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Chinese social commerce app Xiaohongshu, or "Little Red Book", said on Friday it had secured 0 million from a cohort of investors led by Alibaba Group Holding Ltd, as word-of-mouth and cross-border shopping continue to influence China's retail landscape.
Citing the Regional Comprehensive Economic Partnership (RCEP) and China's Belt and Road Initiative as two key factors aside from the Association of Southeast Asian Nations (ASEAN)'s Economic Community (AEC), Fitch Group unit BMI Research said such elements will bring the region closer together and fuel growth in the coming years.
Chinese seniors have diversified and higher-level consumption needs nowadays. To tap the market, He's company organized health lectures and offered discounts to the elderly. He also cooperates with nursing homes, providing free or discounted pedicures and footbath services.
Chinese startups are increasing their offerings. Nio is demonstrating its battery-swap service and autonomous driving system. WM, which has just finished a 10 billion yuan (.47 billion) financing round, announced prices of its six-seat EX6 Plus SUV.Meanwhile, Xpeng unveiled a flying electric car prototype. Enovate is highlighting the digitalized functions of its ME7, and Human Horizons, whose stand is next to Tesla's, wowed the audience when its HiPhi X SUV was unveiled two days ahead of the auto show.
Chinese smartphone vendor Xiaomi Corp said it will launch at least six new smartphones and open 100 exclusive stores in India, the world's fastest-growing major smartphone market, this year.
来源：资阳报