSeek-R1, on the LMSYS Chatbot Arena rankings, claiming the throne as the open-source AI champion. The ripple effects of DeepSeek’s Lunar New Year breakthroughs continue to spread! According to AI […]
Pang Donglai Publicly Criticizes Yonghui: Why Doesn’t a Store Earning 2 Million Monthly Profits Raise Salaries?
Pang Donglai Questions Yonghui’s Profit Without Salary Hikes, Exposing Capital-Labor Conflicts in RetailAt the 2025 China Supermarket Week, Pang Donglai, founder of the Chinese retail chain Pang Donglai, publicly interrupted a speech by a Yonghui executive overseeing store adjustments. He demanded answers about the Zhengzhou Xinwan store: “Why haven’t salaries been raised when the store […]
Change of Leadership at ONVO: Is NIO Closer to Achieving Q4 Profitability?
Leadership Shakeup at ONVO Ai Tiecheng ultimately paid the price for the ambitious targets he once set. He transitioned from President of ONVO to “former President,” with Shen Fei, NIO’s former energy business head, now taking the helm as ONVO Auto’s President. For Ai Tiecheng, leaving ONVO was undoubtedly a difficult decision. Just two weeks […]
Tencent’s €1.16B Ubisoft Rescue: The “Rainbow Cloud Hero” Returns
Behind the $9 billion RMB investment in Ubisoft lies Tencent’s grand strategy for global expansion. “My destined lover is a peerless hero who will come marry me riding rainbow clouds.”— A Chinese Odyssey (1995) In today’s gaming industry, this cinematic prophecy finds new meaning as Tencent – the “rainbow cloud hero” who saved Ubisoft from […]