Huawei Sets Up 10 More Internal "Reserve Legions"
Huawei CEO Ren Zhengfei had issued a document at the end of 2021, setting up a "reserve legions working team," and appointing 10 heads for the newly launched legions.
3/1/20223 min read
Category: Industry
Showing 12 of 6361 posts in this category
Online Car-hailing Platform T3 Go Targets Increase in Market Share
As T3 Go, an online car-hailing platform in China, celebrated its third anniversary, CEO Cui Dayong released a letter on Friday announcing the company's goals for the next three years.
4/22/20223 min read
Luckin Coffee: China's New Coffee Unicorn?
The new retail coffee chain Luckin Coffee was rumored to have closed its Series A round at $200 to 300 million with a valuation exceeding $1 billion. The invest...
6/14/20182 min read
WeRide Announces Acquisition of Autonomous Trucking Startup MoonX.AI
Driving startup WeRide on Tuesday announced the acquisition of MoonX.AI, an autonomous trucking startup.
7/20/20212 min read
Xiaomi Obtained Hong Kong Virtual Bank License
On May 9th, 2019, a joint venture under Xiaomi and independent investment bankAMTD Group called Insight Fintech HK has been granted a Hong Kong virtual bank license, according to the Hong Kong Monetary Authority (HKMA).
5/10/20192 min read
China's Copyright Administration Bans Most Exclusive Copyright Deals for Digital Music Platforms
China's copyright authorities have said that digital music platforms are not allowed to sign exclusive copyright agreements except in special circumstances.
1/7/20222 min read
A Spreadsheet’s 24 Hours to Save Hundreds of Lives in 1-in-500-year Rainfall Event
When heavy rains on July 20 started to pound Zhengzhou, the capital of east-central China’s Henan province, inundating streets, flooding residential buildings and wreaking havoc on the entire city, one college girl, with the help of a simple spreadsheet, may have saved hundreds of lives.
Underwear Brand NEIWAI Completes D Round of Financing orf $100 Million
Chinese media 36Kr reported that the underwear brand "NEIWAI" recently won the D round of financing for the sum of $100 million. This round of financing was led by a global US dollar investment group in addition to long-timeshareholders of Vertex Ventures, Qiming Venture Partners, as well as Investarget who is also acting as the exclusive financial advisor.
7/15/20213 min read
Apple Supplier Luxshare Precision Discloses US Investigation Findings
Luxshare Precision, a consumer electronics manufacturer, announced on September 13 that the United States International Trade Commission's investigation into the company has been closed without any material impact on the company's production and operations.
9/13/20223 min read
CALB Withdraws Three Patent Invalidation Lawsuits Against CATL
New progress has been made in patent infringement cases between Chinese battery giant Contemporary Amperex Technology Co., Limited (CATL) and its competitor China Aviation Lithium Battery Co., Ltd. (CALB).
Tencent's Messaging App WeChat Narrows Access Restrictions on External Links
Tencent's popular messaging app WeChat released a statement on Monday saying that it will update its external link management measures.
11/29/20212 min read
DJI Puts Shenzhen Global Headquarters into Use
Chinese drone giant DJI's headquarters named "Sky City" in Shenzhen was officially opened and will house nearly 8,000 DJI employees. "It's the biggest, most difficult and most expensive product of DJI," a spokesperson said.