Tencent's WeChat Pay Required to Be Included in a Newly Created Financial Holding Company
Chinese authorities are considering requiring Tencent to include its WeChat Pay system in a newly created financial holding company.
3/18/20222 min read
Category: Industry
Showing 12 of 6361 posts in this category
ByteDance to Begin Making AI Chips Amid Tech War and Global Semiconductor Shortage
ByteDance has taken initial steps toward manufacturing its own artificial intelligence (AI) chips, a significant development marking further progress in China’s drive to achieve greater autonomy in the field of technology.
3/17/20213 min read
Tencent and Changan Automobile Sign A Agreement for Further Strategic Cooperation
On July 11th, Changan Automobile and Tencent signed a strategic cooperation agreement in Chongqing, China. Building upon their previous collaboration, the two parties will strengthen cooperation in multiple areas such as intelligent cockpit, navigation and maps, autonomous driving, overseas ecosystem, and corporate digital transformation.
Perfect Diary’s Parent Company Yasten Debuts on New York Markets, Shares Surge 75%
Yasten Holding, the parent company of popular Chinese makeup brand Perfect Diary, went public Thursday on the New York Stock Exchange (NYSE), becoming the first Chinese beauty group listed on the U.S. stock market, and shares surged 75% on the first day of its listing.
11/20/20203 min read
Equity Incentive Plan of Xiaomi EV Approved by EGM
Xiaomi Corporation issued an update on Monday stating that the board of directors have announced the equity incentive plan of Xiaomi EV has been approved by a high voter turnout of 97.63% at the extraordinary general meeting.
10/26/20212 min read
TikTok Retains Its Crown as World’s Most Downloaded Short Video App, Other Chinese Apps Follow
Several Chinese short video/live broadcast applications made it into the Top 20 of Apple’s App Store and Google Play in terms of downloads and revenue outside mainland China during the second quarter of 2019.
7/31/20192 min read
Meituan Arranged Car-Hailing Service and Didi will Try Takeout Delivery Business
Two Chinese online life service giants have stepped into the car-hailing business. Ctrip, a leading provider of travel services, launched car rental business to...
Chilean Court Suspends BYD's Lithium Extraction Contract
A Chilean court said that it had decided to accept the appeal and suspend the bidding for the national lithium mine issued two days ago, on the grounds that the bidding process was in doubt.
1/19/20222 min read
Mathematician Terence Tao Comments on ChatGPT
On April 10, Tao wrote: "Today was the first day that I could definitively say that GPT-4 has saved me a significant amount of tedious work."
4/10/20233 min read
Bubble Tea Brand MXBC Goes Viral 24 Years After Creation – What's In the Recipe?
Waves of livestreamers and vloggers have picked up their cameras and made their way to everyone's new favorite filming spot – MXBC stores located all over the streets of Chinese cities – to take part in a frenzy created by the bubble tea brand's new theme song.
6/25/20215 min read
Xpeng Motors Raises $400 Million Before US Listing
Chinese EV manufacturer Xpeng Motors has raised an additional $100 million, bringing total funding to $400 million.
8/6/20201 min read
Unitree's Humanoid Robots H1 and G1 Temporarily Removed from JD.com Platform
Chinese robotics company Unitree's highly anticipated humanoid robots, the H1 and G1, have been temporarily removed from China's e-commerce platform JD.com's online platform just several hours after their debut.
2/12/20252 min read