After 33 years, McDonald’s is finally accelerating its ... - KrASIA
WEBFeb 14, 2024 · After 33 years, McDonald’s is finally accelerating its expansion in China. Written by KrASIA Connection Published on 14 Feb 2024 5 mins read. McDonald’s wants to boost its presence in China from 6,000 to 10,000 stores by 2028, but faces competition from another global fast food chain with a broader footprint. 2023 marked a year of rapid ...
The top Chinese short-video apps in 2020 vying to grab your
WEBApr 1, 2020 · By number of MAU, the nine Chinese short-video apps are Douyin (550 million), Kuaishou (490 million), Xigua Video (270 million), Douyin Huoshan (170 million), Weishi (120 million), according to data provider Questmobile. Other popular apps, according to different data and sources, are Haokan (69 million as of June 2019 ), …
With over 36,000 stores worldwide, Mixue Bingcheng is ... - KrASIA
WEBFeb 5, 2024 · As a global made-to-order beverage company, Mixue Bingcheng focuses on offering a high-quality and affordable range of made-to-order fruit drinks, teas, ice creams, and coffees, each priced at approximately RMB 6 (USD 0.8) per serving. As of September 30, 2023, the company operates over 36,000 stores in 11 countries.
Battery giant CATL turns conservative to sustain profits amid
WEBAug 1, 2024 · In an industry scrambling to cut costs, Contemporary Amperex Technology (CATL) continues to boast substantial profits. On the evening of July 26, CATL released its first-half 2024 results, revealing that in the first half of this year, the company achieved total revenue of RMB 166.77 billion (USD 23.03 billion), a year-on-year decrease of 11.88%.
Thailand’s auto family backs China BYD’s rise in kingdom
WEBNov 7, 2023 · Rever Automotive, headed by a member of the family that owns Thailand’s well-known Siam Motors Group, has become the exclusive dealer for BYD, giving the Chinese electric vehicle maker an edge to take over the lion’s share of the Thai EV market. The rise of this relatively obscure startup poses a …
Singapore renewable developer to build major battery farm in Japan
WEBJan 2, 2024 · Singapore-based Gurin Energy plans to build a large energy storage facility in Japan, investing JPY 91 billion (USD 628 million) to tap the country’s need for storage capacity driven by a rapid shift to renewable energy. The site will have an output of 500 megawatts and a storage capacity of 2,000 megawatt-hours, enough to charge 50,000 ...
Meet BBK, the world’s largest phone maker that you’ve ... - KrASIA
WEBMar 4, 2021 · By viewing Oppo, Vivo, and Realme as part of the same group, BBK is the world’s largest smartphone maker, with a 19% market share in 2020, per recent data by Counterpoint Research. The three brands sold 262.7 million units in 2020, outperforming bigwigs such as Samsung and Huawei.
‘Stay hungry, stay foolish’: How Forrest Li built the ... - KrASIA
WEBMar 24, 2022 · In 2010, after a string of meetings with Pony Ma, co-founder and CEO of gaming giant Tencent, Li secured the exclusive publishing rights of global hit title, League of Legends, in Southeast Asia.Not long after, Tencent also handed over to Garena the publishing rights for three other popular games in the region, namely Honor of Kings, Crossfire, and WeFire.
From roadside stand to a global franchise: The rise of Mixue
WEBJul 25, 2023 · In the summer of 1997, Zhang Hongchao, armed with a meager capital of RMB 3,000 (USD 460), embarked on a journey that would lead to the creation of Mixue Bingcheng, a global chain of fresh ice cream and tea stores.Zhang Hongchao, together with his younger brother Zhang Hongfu, evolved from running a roadside ice stall in Zhengzhou, a city of 10 million people, to commanding a business empire ...
Nio unveils SkyOS, envisions AI-driven future for vehicles
WEBAug 1, 2024 · On July 27, Nio unveiled its full-vehicle operating system, SkyOS, during Nio IN 2024, its annual technology day event. It’s not uncommon for car companies to explore operating systems, but these usually serve areas like smart driving and digital cockpits. In contrast, Nio’s self-developed SkyOS aims to manage the entire vehicle, including ...