Alibaba Sets Up Business Data Services Subsidiary Lingyang
Chinese internet giant Alibaba announced the establishment of a new subsidiary on Wednesday called Lingyang.
6/29/20222 min read
Category: Industry
Showing 12 of 6375 posts in this category
China's Top Electric Appliances Manufacturer Gree Cancels Employee Stock Ownership Plan
China's electric appliance giant Gree is planning to cancel the company's employee stock ownership plan, leading its total equity to shrink from 6.016 billion units to 5.914 billion units.
6/28/20212 min read
CATL Launches First EVOGO Battery Swap Services in Xiamen
Chinese battery maker Contemporary Amperex Technology Co., Limited (CATL) officially launched its EVOGO battery swap services in Xiamen, in southeast China's Fujian Province, making it the world's first EVOGO city.
4/18/20222 min read
Geely Chairman Li Shufu's Shareholding in Smartphone Company Falls to 6.77%
According to Tianyancha App, Li Shufu, founder and Chairman of Geely Group, substantially reduced his shareholding ratio in Hubei Xingji Times Technology Co., Ltd., a smartphone company he had founded, from 55% to 6.77%.
12/20/20212 min read
Luckin’s Ex-Chairman Lu Zhengyao Becomes Judgment Debtor for Third Time, Faces $188 Million Fine
According to public information posted to China's enforcement information disclosure website, Luckin Coffee’s ex-chairman Lu Zhengyao on Wednesday was listed as a judgment debtor by the Higher People's Court of Beijing Municipality, obliging him to pay about 1.2 billion yuan ($188 million) in fines.
Baidu-Geely EV Venture to Unveil First Model Priced Above $31,000 Next Year
Jidu Auto, the joint electric vehicle (EV) venture between Chinese search and AI giant Baidu and automaker Geely, will unveil its first model at the 2022 Beijing Auto Show, according to its top executive.
6/2/20214 min read
New Oriental Reports $876M Loss in H1 Fiscal Year 2022
Chinese private education and training company New Oriental on Tuesday night announced its financial report for the first half of fiscal year 2021-2022.
2/23/20223 min read
Huya Stocks Rise Over 7% Against The Market, Could Merge With Douyu By the End of This Year
Live-streaming platform Huya gained 7.54%, with the stock price climbing to $17.25, giving it a total market value of $3.786 billion as the mergence between Huya and Douyu is said to be underway.
6/12/20202 min read
Apple To Hold Its First Ever E-commerce Live Event
As China's “618” shopping festival is drawing near, the Apple Store Official Flagship announced that it will conduct its first ever e-commerce live event. The event will take place at 19:00 on May 31 on Tmall, marking the first time that Apple has officially organized a live event on an e-commerce platform.
Baidu’s Smart Mini Programs in Post-Covid World: More Than Information Navigation
Xiaoli Ping, Vice President of Baidu and General Manager of Baidu App, answered questions about the recent progress of Baidu App’s smart mini program in the afternoon group interview session of Baidu World 2020 on Sept. 15.
9/16/20202 min read
Interlude in Tim Cook's Shanghai Visit
“Hello again! Hai Na Bai Chuan, Shanghai changes with every passing day,” Apple CEO Tim Cook posted on Sina Weibo on Monday, with a photo of Shanghai's most fam...
Xiaomi to Go Public as Soon as H2 2018 in Unexpected Way
On March 5, National People's Congress (NPC) representative Lei Jun said in an interview that the dual-class shares implemented in the Hong Kong Stock Exchange ...