‘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.
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%.
The top Chinese short-video apps in 2020 vying to grab your
WEBApr 1, 2020 · Chinese short-video apps started popping up in China as early as 2016, but they really began making an impact on the country’s internet economy in 2018, when netizens spent nearly 14 hours per month on short-video content, according to financial service provider Founder Securities.Since then, these platforms have only continued to rise, garnering over 821 million monthly active users (MAU ...
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.
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 ...
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 ...
Xiaohongshu: Can China's wildly popular app raise its profit game ...
WEBAug 1, 2024 · Compared to Bilibili, a short-video platform with a similar level of monthly active users, Xiaohongshu is doing better in terms of commercialization, as it turned profitable in 2023, reporting a USD 500 million net profit, while Bilibili is still losing money. “But Xiaohongshu falls significantly behind Douyin in terms of monetization,” the ...
Transsion taps on Africa expertise to challenge smartphone rivals …
WEBDec 8, 2023 · Transsion has maintained a relatively stable market share in Africa, which has hovered around 40% in the past two years. Beyond the continent, Pakistan and Bangladesh have also emerged as key markets for Transsion, with market shares of 37.9% and 21.5% respectively in 2022. These regions form the cornerstone of …
The top six Chinese coffee companies in 2020 bringing caffeine
WEBApr 16, 2020 · The company currently has over 4,300 locations nationwide as of December 2019, and it is aiming for 6,000 locations by 2022. The companies keeping China caffeinated. Among the new coffee companies in China that have joined the race to challenge Starbucks, Luckin is the most well-known, with more than 4,500 stores as of December 2019.
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.