Merger of Huya and Douyu Stopped
On Monday, China's antitrust regulator blocked Internet giant Tencent's plan to merge Huya and Douyu, two major domestic video gaming platforms.
Category: Industry
Showing 12 of 6361 posts in this category
Pinduoduo Employees Accuse Alibaba of Blocking Them From Proper Access to Taobao
On March 25, several Pinduoduo employees stated on social media that Taobao implemented a so-called “risk control” strategy against them by blocking them from their platform.
3/30/20202 min read
ByteDance's Feishu Shifts Focus to Global Market
The management team of Feishu, an office communications platform owned by ByteDance, revealed at a recent internal meeting that the product's domestic business operations in China will soon no longer be profitable, and its focus will shift to overseas markets.
BOE Preparing to Make OLED Panels for IT Products
BOE, a Chinese electronic components firm, has recently converted the layout of its B12 OLED panel factory so that it can manufacture panels for IT products and automobiles, besides just smartphones.
Xiaomi Obtains Patent for AR Glasses
According to Chinese enterprise data platform Tianyancha, a patent application for AR glasses submitted by consumer electronics giant Xiaomi was officially approved on Tuesday.
5/31/20222 min read
Alibaba Unveils AI Technology for Cafés and Restaurants
On May 23, Alibaba Machine Intelligence Technologies unveiled its latest intelligent speech interaction technology aimed at “smart ordering” in cafés and restau...
Carrefour China Given State-owned Funding Amid Bankruptcy Speculation
Supermarket chain Carrefour China, affected by the impact of e-commerce and the epidemic, reached a cooperation agreement with a state-owned facility in East China’s Anhui Province on February 20 to help with its business upgrading.
2/24/20233 min read
Alibaba Enlarges Share Repurchase Plan, Appoints New Independent Director to Board
Alibaba Group announced Tuesday that the company’s board has authorized the raising of its share repurchase program to $25 billion from the previous level of $15 billion.
3/22/20222 min read
ByteDance’s VR Brand PICO Announces Upgrade
With the rapid development of the whole VR industry, PICO, a VR brand acquired by ByteDance, officially announced an upgrade to its brand on September 5.
9/5/20223 min read
JD.com to Cut Executive Salary by 10-20%
Richard Liu, the founder of Chinese e-commerce giant JD.com, announced in an email to all employees on November 22 that starting from January 1, 2023, the cash salary of senior managers will be reduced by between 10% and 20%.
11/22/20223 min read
Huawei Stockpiling Chip Inventories Before US Ban Takes Effect on Sept. 15
Huawei’s HiSilicon has chartered a cargo plane to ship Kirin and other related chips from Taiwan to mainland China as a measure to race against the clock before the latest US ban takes effect on Sept. 15, which demands chipmakers across the globe stop supplying semiconductors to Huawei.
ByteDance Invests in Online Encyclopedia Baike to Compete with Baidu
Chinese social media giant ByteDance injected millions of dollars into Baike.com to enrich its sea of searchable content on its recently released Toutiao search engine.
8/19/20192 min read