Video Sharing App VMate Got over $100M Investment from Alibaba
As video sharing apps go viral on social media, Alibaba invested over $100 million into Vmate, which is previously owned by its subsidiary UCWeb.
5/31/20192 min read
Category: Industry
Showing 12 of 6422 posts in this category
China's 2021 Imports and Exports Hit $6 Trillion for First Time
Officials in Beijing held a press conference on Friday morning, during which Li Kuiwen, spokesperson of the General Administration of Customs, disclosed that China's foreign trade has achieved rapid growth in the previous year.
1/14/20223 min read
Xiaomi Denies Rumors of Mass Layoffs
Rumors have swirled recently that Chinese tech giant Xiaomi plans to lay off 10% of its employees, mainly targeting new employees and fresh graduates.
IoT Services Firm Tuya Smart Denies Mass Layoffs
Tuya Smart, an Internet of Things (IoT) smart product solutions provider, has reportedly been carrying out layoffs involving hundreds of employees since last year.
2/25/20223 min read
Tencent's Q4 net profit rose 105 percent year-over-year, gaming accounted for 37 percent
This is the lowest proportion of game business in total revenue. On March 21, Tencent released its unaudited fourth-quarter comprehensive performance and audit...
Supply Chain SaaS Provider LinkMore Completes $30 Million A+ Round of Financing
LinkMore, a clothing supply chain SaaS (Software as a Service) provider, on Tuesday completed an A+ round of strategic financing worth $30 million.
1/11/20222 min read
TikTok Denies Accusations of Providing American User Data to China
After being accused of mishandling American user data and censoring content shown on the video-sharing app, TikTok released a statement on October 25 refuting the claims.
10/25/20192 min read
Su Jing Quits As Head of Huawei’s Intelligent Driving Product Division
Huawei confirmed that Su Jing, a key figure in its intelligent driving product division, had left the company.
1/26/20222 min read
Jia Yueting No Longer Owns Equity in FF, Apologizes For Downfall of Leshi
FF and Leshi Internet founder Jia Yueting said on July 2 that his personal bankruptcy reorganization process was finally completed on June 26 in the United States.
7/2/20202 min read
China's Reusable Experimental Spacecraft Returns to Landing Site after A 276-day Flight
On May 8th, China's reusable experimental spacecraft successfully returned to its scheduled landing site after a 276-day flight. This achievement marks a significant breakthrough in China's research on reusable spacecraft technology.
5/8/20232 min read
Gen Z’s Favorite Video Sharing Site Bilibili Expands into Film Industry
Chinese video sharing site Bilibili teamed up with Dirty Monkey Films to launch the “Bilibili x Dirty Monkey Films Young Director Support Program” on November 27.
12/3/20202 min read
TikTok's Parent Company ByteDance to Sell Securities Business
ByteDance is planning to shrink its financial businesses including selling the stock broking business in China.
9/1/20212 min read