Meituan Dianping Q2 Revenue Surges 8.9% to $3.58B, Beats Estimates
Meituan Dianping reported a revenue of 24.72 billion yuan ($3.57 billion) in the second quarter of 2020, surpassing the 23.48 billion yuan average estimates.
8/24/20202 min read
Category: Industry
Showing 12 of 6375 posts in this category
Michael Yu Increases Shareholding in Koolearn
Michael Yu acquired another 1.429 million shares of Koolearn, an online education company under New Oriental Education, at an average price of HK $6.95 per share.
11/22/20212 min read
NetEase-backed LOFTER's Avatar Generation Function Triggers Infringement Dispute
LOFTER, a life-sharing community owned by Chinese tech giant NetEase, recently launched an "avatar generator" function for testing, but was immediately met with controversy as several parties claimed infringement of intellectual property rights.
WeChat Channels Live E-Commerce Team Merges Into the WeChat Open Platform Team
On May 28th, WeChat issued an internal announcement that the WeChat Channels live e-commerce team has been reorganized.
Alipay Launches International Version to Ease Access for Foreign Users
Ant Financial has announced that their market leading payment platform is now available for all foreign users to pay in China.
11/5/20192 min read
Travel Agency Tuniu Loses $29.5 Million in Q1 As It Struggles to Stay on Nasdaq
Tuniu Corp. (TOUR) reported Wednesday a net loss of 201.5 million yuan ($29.5 million) on revenue of 174 million yuan, a year-on-year decrease of 61.9%, in Q1 2020.
6/12/20203 min read
The Brain Behind Disney+ Joins ByteDance to Lead TikTok
TikTok-owner ByteDance has appointed former Disney streaming executive Kevin Mayer as the new Chief Operating Officer, effective June 1.
ByteDance Launches New Search App "Wukong"
ByteDance, the Beijing-based parent company of TikTok, has launched a brand-new "Wukong Search" app.
8/23/20222 min read
ChinaLin Securities Plans to Acquire ByteDance Subsidiary
Shenzhen-based ChinaLin Securities announced on Monday that the company signed a purchase agreement of "Dolphin Stock" with ByteDance.
2/21/20222 min read
Suning Partners with Hainan Tourism Investment Development to Expand Its Duty-Free Retail Market
On Dec. 28, China’s commercial giant Suning Group and its subsidiary Suning International partnered with Hainan Tourism Investment Development Co. Ltd to expand its duty-free retail market.
Battery Firm ProLogium Secures Millions of Euros From Mercedes-Benz
Daimler AG released an update on its official website on Thursday, stating that Mercedes-Benz has signed a technical cooperation agreement with ProLogium Technology Co., Ltd., to jointly develop next-generation batteries.
1/28/20222 min read
Xiaomi Launches New Lifestyle Products
Xiaomi on Wednesday announced five new lifestyle products including a fitness band, electric scooter, TV stick, curved gaming monitor and wireless earphones.
7/16/20204 min read