From "Machine Tool Empire" to Transformation: The Rise and Fall of Shenyang Machine Tool and the Challenges of China's Manufacturing IndustryA machine tool costing 350,000 yuan, with 280,000 yuan spent on foreign numerical control systems. This shocking figure reveals a painful chapter in the history of China's manufacturing industry...

Jack Ma's "Death Warrant": The Truth Behind the Suspension of Ant Group's IPOIn 2018, Ant Group planned to go public simultaneously in Shanghai and Hong Kong, with a fundraising target exceeding $30 billion. However, in November 2020, its IPO was abruptly halted...

Meituan Waimai Unveils Three Food Safety Initiatives to Foster a Flourishing Catering EcosystemOn October 31st, Meituan Waimai announced three food safety initiatives, including establishing a public disclosure mechanism for violating merchants, promoting platform inspections and third-party sampling, and creating a smart food safety management system. This is another significant measure under the "Prosperity Plan" following Meituan Waimai's adjustment of traffic allocation policies two weeks ago to encourage healthy competition in the catering industry...

Haier Smart Home Achieves Double 11 "Red Opening": Top 1 in Multiple Categories, Driven by Technology and ServiceThis year's Double 11 shopping festival started 10 days earlier, giving consumers ample time to select their desired products. Among numerous appliance brands, Haier Smart Home achieved remarkable results on the Tmall platform, leading in multiple categories and becoming the user's first choice, thanks to its robust product line, attentive service, and attractive benefits...

Hisense Refrigerators Lead the High-End Market, Empowering Green Development with Technological InnovationOn October 30, Hisense Home Appliances (SZ000921, HK00921) released its 2024 third-quarter report, showing that the company achieved revenue of 70.579 billion yuan in the first three quarters, a year-on-year increase of 8...

Ronshen "Pure Realm Vanguard Camp" Factory Exploration: Uncovering the Vibrant Stories Behind Technology, Unveiling the Secrets of Refrigerator Freshness PreservationAs Double Eleven (China's Singles Day) approaches, Ronshen refrigerators, in an effort to provide consumers with a deeper understanding of the technological prowess behind a good refrigerator, launched the "Pure Realm Vanguard Camp" factory exploration event. Recently, several prominent B station and Zhihu KOLs (Key Opinion Leaders) visited Ronshen's research and development center...

WiFi Master Key: Focusing on New Productivity, Building Secure, Convenient, and Efficient Connectivity ServicesFrom October 30th to 31st, 2024, the 11th Jiangsu Internet Conference was successfully held in Nanjing. At the Network and Data Security sub-forum of the conference, Zhang Zuoyu, Chief Security Officer of Shangwang Network, delivered a speech titled "Risk Co-governance under the Change of New Productivity", sharing the innovative practices and transformative results of WiFi Master Key driven by new productivity...

Huawei MateXT's Three-Screen Folding Design Awarded Time Magazine's Innovation of the YearOn October 31st, the Huawei MateXT Master Series, with its revolutionary three-screen folding design, was awarded the 2024 Time Magazine's Innovation of the Year award for the most innovative consumer electronics product. In September, Huawei broke through technological barriers, becoming the first company worldwide to launch a three-screen folding phone the MateXTUltimateDesign...

America's "Space Race" Cry to China: A Backdrop of Arrogance and FrustrationOn October 30th, at 4:27 AM Beijing time, the Long March 2F Y19 carrier rocket, carrying the Shenzhou-19 spacecraft, successfully launched from the Jiuquan launch center. Ten minutes later, Shenzhou-19 entered its designated orbit, signifying the successful mission and marking another milestone in China's human spaceflight history...

China's C919: Taking to the Skies, But Facing a 'Heart' ChallengeIn 2023, the C919 successfully launched, with Mr. Lu, an ordinary passenger, becoming the center of public attention for being its 500,000th passenger...

Intel Poland R&D Center to Lay Off Hundreds Amid Global Semiconductor Industry RestructuringAccording to the Polish media outlet WarsawBusinessJournal, Intel plans to lay off hundreds of employees at its R&D center in Gdask, Poland. The news was revealed based on documents submitted by Intel to the local labor office...

AliExpress Double 11 Stockpiles Surge 300%, Partners with Cainiao to Upgrade Three Hub Warehouses for the Fastest Overseas Double 11 EverAhead of AliExpress's 2024 Double 11 shopping festival, cross-border merchant warehouse stockpiles have surged by 300%. To handle the anticipated surge in orders, AliExpress has teamed up with Cainiao to comprehensively upgrade three destination warehouses in North America, Europe, and Japan and Korea...