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Tesla Launch Sees Huge Demand in China

Pre-orders for Tesla’s China-manufactured model attracted huge traffic to its website when it launched recently. The company is projected to start deliveries to customers in China from its domestic plant…

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How Luckin Coffee Is Beating Starbucks in China

In China, Starbucks has been the leading coffee chain for several years. But a 2-year-old local company, Luckin Coffee, is now challenging Starbucks and is growing at an unprecedented rate.

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Xiaomi Founder Pledges US$1 Billion to Charity

Lei Jun, the founder of Chinese smartphone manufacturer Xiaomi, will be receiving a huge US$1 billion bonus for his contributions to the company. The billionaire entrepreneur has pledged to donate…

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Is the Apple Card All Hype and No Bite?

The Apple Credit Card may be the next big thing the trillion-dollar company has to offer. But consumers are starting to get wind of the downsides of the supposedly revolutionary…

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Audis Made in China Causing Leukemia

Six Chinese citizens have accused FAW-Volkswagen of manufacturing “poisonous” vehicles after people close to them developed leukemia following the purchase of Audi cars from the company. FAW-Volkswagen is a joint…