The Meaning of Idols
2018 might not be the best year for a lot of things, but so far, it has been a blessing for one industry in China: Idol-making. It all started with two shows.
Wang Xing Ranks 3rd in Fortune’s “40 under 40”
Three CEOs of Chinese tech giants are among the top 10 of Fortune’s new “40 under 40” list released by the magazine on July 20.
2018 Fortune Global 500 List Released: 120 Chinese Companies on the List
Fortune Magazine published on July 19 its annual global list of 500 corporations. This year, 120 Chinese companies made the cut, which makes China a close second to the U.S. with 126 companies.
Hyperloop TT to Build China’s First Hyperloop System
Hyperloop Transportation Technologies (Hyperloop TT) signed its first agreement with China to build a hyperloop system in the country’s technological development zone.
Newsletter: Discriminatory Hiring Practices in China, Rejected for Being “Too Rich”
Here is this week’s roundup of China tech stories.
Cheetah Mobile Launches the Most Affordable AI Translator at $40
Cheetah Mobile Inc. released on July 19 its brand-new AI interpretation device Cheetah Translator with long standby time.
Ofo to Lay Off 70% of U.S. Workforce and Shut Down Operations in Multiple U.S. Cities
The Chinese bike-sharing startup ofo confirmed with Quartz that the company is laying off employees in its North American marketing, communications, and engineering teams, along with its recent withdrawal from other markets.
DiDi and SoftBank Launches Joint Venture in Japan to Offer Taxi-Hailing Service
Didi Chuxing (DiDi) announced a joint venture with SoftBank on July 19 to offer on-demand taxi-hailing services and smart transportation solutions for customers in Japan, the world’s third largest economy.
Xiaomi’s New Budget Phone: 6.9-inch Screen and 5500mAh Battery for Only $252
Xiaomi officially launches the Mi Max 3 with its highly anticipated 6.9-inch screen and 5500mAh battery on July 19.
Xpeng Motors Welcomes a Visit From Xiaomi CEO Lei Jun along with Leaders of YY and Kingsoft
He Xiaopeng, chairman of the Chinese electric vehicle startup Xpeng Motors, welcomed a visit from top Chinese tech leaders to the auto maker’s new headquarters in Guangzhou on July 18.