TikTok Sets Goal of $12 Billion in Advertising Revenue in 2022
TikTok's advertising revenue in 2021 reached nearly $4 billion. Multiple sources also said that the company's goal for 2022 is to achieve at least triple the growth.
1/13/20222 min read
Category: Industry
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'Avengers: Infinity War' Grossed 1.29 Billion in China's Opening Weekend
The Marvel movie "Avengers: Infinity War", also known as Avengers 3 in China, has attracted huge amounts of attention since its release in China on May 11. Acco...
5/14/20183 min read
Battery Swapping Service Provider Aulton New Energy Starts Preparing IPO
Huang Chunhua, general manager of marketing for Aulton New Energy, a battery swapping service provider, revealed on Wednesday that the company has started IPO preparations and will soon begin round C financing.
Alipay Is Testing the Social Feature 'Interest Community'
Alipay is currently testing a social feature called 'Interest Community', which aims to help users discover interesting things and find playmates.
Alibaba Ranks 5th in Fortune Magazine's Change the World 2018 List
Alibaba Group ranked fifth in Fortune magazine's Change the World 2018 list for the philanthropy work done through its subsidiary mapping service that literally...
First China-Made C919 Passenger Jet Starts 100-Hour Inspection Flight
The world's first C919 passenger jet received by China Eastern Airlines kicked off a 100-hour inspection flight on December 26.
12/26/20223 min read
Ant Financial Launches Major Fintech Conference in Shanghai
Ant Financial announced the launch of the INCLUSION Fintech Conference, an event that aims to bring together the global financial and technology community.
1/15/20202 min read
iQiyi Adventure Dream VR Launched, Equipped with Qualcomm XR2 Platform
iQiyi held a press conference on Wednesday to launch its Adventure Dream VR all-in-one machine, with a price tag of 1999 yuan. The machine is equipped with the Qualcomm XR2 platform.
12/1/20212 min read
Alibaba's Kaola E-Commerce App Shrinks to Less Than 20 Staff Members
As of July 2022, Kaola, a cross-border e-commerce platform acquired by Alibaba nearly three years ago, has shrunk from more than 400 people in 2021 to less than 20 people.
8/19/20222 min read
Huawei Sues Transsion For Intellectual Property Infringement
Transsion, a Chinese smartphone company best known for its dominance in the African market, has been hit with a lawsuit from Huawei on the eve of its public filing on Shanghai’s STAR board.
9/29/20193 min read
Beijing Government Orders LeEco's Ex-Chairman Back to China by Yearend
The Beijing Securities Regulatory Bureau released an announcement on December 25 that former LeEco chairman YT Jia must return to China by December 31. Jia is r...
Sony Pays $400 Million for Shares of China’s Bilibili, Joining Tencent and Alibaba as Strategic Investors
Chinese video sharing website Bilibili received $400 million in strategic investment from Sony and will further collaborate with the Japanese conglomerate, it announced on Thursday.