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According to some users on Chinese professional networking site Maimai, popular domestic video-sharing platform Kuaishou will lay off 30% of its employees in the near future.
William Li, the founder, Chairman and CEO of Chinese new energy car company NIO, responded to reports the company is working on smartphones during a Thursday interview.
The initiative is part of a Didi-coordinated cross-industry effort to contain the negative effects of the COVID-19 outbreak.
Hurun Research Institute released “Hurun Greater China Unicorn Index 2019 Q1” and “Hurun China Future Unicorns 2019 Q1” on May 7, 2019. This is the sixth release of the Unicorn Index and the first release of Future Unicorns.
At 14:01 Beijing time on March 5, 2022, China successfully launched six communication satellites produced by Galaxy Space and one commercial remote sensing satellite by Four Squares Technology.
In preparation for entering the freight logistics market, Didi has started recruiting truck drivers in May.
Mobile application data analysis company Sensor Tower released a report on July 8 claiming that Douyin and its overseas version TikTok earned more than $283 million in June from the App Store and Google Play.
After going public in July, the e-commerce giant Pinduoduo Inc. (PDD) released its first quarterly report on Aug. 30, showing some big gains and even bigger los...
Luo Min, the founder and CEO of Chinese tech firm Qudian, changed his Douyin account name on August 2 to "Qudian Precooked Dishes." Moreover, all videos related to Luo Min on the account were deleted.
Ningbo Shanshan, a lithium battery company, and Keda Industrial, a building materials machinery company, announced that they will be part of the first batch of RMB ordinary-share (A-share) companies to be listed on the Swiss Stock Exchange.
On March 9, Chinese e-commerce giant JD.com released its financial results for the fourth quarter and the whole year of 2022. Although the report shows that its overall profitability has improved, its share price fell 11.28% to close at $41.68.
China’s tech giant Alibaba Group (NYSE: BABA and HKEX: 9988) today announced its long-waiting financial results for the quarter ended Dec. 31, 2020.