Alibaba Denies the Rumor of 'Laying Off 25,000 Employees'
On November 19th, Alibaba clarified that 'the rumors of layoffs are false.' And Alibaba has reported to the police regarding these rumors.
Category: Industry
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Civil Servants in A Chinese City to Receive Salaries in Digital RMB Starting from May
The announcement on April 21st that a city in eastern China will pay civil servants and public institution employees solely with digital currency starting in May has garnered significant attention.
4/23/20232 min read
OnePlus' 2019 Flagship Confirmed to be 5G Device Powered by Snapdragon 855
Even though we're only through the first week of December, OnePlus is already getting ready to brace the new year with a 5G flagship smartphone, powered by the ...
12/6/20182 min read
Alibaba CEO Daniel Zhang Steps Down as Legal Representative of Taobao and Tmall
Daniel Zhang, CEO and Chairman of Alibaba Group Holding Limited, has stepped down as Chairman and General Manager of two Tmall and Taobao-related companies, replaced by Trudy Dai.
Chinese Version of TikTok Limits Use of Service by Children Under 14 to 40 Minutes Per Day
Douyin, the Chinese version of TikTok, announced that all verified users under the age of 14 will now have access to the app in “kid mode.” They will be able to work with the application for no more than 40 minutes a day.
Sky Semiconductor Receives Several Hundred Million Yuan in B Round Financing
Xiamen Sky Semiconductor, a company dedicates to 5G RF device packaging and integration technology, announced on Monday that it had completed a B round of financing worth several hundred million yuan.
12/7/20212 min read
Tencent Cloud Launches First Data Center in Brazil
Tencent Cloud, a cloud computing service provided by Chinese tech giant Tencent, announced that it has opened the company's first data center in South America, located in São Paulo, Brazil.
11/25/20212 min read
Huami Goes Public in US: Initial Offer of $11 Raises $110M
Huami became listed on the New York Stock Exchange (NYSE) under the stock code HMI on February 8, IPOBoutique.com reported. Bloomberg said Huami's initial offer...
2/9/20182 min read
BYD: There Are No Plans to Make Motorcycles
BYD issued a statement saying: there are no plans to manufacture motorcycles, and the related design is a design made by BYD Electronic Company Limited. for its OEM clients.
Mobvoi Releases Low-Price Portable Mini Speakers
Mobvoi released its portable smart speaker box, TicHome Mini, for Chinese users. The TicHome Mini will be priced 499 yuan, and the Taobao crowdfunding price wil...
11/29/20172 min read
ByteDance Ramps Up Investment in Free Novel Business
TikTok parent company ByteDance recently relaunched a free reading app called "Hongguo Novel." It is positioned as an app focusing on free novels and audiobooks.
12/23/20223 min read
Meituan Launches Normal Operation of Drones for Food Delivery in Shanghai
Chinese food delivery and local service company Meituan launched its first normalized route of drones at a UAV (unmanned aerial vehicle) Base in Jinshan District, Shanghai on December 15.
12/15/20223 min read