Tencent Pours $2 Billion Into Kuaishou
Chinese short-video platform Kuaishou has raised its latest found of financing, to the tune of nearly $3 billion.
12/3/20193 min read
Category: Industry
Showing 12 of 6361 posts in this category
ByteDance’s Douyin Becomes Exclusive Red Envelope Interactive Partner of 2021 Spring Festival Gala
On the evening of Jan. 26, ByteDance CEO Zhang Nan issued an internal letter to the staff, announcing that Douyin, the Chinese version of TikTok, will be the exclusive red envelope interactive partner of the 2021 Spring Festival Gala.
1/27/20212 min read
A+H Dual Listing Plan？Ant Financial: No Plan or Timetable
Ant Financial has responded to rumors of dual listing IPO of both A-shares and H-shares, saying there is no plan or timetable for an IPO.
1/15/20202 min read
Chinese AI Chip Giant Cambricon Kicks Off Trading on STAR Market, Share Price Soars 288%
Beijing-based AI chipmaker Cambricon was officially listed on the Sci-Tech Innovation Board on July 20, 2020, with an issue price of 64.39 yuan per share, a 288% increase at the opening.
7/20/20203 min read
Alibaba Issues Series of High-Level Promotions, Nine Individuals Rise to VP or Above
Alibaba Group released a new wave of internal promotions, involving a total of 37 people. The list contains all middle and senior managers promoted to the internal classifications of "P10" (Senior Director), "M6" (Vice President) and "M7" (Senior Vice President).
1/14/20223 min read
Trade War and The Grand Sino-US Race for the World’s Fastest Supercomputer
While an indiscernible presence in our day-to-day lives, supercomputing is the backbone of so many operations that if someone obliterated all supercomputers on Earth at once, our tech dependent civilization would be in shambles.
8/19/201913 min read
BOE Reportedly to Supply OLED Panels for iPhone 14
Apple had signed an agreement at the beginning of April regarding OLED panels valued at 50 million yuan ($7.6 million) with Chinese display maker BOE.
US Report: China will Become Global AI Giant, with 3 Chinese Companies among the Top 9
At the SXSW (South by Southwest) conference held in Austin, Texas, AI and China are two heated topics. SEE ALSO: China Leads the AI Industry with Second Most A...
Chinese Regulators Announce $1.19B Fine on Didi
The Cyberspace Administration of China (CAC) on July 21 issued a series of punishments for Chinese ride-hailing platform Didi, following a digital security review.
Gaotu to Stop Compulsory Education Business by End of Year
Gaotu Techedu Inc. announced that it will end its off-campus tutoring services related to academic subjects from kindergarten through grade nine (the "K-9 Academic AST Services").
11/17/20212 min read
Battery Firm Sunwoda Plans IPOs in London and Switzerland
Battery manufacturer Sunwoda released an announcement on Tuesday saying that the company plans to issue global depository receipts (GDRs) and apply for IPOs on the Swiss Stock Exchange and the London Stock Exchange.
6/29/20222 min read
Ride-hailing Didi to Be Delisted from NYSE
Chinese ride-hailing giant Didi announced on Monday that it will delist from the New York Stock Exchange. Didi plans to file Form 25 with the US Securities and Exchange Commission on or after June 2.
5/23/20223 min read