Li Auto Denis Recent Speculation of Lay-offs
Li Auto faces rumored staff reductions and budget cuts, countered by company denial of claims as "baseless misinformation."
4/8/20243 min read
Category: News
Showing 12 of 656 posts in this category
China's Shenzhou-13 Spaceflight Mission to Launch on October 16, Wang Yaping to Become China's First Female Astronaut to Carry Out Extravehicular Activities
A press conference on China's Shenzhou-13 spaceflight mission was held at the Jiuquan Satellite Launch Center on Thursday afternoon, unveiling information about the crew for this space station mission.
10/14/20212 min read
Kai-Fu Lee's 01.AI Releases A Large-scale Model Yi-34B Worth Over $1 Billion
Sinovation Ventures Chairman Dr. Kai-Fu Lee led the establishment of AI 2.0 company 01.AI, which officially open-sourced and released its first pre-trained large model Yi-34B on November 6th.
11/6/20233 min read
Chinese Bottled Water Giant Nongfu Spring Soars in Hong Kong Debut, Founder Becomes China’s Richest Man
Shares of Chinese bottled water giant Nongfu Spring soared in their debut on the Hong Kong stock market Tuesday, boosting the fortunes of its founder Zhong Sha...
9/9/20201 min read
Chinese Livestreaming Queen Viya Fined $210.3 Million for Tax Evasion
The organ made a tax administrative punishment decision on Huang Wei according to laws and regulations with a total fine of 1.341 billion yuan ($210.3 million).
12/20/20213 min read
JD.com Denies Rumors of Large-Scale Layoff
JD.com has no plans for widespread layoffs and is, in fact, continuing to recruit new employees, said an anonymous insider from the company, adding that the total workforce at JD.com presently stands at 590,000.
Insiders Debunk Rumors of Tencent's Entry into the Real Estate Industry
On July 26th, Tencent underwent a business change, with the addition of real estate development and operation as a licensed business project in its scope of operations, and non-residential real estate leasing as a general business project.
Shenzhou-13 Crew Conducts First Extravehicular Activities, Wang Yaping Becomes First Female Chinese Astronaut to Spacewalk
By 1:16 a.m. Monday, Beijing time, spacewalking Shenzhou-13 members Zhai Zhigang and Wang Yaping had completed their extravehicular activities (EVAs) and returned to the space station core module Tianhe.
11/8/20212 min read
TikTok Officially Takes Majority Stake in Local Tech Giant Tokopedia
Indonesian tech giant GoTo announced today that TikTok has officially completed the transaction announced in December last year, spending $840 million to acquire 75.01% of the shares in GoTo's e-commerce subsidiary, Tokopedia.
2/1/20241 min read
Xpeng Motors Responds to P7 Vehicle Fire Incident Following Traffic Accident
After a high-speed accident and fire involving an Xpeng P7, Xpeng Motors is cooperating with the investigation and expressed support for the affected car owners.
Tesla Decides Not to Apply Starlink Internet Services in Chinese Mainland
All vehicles and charging stations across the domestic market will apply network services provided by Chinese telecom operators, and all relevant data will be kept in China.
11/18/20213 min read
Tencent, CATL and Other Companies Have Been Included in the US DoD's CMC List
On January 6th local time, the US DoD released the latest version of the CMC list, adding Chinese companies such as Tencent, CATL, CXMT to the list.
1/7/20252 min read