OYO to Lay Off 5000 Employees Worldwide, Majority in China
The Indian hotel chain OYO is in the process of laying off over 5,000 employees worldwide. China will take the hardest hit due to the impact of the COVID-19.
Category: Industry
Showing 12 of 6372 posts in this category
Alibaba Marks Homecoming with Hong Kong IPO
Alibaba Group debuted on the Hong Kong stock exchange, becoming the first Chinese company to be publicly listed in both Hong Kong and the United States.
11/26/20192 min read
Chinese Scientists Invent Illuminating Fabric That Can Display Text
Scientists from Fudan University have developed a smart fabric with a display system that allows users to turn their clothing into a digital screen.
3/12/20214 min read
Sequoia China Unveils Hóng, A Digital Virtual Employee
Prominent investment institution Sequoia China launched its first digital virtual employee, named Hóng, on July 11.
7/11/20222 min read
ByteDance Cancels Talent Development Center in Effort to Streamline HR Department
ByteDance's internal email showed that the internet giant had recently cancelled its Talent Development Center. The existing team members have been given priority for internal transfers, and if there were no suitable positions, they would likely leave the company.
12/15/20213 min read
HDC.Together 2020: Huawei Releases New Developer Technologies to Enable Full-Scenario Smart Ecological Experience
Huawei Developer Conference 2020 (HDC.Together) kicked off on Sept. 10, unveiling HarmonyOS 2.0 and its ambition to launch a full-scene smart ecosystem.
Popular Kuaishou Livestreamer Accused of Selling Counterfeit Coolpad, ZTE Phones even after Paying Compensation for Previous Fakes
Kuaishou anchor Ping Rong (Lvsao) was reported to have been trading yet more fake brands after last month's controversy for selling copycat Doov smartphones.
6/3/20213 min read
Miniso Responds to Critical Report by Blue Orca Capital
Chinese low-cost retailer Miniso responded on July 27 to allegations made in a recent report by short selling institution Blue Orca Capital. The company said it believes that the report is groundless and contains misleading interpretations and conclusions.
7/27/20222 min read
Sequoia Capital and Xiaomi Reduce Stakes in Segway-Ninebot
Segway-Ninebot, a manufacturer of intelligent short-distance transportation and service robots, announced on Monday that the venture capital institutions under Sequoia Capital and Xiaomi had reduced their stake by nearly 6.5% in the past few months.
6/7/20223 min read
JD to Subscribe for 5.37% of China Dili’s Shares for HK$798M, Eyes Grocery Supply Chain
On the evening of Dec. 27, China Dili Group issued an announcement that e-commerce giant JD.com intends to subscribe for 5.37% of China Dili's shares for HK$798 million.
12/28/20202 min read
Qiming Venture Partners Completes Fundraising of $3.2B
Venture capital institution Qiming Venture Partners announced that it has raised $3.2 billion for its new fund.
7/11/20222 min read
Luxury E-Commerce Platform Secoo Stock Price Jumps After ChatGPT Announcement
Secoo, a Nasdaq-listed luxury e-commerce platform, announced on February 6 that it will explore the use of AI-generated content (AIGC) and ChatGPT-related technology. Its stock price soared by 127.55% to $3.80 on this news.
2/8/20233 min read