Baidu: $19.54 Billion Revenue in 2021
Chinese internet giant Baidu on Tuesday announced its unaudited financial results for the quarter and fiscal year ended December 31, 2021.
3/1/20222 min read
Category: Industry
Showing 12 of 6361 posts in this category
Redmi GM: No Plans for Redmi Cars yet, Focus on Making Xiaomi Cars First
Redmi brand general manager Thomas responded that there are currently no plans for Redmi cars. The focus is on making Xiaomi cars first, and there will definitely be new car model plans in the future.
Tmall Global Launches English Website to Attract Overseas Merchants
Retail giant Tmall Global launched its first English-language website to attract more merchants and businesses from around the world to join China’s largest cross-border online shopping platform.
6/26/20192 min read
Douban Urged to Address Network Issues
In view of the serious network chaos on social platform Douban, Cyberspace Administration of China instructed the Beijing Internet Office to send a team of moderators to the website on Tuesday to supervise the APP's overhaul.
3/15/20222 min read
China VC Weekly: COVID Vaccine and Xiaomi’s First EV Moves
In last week’s VC news, pharmaceutical firm Stemirna Therapeutics raises roughly $188 million for COVID vaccine trials, Xiaomi-backed fund invests in autonomous driving startup Zongmu Technology shortly after the company announced a foray into the EV market, supply chain information startup Xforceplus closes $200 million Series C round.
6/8/20215 min read
Qihoo 360 Denies Rumor of Disguised Layoffs
Reports surfaced Monday suggesting that Chinese internet security firm Qihoo 360 has recently laid off employees from several departments in a disguised manner.
Tencent Reduces Holdings in New Oriental's Koolearn
According to documents disclosed by the Hong Kong Stock Exchange (HKEx) on Monday, Tencent Holdings sold 74.6 million shares in New Oriental's Koolearn from June 15 to June 16.
6/21/20222 min read
Sogou Map to Cease Operations on May 15
Sogou Map announced through its official website on Wednesday that it would officially stop operations at 23:00 on May 15, closing all services.
Chinese Economical Beverage Brand MXBC Enters Singapore and Malaysia
MXBC, a chain brand dedicated to creating fresh ice cream and tea drinks in China, has officially entered Singapore and Malaysia, two Southeast Asian countries.
3/4/20222 min read
China’s Fashion Unicorn Shein Accused of Copyright Infringement
Fashion brands including Dr. Martens' owner AirWair International and independent designers have accused e-commerce platform Shein of trademark infringements.
Pinduoduo Smart Agriculture Competition Winners Showcase Sustainable Precision Farming Technology
Both man and beast are largely absent in Pinduoduo’s Smart Agriculture Competition, where teams of data and plant scientists handle the growing remotely through smart greenhouses located hundreds of miles away.
5/5/20224 min read
Huawei Wins Industrial Land for $30 Million to Manufacture Smart Car Parts
On November 26, Chinese tech giant Huawei won 260,000 square meters of industrial land in Dongguan Songshan Lake for 188 million yuan ($30 million). The land's industry type is for intelligent automobile parts manufacturing.
11/30/20212 min read