Xiaomi’s Electric Vehicle Expansion Bolsters Revenue Despite Initial Losses

xiaomi su7 sedan

Xiaomi EV Revenue Surges to 6.4 Billion Yuan Xiaomi has reported a significant revenue increase from its electric vehicle (EV) division. In Q2 2024, Xiaomi’s EV revenue reached 6.4 billion yuan (US$897.8 million). This growth underscores the company’s efforts to scale production and meet its ambitious goals for the SU7 sedan. The Beijing-based tech giant … Read more

The Rise of “Small-Town Literature”: A Nostalgic Trend Captivating China’s Social Media

A new cultural trend is sweeping through Chinese social media, capturing the hearts and imaginations of netizens across the country. Dubbed “small-town literature,” this phenomenon is rooted in nostalgic photography that evokes the essence of life in China’s smaller cities and counties. The trend, which taps into feelings of loneliness and longing, has sparked widespread … Read more

Heavy Rains Lead to Devastating Losses in Zixing, Hunan Province: 50 Dead, 15 Still Missing

Zixing City Flood Disaster: A Tragic Aftermath of Intense Rainfall Central China’s Zixing City in Hunan Province has been severely impacted by relentless rainfall since late July. The downpours resulted in the tragic deaths of 50 residents, with 15 others still missing, according to local authorities. The devastating weather, influenced by Typhoon Gaemi, has unleashed … Read more

Registration Opens for 8th China (Shenzhen) Innovation & Entrepreneurship International Competition

The 8th China (Shenzhen) Innovation & Entrepreneurship International Competition

Shenzhen Innovation Competition Opens for Global Entrepreneurs The 8th China (Shenzhen) Innovation & Entrepreneurship International Competition, known as the “Entrepreneurship Olympics,” is now accepting registrations. The Shenzhen Innovation Competition invites innovation and entrepreneurship projects worldwide, with no nationality restrictions. Participants will compete for significant prizes and the chance to establish themselves in Shenzhen, a leading innovation hub. … Read more

China’s 2023 Flood Season Sets Record with 25 Major Flood Events, Highest Since 1998

China Flood Season: Unprecedented Challenges in 2024 China is currently grappling with one of its most severe flood seasons in recent history, with 25 major flood events recorded so far. This makes it the most challenging year since flood data collection began in 1998. The China flood season has been marked by extreme weather, affecting … Read more

The Uncertain Future of Xiongan New Area: Modern Socialist City or Expensive Ghost Town?

Xiongan New Area Development: Ambitious Vision or Future Challenges? The future of Xiongan New Area is under significant scrutiny as experts debate whether it will fulfill its ambitious vision or encounter substantial challenges. Launched seven years ago, the Xiongan project aimed to reduce Beijing’s population pressures and promote development in Hebei province and the neighboring … Read more

Chinese Employers Offer High Salaries in Fierce Competition for AI Talent

China’s Growing Demand for AI Talent Sparks Intense Competition Chinese employers are fiercely competing to attract talent with expertise in artificial intelligence (AI). Companies aim to gain a competitive edge in the rapidly evolving technology landscape. To attract top professionals, they are offering substantial salaries. Surge in AI Job Openings and Salaries A recent report … Read more

Philippine Coast Guard Ship Scrapes Chinese Vessel in Contested Waters

Philippine Coast Guard Incident Near Xianbin Jiao Sparks Tensions In the early hours of Monday, a significant incident occurred between a Philippine Coast Guard ship and a Chinese vessel near Xianbin Jiao. This event has heightened tensions in the South China Sea. According to the China Coast Guard (CCG), the collision took place around 3:24 … Read more

Interprovincial Air Taxi Service Launches Between Shanghai and Kunshan

New Air Taxi Service Connects Shanghai and Kunshan On August 18, a new interprovincial low-altitude passenger transport route opened, connecting Shanghai Pudong International Airport with Kunshan City Terminal in Jiangsu province. This service significantly reduces travel time between these two key locations. Shanghai Newsky Helicopter Co. operated the inaugural flight, which departed from Kunshan at … Read more

Shenzhen Railway Stations Handle Over 23 Million Passengers Amid Summer Travel Peak

Shenzhen Railway Summer Surge Sees Record Passenger Traffic During the summer travel peak from July 1 to August 11, the Shenzhen Railway Summer Surge saw over 23 million passengers passing through the city’s railway stations. This period set a record high of 738,000 passengers in a single day, highlighting the intense demand for travel during … Read more