Overseas Expansion Express | Following food delivery and fresh produce, Meituan's shared power banks have also gone global / JD Logistics launches overseas express brand JoyExpress in Saudi Arabia

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Today's Good Articles

Following Food Delivery and Fresh Produce, Meituan's Shared Power Banks are also Going Global

The global expansion of power banks is probably another imaginative business for Meituan. However, there is no completely certain answer yet on how to proceed on this path.

The New Tea Drink Battle in the US: HEYTEA Opens a LAB in New York, Bawang Targets Beverly Hills, and Luckin Disrupts with $2 Drinks

The global expansion of new tea drinks is no longer a romantic narrative of opening up new territories. The fierce battle that has advanced from Chinese streets to global business districts has just begun to heat up.

I Conducted On-the-spot Research in Shenzhen for 3 Months and Found Five Keys for Chinese Energy Storage Companies to Survive

Shenzhen's energy storage companies are constantly expanding into new markets like wildfire. The answer lies in the flexible supply chain as delicate as capillaries and the "all-pervasive" response to the needs of the most remote corners of the world.

Interview with Zhou Zhifeng of Qiming Venture Partners: In the Global Competition of Agents, Chinese Entrepreneurs are Seizing the C-end High Ground

Under the influence of the "shadow of giants" theory, can general agents become an opportunity for startups?

A Shenzhen Projector Company Breaks Through the Red Ocean with Cost-effectiveness, with Overseas Shipments Exceeding One Million Units

Magcubic's success shows domestic peers another possibility: Instead of engaging in endless competition in the same market, it's better to go global while maintaining a certain degree of innovation.

Betting on "Driverless + Unmanned Battery Swapping", Bolei Technology Completes a Strategic Financing of Hundreds of Millions of Yuan in Series B2

This financing will be used for the development of large-tonnage driverless mining trucks with integrated charging and battery swapping functions, the construction of a mining truck manufacturing center, and the expansion of overseas markets.

Hot News Flash

JD Logistics Launches a New Overseas Express Brand, JoyExpress, in Saudi Arabia

According to JD Logistics' official account, on June 18th, in Riyadh, the capital of Saudi Arabia, JD Logistics held a launch ceremony for its local delivery service in Saudi Arabia and announced the launch of a new self-operated B2C express brand, "JoyExpress". After the launch of "JoyExpress", local consumers can not only enjoy door-to-door delivery, cash on delivery, and high-efficiency express services such as same-day and next-day delivery when shopping on e-commerce platforms, but also get consultation and service support from a professional local customer service team at any time. (36Kr)

JD: Currently Conducting an Internal Test of Stablecoins with the Hong Kong Monetary Authority, Aims to Launch in Q4 This Year

Liu Peng, the CEO of JD Bichain Technology under JD Technology, recently stated that they are testing compliant stablecoins pegged to the Hong Kong dollar and other currencies in the "sandbox" of the Hong Kong Monetary Authority. They plan to launch the stablecoins as early as the fourth quarter of this year and first apply them to the settlement scenarios of JD's Global Sales platform in Hong Kong and Macau. Liu Peng pointed out that JD's stablecoins will focus on the traditional cross-border trade market, connecting the real payment needs in Asia-Pacific, the Middle East, Africa, and other regions with advantages such as compliance, security, and auditability. On June 19th, JD responded that the relevant statement was accurate, but the previous time point had a clear precondition: the specific schedule depends on regulatory approval. (The Paper)

Beijing Yuxin Technology Group Co., Ltd. Submits a Listing Application to the Hong Kong Stock Exchange

According to the Hong Kong Stock Exchange, Beijing Yuxin Technology Group Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange. Huatai International and BNP Paribas are the joint sponsors. (36Kr)

UniUni Completes a Series D1 Financing of Over $70 Million Co-led by Bessemer and Sinovation Ventures

On June 18th, UniUni announced the completion of its Series D1 financing, with a total financing amount of over $70 million. The Series D1 financing was co-led by Bessemer Venture Partners (BVP) and Sinovation Ventures, and participated in by new and old shareholders such as MindWorks Capital, Redpoint China, DCM Ventures, Joy Capital, Celtic House, LFX Ventures, Yuanjing Capital, and Brightway Future Capital. This financing will be used to accelerate digital construction, promote the integration of AI and logistics, upgrade automated sorting equipment, comprehensively improve the pick-up, transfer, and delivery capabilities, continuously strengthen the distribution network in the US and Canada, and consolidate its leading position in the industry. (UniUni North America Express)

Mammotion Launches Its First Pool Cleaning Robot, SPINO E1

Recently, Mammotion announced its official entry into the pool robot market and launched its first pool cleaning robot, SPINO E1. It is reported that SPINO E1 is equipped with a triple brushless motor system. The dual-drive motors work with an independent sewage suction motor, generating a cleaning power of 5800GPH. Through the integration of multiple high-precision sensors and advanced algorithms, it optimizes the bow-shaped cleaning path, automatically deflecting 45° per cleaning cycle, and supports five modes: full pool, pool bottom exclusive, pool wall exclusive, environmental protection, and MAX. Currently, SPINO E1 is available for pre-sale in major global markets such as Europe, the US, and Australia. (36Kr)

Unitree Completes the Delivery of Series C Financing

On June 19th, through multiple reliable sources, it was confirmed that Unitree Technology has completed the delivery of its Series C financing that started at the end of last year. The financing was co-led by funds under China Mobile, Tencent, Jinqiu, Alibaba, Ant Group, and Geely Capital, and most of the old shareholders participated in the follow-on investment. (Yicai)

Alibaba Cloud to Launch Its Second Data Center in South Korea in June

According to reports, people familiar with the matter said that Alibaba Cloud will launch its second data center in South Korea in June. (Caixin)

Alibaba.com: Orders on the Platform Have Increased by 42% Year-on-Year Since June

Since June, the orders on Alibaba.com have increased by 42% year-on-year, and the GMV has also maintained a strong growth of nearly 30%. The US market has recovered a growth rate of 25%, and there has even been a rush to stock up for Christmas three months in advance. Europe has continued to maintain a super-high growth rate. In fact, June is usually an off-season for foreign trade. However, this year, Alibaba.com seized the opportunity to hold a "Foreign Trade 618" event, creating a small peak in foreign trade in the middle of the year. Next, to help merchants catch the wave of US orders, Alibaba.com will extend the "Foreign Trade 618" event in the US market until August, covering the entire window period after the tariff reduction. There is no registration threshold, and newly registered merchants can also quickly participate and receive orders. (36Kr)

Alipay+ Launches the First Embedded Global Payment Solution for Smart Glasses

Alipay+ has launched the first embedded global payment solution for smart glasses. It has jointly completed the first electronic wallet payment transaction based on smart glasses with Xingji Meizu in Hong Kong. In April this year, Xingji Meizu and Alipay+ launched the offline mobile payment function for smart glasses. This new function will be promoted to more electronic wallets in Alipay+'s global cooperation network this year. (36Kr)

OpenAI Starts Offering Discounts on ChatGPT Enterprise Edition

On June 18th, it was reported that OpenAI is offering discounts on its ChatGPT Enterprise Edition for customers who bundle additional products, with discounts ranging from 10% to 20%. OpenAI expects that the annual revenue from ChatGPT enterprise customers will approach $15 billion by 2030. (Jiemian News)

Waymo Plans to Introduce Its Self-driving Taxis to New York City

According to reports, Waymo plans to introduce its self-driving taxis to New York City. (Caixin)

Zoox, an Autonomous Vehicle Startup under Amazon, Increases Production of Driverless Taxis

Zoox, an autonomous vehicle startup under Amazon, is ramping up the production of driverless taxis. The company is about to launch its first commercial operation plan in Las Vegas, the US. Zoox has opened a mass production factory in the San Francisco Bay Area. This factory will help Zoox expand its self-driving taxi fleet. Once fully operational, the annual production capacity will reach 10,000 vehicles. Zoox plans to launch a public taxi service in Las Vegas later this year and then expand its business to San Francisco. (Caixin)

After Scale AI Receives Investment from Meta, OpenAI Plans to Terminate the Cooperation

A spokesperson for OpenAI said on Wednesday that after Meta reached a cooperation agreement with Scale AI, OpenAI is gradually stopping its cooperation with Scale AI and cutting off ties with this data provider. Previously, Sarah Friar, the Chief Financial Officer of OpenAI, had said that the company would continue to cooperate with Scale AI. However, OpenAI's attitude seems to have changed. OpenAI said that it had started to reduce its cooperation with Scale AI before Meta announced last week that it would invest billions of dollars in Scale AI and hire its CEO, Alexandr Wang. The OpenAI spokesperson said that the company has been looking for other suppliers to obtain more specialized data for the development of increasingly advanced AI models. (Sina Finance)

London Aims to Attract More Chinese Companies to List Locally

Amid the shrinking of the London stock market and the lack of trading activities across Europe, London is seeking to attract more Chinese companies to list on its stock exchange. Chris Hayward, the policy chairman of the City of London, said, "We need more IPOs in London." He said that the City of London government can provide Chinese companies with opportunities to access customers and financing in the UK and promote their listings in London through the interconnection program between London and Shanghai. He also said that the City of London can encourage UK companies to raise funds and list on the Shanghai Stock Exchange. (Sina Finance)

Ministry of Commerce: Actively Promoting the Process of Joining the CPTPP

At the regular press conference of the Ministry of Commerce held this afternoon, the spokesperson said that China will actively align with international high-standard economic and trade rules such as the CPTPP, continue to conduct in-depth communication and exchanges with member countries in accordance with relevant procedures, and actively promote the process of joining. China also hopes that CPTPP members can speed up the process of China's accession. (CCTV News)

China Council for the Promotion of International Trade Organizes a Delegation of Chinese Entrepreneurs to Visit Kazakhstan

From June 16th to 19th, the China Council for the Promotion of International Trade organized a delegation of more than 230 Chinese entrepreneurs to visit Kazakhstan and attend the Second Meeting of the China-Central Asia Business Council, the Inauguration Ceremony of the Chinese Council, and the Economic and Trade Cooperation Matching Meeting of "Going to Shaanxi". Chinese and Central Asian enterprises and institutions signed 32 contracts and intention agreements at the meeting, with a total value of about $11 billion. (Xinhua News Agency)

Guangxi: Promoting the Construction of a China-ASEAN Cross-border E-commerce Live Streaming Base

Recently, eight departments including the Department of Commerce of the Guangxi Zhuang Autonomous Region issued the "Several Measures to Promote the High-quality and Innovative Development of Service Trade and Digital Trade in Guangxi". It proposed to leapfrog develop digital order trade, encourage various entities such as e-commerce platforms, operators, and supporting service providers to grow and strengthen, promote the gradient development and differentiated competition of cross-border e-commerce comprehensive experimental zones, support eligible cities to apply for cross-border e-commerce comprehensive experimental zones, develop the "cross-border e-commerce + industrial belt" model, accelerate the construction of a new cross-border e-commerce logistics and distribution system centered around "three warehouses", promote the construction of a China-ASEAN cross-border e-commerce live streaming base, cultivate cross-border e-commerce industrial clusters, and strive to create a pilot area for "Silk Road E-commerce" cooperation. (Sina Finance)

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Event | Explore the Blue Ocean of the Indonesian Healthcare Market: A 3-day In-depth Visit and Face-to-face Meetings with the Ministry of Health and the Food and Drug Administration

To help Chinese companies better seize the opportunities in the Indonesian healthcare market and effectively deal with potential challenges, Lestari, a platform for market expansion and innovation services in Indonesia, has specially launched a 3-day on-site visit project - Indonesia Discovery Program 2025: Healthcare. This project will be held in Jakarta, Indonesia, from July 29th to 31st. Focusing on the Indonesian healthcare industry, it will help companies identify opportunities in the segmented healthcare market in Indonesia, connect with key government departments and partners, and quickly formulate localized market entry strategies through on-site visits, one-on-one exchanges, customized round-table discussions, etc. As a media partner of Lestari, 36Kr Going Global will leverage its professional advantages in Chinese and English communication and the going-global field to provide content planning and communication support for the project, helping to enhance the overall industry influence. If you are interested in this event, please scan the QR code below or click "here" to fill out the form and register. You can enjoy a 15% early-bird discount if you register before June 18th.

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