Bytedance Apps Prohibited from Sharing WeChat User Info
The competition is heating up between Chinese tech giants Tencent, owner of WeChat, and the world’s most valuable startup ByteDance, the company behind TikTok.
Xiaomi CEO Loses Bet to Gree Despite Strong Growth in 2018
China’s electronic company Xiaomi announced a 52.6 percent year-on-year growth in revenue in 2018 despite a lower-than-expected revenue in its fourth quarter.
Meituan Reports Growing Losses, Followed by Stock Slide
China’s online food delivery-to-ticketing company Meituan Dianping reported a total loss of 115 billion yuan in last year, and an 11 billion yuan operating loss, dropping down by 190 percent compared to that of 2017.
Tesla Decides Against Lowering Prices to Keep More Stores
There has been a new development on Tesla’s sales strategy.
Tesla Deeper in Trouble in China
The world’s leading electric vehicle (EV) manufacturer Tesla has been embroiled in controversy lately in one of the largest EV markets—China.
Faraday Future Extends the Furlough While Seeking Investment
Electric vehicle (EV) manufacturer Faraday Future (FF) said in an internal email on Tuesday that employees on unpaid leave could no longer return to work on March 1 as planned, according to American news site The Verge.
China’s Horizon Robotics Becomes the World’s Highest Valued AI Chip Unicorn
Chinese Artificial Intelligence (AI) chipmaker Horizon Robotics announced a massive $600 million funding in its Series B financing round, setting a new record of funding in the AI chip making industry.
Meituan-Dianping Named the World’s Most Innovative Company by Fast Company
Chinese on-demand service platform Meituan-Dianping overthrows Apple as the world’s most innovative company according to a recent ranking of American business magazine Fast Company.
Alibaba’s Taobao Marks Banner Year of Philanthropy Efforts
Tech giant Alibaba announced a banner year of philanthropy efforts by its e-commerce subsidiary Taobao in 2018.
It’s Official. Xiaomi Will Launch Mi 9 Next Week
Xiaomi has officially confirmed to launch its latest flagship model Mi 9 on Feb. 20. The Chinese smartphone manufacturer claims that Mi 9 is by far the best looking smartphone produced by the company.
Huawei Denies Any Wrongdoing Alleged by the U.S.
The United States filed charges against China’s telecom giant Huawei with allegations of stealing trade secrets from an American rival and committing bank fraud in violation of the sanctions against Iran on Jan. 28.
China’s First 5G Real-time VR Transmission Test Conducted for Spring Festival Gala
Chinese state media China Media Group, in partnership with telecom operator China Unicom and tech giant Huawei, completed China’s first real-time VR transmission test through 5G network on Jan. 28.
Mobike Rebrands as Meituan Bike, Now Available Through Takeout Delivery App
On Jan. 23, Wang Huiwen, co-founder and senior vice president of Chinese food delivery giant Meituan Dianping, announced in an internal letter the full integration of bike-sharing company Mobike into the Meituan system.
Xiaomi Teases a Double Folding Smartphone
Chinese electronics company Xiaomi’s co-founder and president Lin Bin teases a three-panel foldable phone on China’s social media platform Weibo. Lin claims it to be the world’s first double folding smartphone.
SenseTime’s AI Technology Enables Intelligent Security Check-in System
SenseTime, the world’s most valued artificial intelligence (AI) startup, recently formed a partnership with Beijing Capital International Airport Company to create a smart security check-in system for Daxing Airport, the capital’s new airport is currently under construction.