Ant Group Files to Go Public in Shanghai STAR Market and HKEX
China’s biggest fintech unicorn Ant Group filed paperwork on Tuesday to dual-list in the Shanghai STAR Market and Hong Kong Stock Exchange (HKEX).
8/26/20202 min read
Category: Industry
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Baidu Netdisk Denies Manually Reviewing User Photos
Baidu Netdisk, a cloud storage product owned by Chinese tech giant Baidu, issued a statement on the evening of August 18, denying rumors currently circulating on social media that the company was manually reviewing end users' photos hosted on their platforms.
Li Auto is said to Cooperate with Nvidia, Desay SV
Leading domestic electric vehicle startup Li Auto will hold a strategic cooperation signing ceremony on Sept. 22 with chip-making giant Nvidia.
Capturing Reality and Creating Realities: FXG Founder Nikk Mitchell’s VR Journey in China
Nikk Mitchell has lived in China for over a decade. In 2017, Nikk founded FXG, a technology company focusing on high-quality VR IP creation and bridging the divide between China and the international community.
12/4/20207 min read
New Dairy Brand, Adopt A Cow, Completes Round B Financing Led by Meituan Dragonball
On Friday, the new dairy brand Adopt A Cow announced its completion of a round B of financing, which was led by Meituan Dragonball.
12/17/20213 min read
Cheetah Mobile Announces Financial Results for Q4 and Full Year 2018
Chinese mobile Internet company Cheetah Mobile reported its financial results for the fourth quarter and the year of 2018.
3/26/20192 min read
Ericsson Plans to Restructure Business in China After Revenue Plummeted 74%
On October 19, Borge Eckholm, President and CEO of Ericsson, revealed that the company's revenue from the Chinese market plummeted by 74% in the third quarter.
10/27/20213 min read
Baidu Adjusts Management, Accelerating Development of AI Cloud Group
Robin Li, Founder, Chairman and CEO of Chinese tech giant Baidu, announced on Thursday morning a new round of an executive rotational program in an email to all employees.
Xiaomi Changes Management, William Lu to Succeed Wang Xiang as President
Lei Jun, founder and CEO of Chinese smartphone manufacturer Xiaomi, issued an internal letter on December 22, announcing that Wang Xiang, President of Xiaomi, will retire at the end of the month and continue to serve as a senior consultant.
12/22/20223 min read
As Required by Policy, Gaotu Deposits Tuition Collected in Advance Into Designated Bank Account Supervised by Government
Chinese online tutoring firm Gaotu briefly disclosed its recent operation in a letter published on its official WeChat account on Monday. On Tuesday, the share price of Gaotu closed at $3.625/share, with a total market value of $929 million.
10/20/20212 min read
Xiaomi Has Developed the First 3nm Mobile System-Level Chip in China
Xiaomi has developed the first 3nm mobile system-level chip in China, which will be used in flagship smartphones.
CCIEE Vice Chairman Says PBOC Will Be First to Roll Out Digital Currency
Huang Qifan, vice chairman of CCIEE, firmly holds that China's central bank is close to developing its blockchain-based financial technology and will be the first to officially roll out a usable digital currency.
10/28/20193 min read