TAL Education Discloses Inflated Sales Due To Employee Wrongdoing
Ed-Tech company TAL Education (Haoweilai), disclosed that it found an employee had falsified sales during a routine internal audit.
4/8/20202 min read
Category: Industry
Showing 12 of 6361 posts in this category
Faraday Future Builds the First FF 91 Body-In-White, Delivery Set in December
Faraday Future (FF) announced on July 30 (PDT) the completion of its first body-in-white FF 91 electric vehicle (EV) in its Hanford assembly plant in Los Angele...
7/31/20182 min read
ByteDance Tests New Product "Shidian Baike"
ByteDance has recently tested a brand-new product called Shidian Baike, which will focus on expert knowledge and culture.
China’s EV Maker Xpeng Receives License for its Factory
Chinese electric vehicle (EV) startup Xpeng Motors has received a license from China’s Ministry of Industry and Information Technology to produce whole vehicles, the company announced today.
5/19/20202 min read
Coronavirus Puts Long-term Rental Platforms Ziroom and Danke in a Tough Spot
Chinese apartment rental platform Ziroom was involved in a series of controversies amid China’s developing COVID-19 crisis. Recently, several media reports have accused the company of taking advantage of vulnerable groups and evicting tenants from Hubei.
Battery Giant CATL Sells Shares at $61 Apiece in A-share Private Placement
Chinese battery giant Contemporary Amperex Technology Co., Limited (CATL) has sold 109.76 million shares at 410 yuan ($61.12) apiece in an A-share private placement, raising 45 billion yuan, it said in a statement on Wednesday.
6/23/20222 min read
AI Startup 4Paradigm Submits Third IPO Application to HKEx
According to an announcement by the Hong Kong Stock Exchange (HKEx) on September 5, artificial intelligence software company 4Paradigm has submitted a listing application for the third time.
9/6/20222 min read
Daniel Zhang May Focus on Cloud and Step Down as CEO of Alibaba
It is speculated that Daniel Zhang, the highest-ranking executive, may shift his focus to the development of Alibaba Cloud and step down as Chairman and CEO of the group.
6/20/20233 min read
Lightspeed China Partners Completes Fundraising of $7B
Chinese venture capital firm Lightspeed China Partners announced on July 12 that it has raised more than $7 billion in new funding.
WorldEx Group Secures Financing, Promotes Cross-Border Logistics
Shanghai-based logistics company, WorldEx Group, announced the completion of a financing round worth several hundred million yuan, of which the Pre-A round was led by Huagai Capital.
12/27/20212 min read
These "Unmanned" Technologies Found New Directions Amidst the Coronavirus Outbreak
As the outbreak of the Wuhan coronavirus becomes an international crisis, the Chinese tech industry is forced to get creative in finding solutions to avoid direct human interactions.
2/6/20204 min read
Chinese Blockchain Stocks Soar Following Government Push
The Chinese government announced last Thursday that it will be ramping up efforts to promote the research and development (R&D) of blockchain technology.
10/28/20193 min read