Tencent to Continue Layoffs in Second Half Year, Sources Say
Chinese Internet giant Tencent will reportedly continue to cut staff numbers in the second half of this year.
6/23/20222 min read
Category: Industry
Showing 12 of 6422 posts in this category
Alibaba Invests 40 Million Yuan in Dazhong Chuxing
Shanghai Dazhong Public Utilities (Group) Co., Ltd. announced on Wednesday that Dazhong Chuxing plans to increase capital, enlarge shares and attract a new investor – Alibaba.
11/18/20213 min read
BYD Reaches Strategic Cooperation With Acoustics Firm Goertek Dynaudio for Intelligent Vehicles
On Wednesday, leading Chinese EV maker BYD and high-end loudspeakers supplier Shanghai GoerTek Dynaudio Electronic Technolgy Company held a signing ceremony for a new strategic cooperation between the two firms.
11/11/20212 min read
Cheese Tea Brand HeyTea Rumored to Have Raised New Funds at a Valuation of RMB 16B
Cheese tea chain HeyTea is rumored to have completed a new round of financing led by Hillhouse Capital and Coatue with its post-investment valuation possibly exceeding 16 billion yuan.
3/23/20202 min read
China VC Weekly: Chip Packaging, EVs and Bone Grafting
In last week’s VC news, integrated circuit chip developer SJ Semiconductor has raised $300 million in a Series C round to expand R&D investment, and more.
10/12/20215 min read
Evergrande Group Investigates Redemption of Investment Products by Executives, Requires Six Executives to Return Funds Within Time Limit
The ongoing storm related to the overdue redemption of Evergrande's wealth management products continues and doubts about the earlier redemption of these products by some of the company's senior executives are immense.
9/18/20213 min read
Alibaba Integrates Domestic and International E-Commerce, Establishes E-Commerce BG
Alibaba establishes e-commerce business group to integrate Taobao, Tmall, international digital commerce group, and other e-commerce businesses.
11/22/20243 min read
Bilibili Releases First Uploader-Customized Digital Collection Series
Chinese video streaming platform Bilibili and one of its popular content uploaders jointly launched a series of customized digital collections on July 21, with a limited distribution of 5,000 copies.
On-demand Logistics Startup Lalatech Applies for Hong Kong IPO
On-demand logistics startup Lalatech, which operates Lalamove and Houlala, on March 28 applied to be listed on the Hong Kong stock exchange.
3/29/20233 min read
Leading Autonomous Vehicles or Self-driving Car Brands in 2019
A new kind of vehicle that doesn’t require drivers seems to be just around the corner. Tech giants, startups, car makers, and ride-hailing firms are now racing to get the autonomous vehicles (AVs) on public roads.
Chinese Battery Maker Hangke Technology Mulls Swiss Listing
On the evening of September 19, Chinese battery manufacturer Hangke Technology, which is currently listed on Shanghai's Science and Technology Innovation Board, announced that it plans to issue global depository receipts (GDRs) on the SIX Swiss Exchange.
9/20/20223 min read
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