Logistics Platform 58 Suyun Finishes First Funding Round of $250 Million
The logistics platform 58 Suyun announced on July 12 the completion of its first round of fundraising of $250 million, led by InnoVision Capital. SEE ALSO: Ali...
Category: Industry
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Trump's New Tarriffs on $200 Billion Chinese Imports Deemed “Blackmail” by China's MOFCOM
On June 18 evening (EDT), U.S. President Donald Trump announced another tarriff on $200 billion worth of imports from China; Ministry of Commerce in China respo...
6/19/20183 min read
Meituan's Smart Transportation Platform Split, Ride-Hailing Division Now Independent
Meituan recently split its smart transportation platform, which was established less than one year ago. The car-hailing and unmanned vehicle distribution divisions under the platform are independent.
11/30/20212 min read
Bilibili Shows Strong Performance in Q1 2020
Chinese video hosting service Bilibili released its Q1 2020 financial results on May 19.
5/19/20203 min read
Sinotau Pharmaceutical Group Completes $50 Million D+ Round of Financing with Focus on Radiopharmaceutical R&D
Sinotau Pharmaceutical Group announced in a document on Thursday that it has completed a D+ round of financing worth 320 million yuan ($50.03 million). The funds raised are for clinical R&D of new radioactive drugs.
10/21/20212 min read
Kuaishou Officially Files its IPO Prospectus in HKEX as ByteDance Seeks Pre-IPO Round of Financing
On the evening of Nov 5, Beijing time, Chinese short video giant Kuaishou officially submitted its prospectus to the Hong Kong Stock Exchange, ending the months long speculation as of when the company is to go public.
Zhejiang's New Provincial Party Secretary Visits Alibaba
Yi Lianhong, the new provincial communist party secretary of Zhejiang, home province of Alibaba, visited the e-commerce giant’s campus on December 18 to learn more about its development process, business sectors, innovation achievements and development plans.
ByteDance Launches Audiobook App with AI Narrators
By launching the app "Fanqie Changting", Bytedance determined to conquer the territory of long-form audio in China.
6/8/20201 min read
Tencent Rolls Out 24-Hour Livestreaming Platform for First Virtual Canton Fair
While the COVID-19 pandemic prevented 127th China Import and Export Fair from taking place, Tencent transformed it into a cloud exhibition.
6/15/20203 min read
China's Fosun Denies Reports of Mandatory Exposure Check by Banks
Following reports that Chinese regulators are requiring domestic banks and some state-owned enterprises to check their exposure to Fosun and related enterprises, the private investment company responded on September 14 that the news is totally false.
9/14/20223 min read
Launch Event for Baidu's ERNIE Bot Changes to Closed Exchange Meeting
Baidu AI Cloud was scheduled to hold a launch event on March 27th at which it will unveil a series of cloud services and applications related to the company's new Ernie Bot. According to sources close to Baidu's insiders, the launch event has been cancelled and "will be postponed for a few days before being released".
3/27/20231 min read
Alibaba's Cainiao Network to Open Five New Global Hubs in Asia, Europe and Middle East
On May 31 at the 2018 Global Smart Logistics Summit hosted by Cainiao Network Technology Co., Ltd., the logistics affiliate of Alibaba Group Holding Limited sho...