The Anti-Didi Alliance
On October 20, Dida, a carpooling and shared travel company, announced it expanded the business scope and officially launched the taxi services. In addition to ...
Category: Industry
Showing 12 of 6372 posts in this category
JD Logistics Raises $2.5B, Largest in China's Logistics Industry
JD Group announced that it has raised $2.5 billion by selling stake in JD Logistics. After the transaction completes, JD Group will hold 81.4 percent of JD Logi...
2/16/20183 min read
YOUXIA Motors Raised 5 Billion Yuan in Series B Financing
On March 31st, YOUXIA Motors announced its completion of Series B financing at a press conference, revealing the company’s financing information for the first t...
4/2/20184 min read
ByteDance Said to Consider IPO for Douyin in Hong Kong or New York, Increasing Its Valuation to Nearly $400 Billion
TikTok owner ByteDance is planning to launch an offshore public listing for short video app Douyin, the Chinese version of TikTok, which could value the company at roughly $400 billion in the private market.
Corporate Food Services Company Meican Secures E Round Series Financing Worth Over $157 Million
Chinese corporate food services company Meican announced that it had obtained an E2 round of financing, and the investor was Sodexo.
12/16/20213 min read
Alibaba, iQiyi to Launch Short Video Apps for Vlogging
Tech Planet reported Thursday that Alibaba has started an internal trial of its secretly-developed video blog (vlog) application "Cuyan".
5/14/20202 min read
Qihoo 360 CEO: Partial Transfer of Hozon Auto Equity Not Due to Lack of Funds
Zhou Hongyi, the co-founder and CEO of internet security firm Qihoo 360, responded on the evening of July 11 to the issue of "transferring the 1 billion-yuan capital increase right of Hozon Auto."
7/12/20223 min read
ByteDance's Douyin Wins FIFA World Cup Broadcasting Rights
Football fans in China previously watched the World Cup only through traditional television channels like CCTV or online video streaming platforms such as Youku, but during this year's edition, ByteDance's Douyin became the first short video platform in the country to obtain live broadcasting rights for the competition.
Chinese Online Education Platform 51Talk Reports RMB 27 Million Net Loss, Will Explore Growth Opportunities
On Tuesday, Chinese online education platform 51Talk reported that their net loss in Q2 was 27.0 million yuan, compared with net income of 32.8 million yuan for the second quarter of 2020.
9/29/20213 min read
Fudan University's ChatGPT-like Model MOSS Officially Open-sourced
On April 21st, it was announced that the new version of the MOSS model developed by Fudan University's Natural Language Processing Laboratory was officially launched today. It is the first open-source conversational language model in China with plugin enhancements.
Former Facebook Technical Engineer Jiakai Liu Joins Baidu's Xiaodu Technology
Xiaodu Technology, an offshoot of Chinese electronics giant Baidu, has ushered in a key personnel change.
Tesla Plans to Start Hiring in Shanghai for Ramp-up Production of Model Y
California-based leading electric vehicle maker Tesla Inc has put out a hiring post in Shanghai in search of designers to join its China studio and 1,000 factory workers as production ramps up, Reuters reported.
7/28/20202 min read