ByteDance Bets on Web Novel Business, Launching Mytopia Application Overseas
Chinese internet giant Bytedance has recently launched three new novel applications domestically and overseas.
11/22/20212 min read
Category: Industry
Showing 12 of 6361 posts in this category
China VC Weekly: Taxes, E-bikes, Disinfection
In last week’s VC news, a diverse cohort of Chinese startups raised considerable capital across industries spanning tax automation, fintech, mobility, robotics and more.
2/22/20227 min read
NIO’s Sales Increase Could Jeopardize Company
On March 18, Chinese EV-maker NIO released its latest financial report showing that the company’s fourth-quarter revenue fell year-on-year, while losses mounted.
3/19/20202 min read
Qutoutiao's Q3 Revenue Reaches $151.47 Million, DAU of Midu Hits10 Million
Chinese mobile content platform operator Qutoutiao announced its third quarter performance report ending September 30, 2021.
12/22/20212 min read
Microsoft CEO Speaks at Xiaomi, Recieves Gift of Phone
Microsoft CEO Satya Nadella visited Xiaomi Corp. to speak on the morning of October 31. After Nadella's talk, Lei gave him a Mi MIX 2 handset as a gift and acco...
Jihan Wu Resigns as Bitmain CEO to End Power Struggle with Micree Zhan
Jihan Wu, the co-founder of Bitmain, announced he will resign as CEO to resolve a year-long dispute with Micree Zhan, the other co-founder, according to an internal letter he issued.
1/28/20213 min read
NetEase Cloud Music Delays Hong Kong IPO
On Monday, Reuters-owned media outlet IFR reported that NetEase Cloud Music has postponed its initial public offering (IPO) in Hong Kong after previously passing the listing hearing on August 1.
8/10/20212 min read
New Adjustment to Meituan's Retail Business: General Manager of Kuailv Division Changed
On November 20, the general manager of the Kuailv Division of Meituan changed from Guo Wanhuai to Gao Yulong, the former head of the division's commodity department.
11/22/20212 min read
Tencent's TiMi Studio Group Establishes New Studio in Montreal to Develop AAA Open World Games
TiMi Studio Group, a subsidiary of Tencent Games, announced on Tuesday that it has established a new AAA game studio TiMi Montréal in Montreal, Canada.
7/20/20212 min read
Huawei Refutes Rumored Return of Self-Developed Kirin Chipsets in 2023
News emerged in recent days that Huawei's Kirin chipsets, which have been stalled due to sanctions imposed by the US Department of Commerce, may stage a comeback next year. Given existing restrictions, however, the new chips are likely to be positioned as mid-end. Regarding the matter, Huawei responded on November 7, stating that the reports are untrue.
11/7/20223 min read
SenseTime Launches "SenseNova" Foundation Model Sets and AI Computing Systems
Chinese artificial intelligence company SenseTime unveiled the "SenseNova" foundation model set, introducing a variety of foundation models and capabilities in natural language processing, content generation, automated data annotation, and custom model training.
4/11/20233 min read
Xiaomi Reshuffles Indian Management Team
Xiaomi India appointed Muralikrishnan B, its Chief Operating Officer, as its new president on July 15. The new president will be responsible for day to day operations, services, public affairs and strategic projects.
7/15/20222 min read