GMV of Douyin Local Life Business Tops $3.28 Billion
In the first half of this year, the gross merchandise volume (GMV) of Douyin's local life business reportedly totaled about 22 billion yuan ($3.28 billion).
7/11/20223 min read
Category: Industry
Showing 12 of 6361 posts in this category
HTC Confirmed to Conduct New Round of Layoffs
HTC confirmed that the company will conduct a new round of layoffs, the Taiwanese mobile manufacturer did not disclose specific details of the layoff plans.
12/19/20191 min read
Chinese Battery Leader CATL's Subsidiary Invests in Establishment of Mining Company
According to Qichacha, a Chinese enterprise information inquiry platform, Guizhou Shidai Mining Co., Ltd. was established on December 31, 2021, with a registered capital of 800 million yuan ($125.88 million).
1/4/20222 min read
Alibaba Reshuffles Cloud Business and DAMO Academy
Chinese tech giant Alibaba announced a new round of organizational restructuring on December 29. Daniel Zhang, Chairman and CEO of Alibaba, sent an email to all employees, setting the keyword for 2023 as "progress."
12/29/20223 min read
Zhang Ruimin, Founder of Haier, Resigns as Board Chairman and Zhou Yunjie Is Elected
Haier Group issued an announcement on Friday that Zhang Ruimin, the firm's 72-year-old founder, volunteered not to participate in the nomination of new directors at the staff meeting.
11/5/20212 min read
Education Giant New Oriental Launches Hong Kong IPO
NYSE-listed Chinese education giant New Oriental Education & Technology Group Inc. on Oct. 28 announced to launch its public offering in Hong Kong.
10/28/20202 min read
Chinese EV Maker WM Motor Recalls Over 1,000 Vehicles After Battery Fires
WM Motor, a startup electric vehicle producer, issued a recall for 1,282 vehicles on Wednesday after a car caught fire.
Geely Earned Over 100B Yuan in 2021, Up 10.3% YoY
Geely Auto Group released its 2021 financial report on Wednesday, showing that the listed firm achieved annual revenue of 101.6 billion yuan ($15.9 billion), a year-on-year increase of 10.3%.
3/23/20222 min read
Tesla Held Ceremony for Delivering the First Batch of Made-in-China Model 3 Cars
Tesla held a "Made in China Model 3 Employee Delivery Ceremony" in Shanghai on Monday, delivering the first domestically produced Model 3 cars to the first batch of employee owners.
12/30/20192 min read
Smart City Dreams of China Tech
Smart cities and smart transportation are what Chinese tech giants have been obsessed with since AI, 5G and IoT turned from hackneyed buzzwords to everyday reality.
Bilibili-Produced The Three-Body Problem Animated Series to Debut Dec 3
As its principal producer and financier, Chinese video streaming platform Bilibili announced the latest progress in producing The Three-Body Problem animated series, which is an adaptation of Liu Cixin's titular Hugo Award-winning sci-fi trilogy.
10/31/20223 min read
DJI Sued for Patent Infringement by Its Chinese-backed American Competitor
Autel Robotics, a U.S. subsidiary of Chinese technology company Autel Intelligent Technology Corp, filed a patent infringement suit against the Shenzhen-based d...
9/5/20182 min read