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Bi Zhen, CEO of Beijing-based fitness startup Misspao, said the self-service pods actually cater to people's increasing need for sports and exercise.

Bicycle-sharing, representative of China's popular sharing economy, has been making headlines in the past week. Wukongbike, a bicycle-sharing app developed by a Chongqing-based company, announced it will stop service on June 13, citing rising cost burdens due to lost bikes. It is the first bicycle-sharing market player to be pressured out of the sector.

Below are six things you should know about the third of the 24 solar terms in the traditional Chinese lunar calendar.

Bell Helicopter rebranded to Bell in 2018. "We wanted to move beyond being a manufacturer to becoming a tech company and flight solution provider," said Moulay.

Between 2015 and 2017, the so-called insurgent local brands had just a 6-percent share of the 33 categories these local insurgent brands represent, but delivered nearly 20-percent of value growth in their sub-categories.