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Sequoia China Seed Fund announced on February 28 that its Fund III had raised $480 million last year and has officially entered the investment period. This is the third US dollar fund raising completed in five years since 2018.
On August 31, Beijing-based tech company ByteDance held an All Hands staff meeting event. During the more than one-hour event, management responded to many problems and challenges facing ByteDance at present.
WeChat has officially rolled out a personal credit rating system to determine the trustworthiness of users.
US-based video conferencing platform Zoom will stop direct sales in mainland China from Aug. 23, and will only offer its services via third-party partners.
According to the prospectus, the firm plans to raise 2.686 billion yuan ($422.5 million) in the transaction.
AutoNavi has reached a deal with Feishu, Bytedance’s Office Suite APP, also known as Lark, and will be integrated within Feishu to provide enterprise car service for the platform’s users.
Alibaba's office software DingTalk has recently set up an Audio and Video Division which will include a specialized audio laboratory in the division. The new division of the company will be led by acoustic expert Feng Jinwei.
WeChat Pay launched the 'Learn First, Pay Later' feature. As long as your WeChat Pay score exceeds 600 points, you can 'attend classes first and pay later'.
Recently, some Chinese netizens have found that "Jiebei" within the Alipay app is now "Credit Loan," showing that the services are now explicitly provided by banks.
Chinese tech and e-commerce giant JD.com announced on Wednesday that its "Asia No.1" logistics park in Xi’an, Shaanxi Province, became the first carbon-neutral intelligent industrial park in the domestic logistics industry.
China is planning to establish a new science and technology university amid the ongoing China-US conflict.
Douyin and Kuaishou, two leading Chinese short video platforms, are increasing their investment in e-commerce infrastructure.