JD Digits, the fintech subsidiary of Chinese online marketplace JD.com, is preparing for an initial public offering at China’s Nasdaq-style STAR Market in Shanghai, according to a filing by several securities firms. Why it matters: The move is part of JD.com’s broader plan to take its...

Beyond Meat is starting to hit supermarket shelves in China after it first entered the country in April by supplying Starbucks’ plant-based menu. Within weeks, it had also forayed into select KFC, Taco Bell, and Pizza Hut outlets — all under the Yum China empire. China, the world’s biggest...

The Beyond Meat plant-based patty is hitting Alibaba’s Freshippo stores in Shanghai this summer, the company said in a statement sent to TechNode on Wednesday. Why it matters: The US alternative protein company is keen to tap into China’s market, but is facing competition from local players...

Apple’s newest version of iOS is bringing a host of new features to Maps, including a a dedicated cycling option that will optimize paths with bikes lanes and even let users know the route includes challenging hills. Apple unveiled the new feature Monday at a virtual version of WWDC 2020, the...

In China’s consumer culture, “limited offers” from globally-recognized brands have the distinct potential to command long queues and consumer frenzy on levels associated overseas only with hardcore Star Wars fans. The collaboration between the buzzy American plant-based meat company...

Nasdaq will release new restrictions on IPOs that will restrict many Chinese companies from listing on the stock exchange in the future. Chinese companies listed in the US are facing increasing skepticism after Luckin Coffee admitted to fraud in April. Why it matters: The new restrictions are...

China’s state-backed funds injected more than $2 billion into domestic chip maker Semiconductor Manufacturing International Corp. (SMIC) as the country pushes for semiconductor independence from the US. Why it matters: China has stepped up efforts to build a chip designing and making ecosystem...

Canadian coffee-and-doughnut chain Tim Hortons has secured a heavyweight partner to further its China expansion. The company announced on its social media account (in Chinese) on Tuesday that it has landed funding from Tencent, the Chinese social networking and gaming giant, without disclosing the...

Chinese electric vehicle startup Nio has secured a $1 billion investment from several state-owned companies in Hefei in return for agreeing to establish headquarters in the city’s economic development hotspot and giving up a stake in one of its business units. The injection of capital comes from...

Tesla has received government approval to produce the long-range rear-wheel drive version of its Model 3 vehicle at its Chinese factory, according to documents posted Friday on the Ministry of Industry and Information Technology website. Reuters was the first to report the story. Tesla started...

“솔직히 말해보겠다. 가장 중요한 변화는 기술의 발전이다. 예전에는 사람들이 더 많은 돈을 투입해서 시장을 확보하는 데 집중했다. 스케일업할 수 있는 비즈니스 모델을 선호했다면, 오늘날은 아니다” 마이클 추 고비...