Tencent's dream to beat Toutiao
On March 24th, when Tencent announced COO Mark Ren as the new president of Online Media Group (OMG), it heralded a new era for Tencent to compete with Toutiao, ...
Category: Industry
Showing 12 of 6372 posts in this category
Huolala Responds: No Specific Timetable for Listing Plan
In response to news saying the firm hired CCB International and Bank of America as sponsors for its listing in Hong Kong, Chinese transport platform Huolala said "it has been paying attention to the capital market, but there is no specific plan for listing."
10/25/20213 min read
Xiaomi Is Building A GPU Cluster and Will Heavily Invest in AI Large Models
Xiaomi is currently building its own GPU cluster and will heavily invest in AI large models.
Beverage Brand Genki Forest Releases Consumption Report
On January 14th, Chinese beverage company Genki Forest released their Insight Report on Bubble Water Consumption in 2021 by analyzing the sales data of its Tmall store in the first 11 months of 2021.
1/19/20222 min read
JD.com Establishes Technology Unit as Fifth Subsidiary
Chinese e-commerce giant JD.com announced on Jan. 11 it is officially establishing JD Technology as an affiliate after integrating its cloud and AI business with JD Digital.
Bilibili Reports Net Revenue of $907M in Q4 2021, Up 51% YoY
Leading Chinese video streaming platform Bilibili on Thursday announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021.
3/4/20222 min read
Chinese Private Equity Firm Hillhouse Launches "Aseed+" Early-Stage Fund
Beijing-based private equity firm Hillhouse announced the official launch of its "Aseed+" seed fund project on September 28, which will focus on sectors including manufacturing, new energy, new materials, biotechnology, and carbon neutrality.
9/28/20223 min read
China’s Central Bank Proposes Antitrust Rules for Country’s Booming Online Payments Sector
China’s central bank on Wednesday released a set of proposed guidelines to step up antitrust measures in the country’s booming online payments sector.
1/21/20213 min read
Booking Holdings Continue to Strengthen Partnerships in China
Glenn D.Fogel, CEO of Booking Holdings, a leader in online accommodations and travel e-commerce, came to China on Nov. 7 for the fifth World Internet Conference...
11/9/20182 min read
China's 2021 Vehicle Output to Drop by 2.15 Million Due to Chip Shortage, Accounting for 19% of Global Reduction
According to the latest data from AutoForecast Solutions, as of December 5, the ongoing shortage of chips has caused a cumulative reduction of 10.122 million vehicles in the global automotive market, among which the cumulative output reduction in China reached 1.982 million vehicles.
12/7/20212 min read
Emerging Markets Will Drive Next Wave of Global 5G Smartphone Sales: Realme-Counterpoint White Paper
Two years after the launch of the world’s first commercial 5G network, the race continues. OEMs (original equipment manufacturers) are rapidly expanding their 5G offerings and accessibility, driving the adoption of the next-generation wireless standard across key markets including the US, Europe and China.
6/8/20216 min read
RLX Technology Fell by Over 80% During the Year, Plans to Implement a Repurchase Plan of Up to $500 Million
RELX Technology announced that its board of directors had authorized a stock repurchase program, according to which the company can repurchase up to $500 million of shares.
12/9/20213 min read