So far in 2018, Tencent’s stock price has continued to tumble from analysts’ price targets. Today, it sits at $430B, a far cry from its $570B market cap in January, and having done far worse than the market. Some commentators blame the decline on Tencent’s Q2 results, which showed a 2 percent drop in earnings…
Bike-sharing giant ofo has finally agreed to be bought out by Didi-Chuxing according to Chinese media. The deal is said to be worth $2 billion and that all other co-founders, except for CEO Dai Wei, will be leaving the company, according to the report.
A number of blockchain news and media accounts on WeChat became inaccessible on the evening of August 21. The Tencent WeChat team released a statement next day saying that the accounts have been permanently banned and their content removed due to a violation of government provisions.
Career and social networking platform, Maimai, announced its Series D round of funding on August 21. The China-based company raised $200 million at a valuation of over $1 billion, making it the first and only unicorn in the career and social networking space.
Electric vehicle startup XPENG Motors will manufacture G3 electric SUV and the delivery will start at the end of 2018.
One of China’s largest technology companies, Tencent Holdings Ltd., published its quarterly results on August 15, showing a year-over-year profit drop for the first time in 13 years.
Alibaba Group, the Chinese e-commerce giant, announced on August 16 the addition of luxury jeweler Tiffany & Co. to its Luxury Pavilion on the Tmall shopping platform.
The Pandaily team finally got a chance to review newly released Nut R1 flagship phone by Chinese smartphone maker Smartisan Technology and here are our thoughts.
OPPO and vivo lead the Chinese domestic market in sales volume of over 73 millions in the first half of 2018.
China’s information authority released a list of top 100 Chinese Internet companies on July 27, ranking Alibaba, Tencent and Baidu, JD.com, and NetEase as the top five.
Ofo dispelled rumors on July 30 that its negotiation with DiDi Chuxing is soon to come to a close.
Huami Corporation, a Xiaomi-backed public company specializing in smart wearable technology, announced on July 26 the purchase of core assets from Zepp International Limited, a leading wearable sports technology company.
Electric vehicle (EV) startup XPeng Motors held a design salon on July 25 in Beijing, to “explore design transformation of AI vehicles”.
The Internet age has brought with it the “New Four Great Inventions” of China: high speed trains, scan-and-pay mobile payments, bike-sharing, and ecommerce. This week’s episode is the first in a two-part story on bike-sharing
Facebook has registered a company in Hangzhou, China on July 18, as reported in a filing with China’s National Enterprise Credit Information Publicity System.