Alibaba's Cainiao Withdraws IPO Application and Sells Shares to Alibaba Group
Cainiao has withdrawn its IPO application, and plans to sell all its issued shares to Alibaba Group at a price of up to 3.75 billion USD
Category: News
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California Governor Visits Tesla's Shanghai Gigafactory
On October 29th, Governor Gavin Newsom of California, who is currently visiting China, visited the Tesla Gigafactory in Shanghai.
China's "Artificial Sun" Breaks World Record
On April 12th, the world's first all-superconducting tokamak device, EAST, achieved a steady-state long-pulse high-confinement mode plasma operation for 403 seconds at high power and temperature.
"Jack Ma did not sell a single share", Clarified Alibaba Partner
Regarding the recent rumors of Jack Ma selling a large amount of Alibaba Group stocks, Jiang Fang, a partner and Chief Talent Officer at Alibaba Group, posted on the company's internal network today stating that "Jack Ma did not sell a single share."
Bai Jian, VP of NIO, Takes Over the NIO Phone Department
On January 6th, an internal email from NIO revealed that the NIO Phone business will be taken over by NIO's Vice President and Head of Hardware, Bai Jian.
QR Code: A Covid Innovation in The U.S., A Lifestyle in China
The basic application of QR Codes includes adding new contacts, making payments, and of course, placing orders in restaurants. But it can do so much more.
8/30/20214 min read
Baidu ERNIE Bot Answers 33.42 Million Questions on the 1st Opening Day
On September 1st, Baidu announced the first-day report of the release and download of their large-scale language model, "ERNIE Bot.
ByteDance Establishes Overseas Short Drama Team, Launches Short Drama App "Melolo"
ByteDance has launched an overseas short drama app called "Melolo," marking ByteDance's first short drama product to go abroad.
1/7/20253 min read
WeChat Pay and UnionPay Mobile QuickPass Promote Payment Cooperation
Tencent announced on Thursday that WeChat Pay and UnionPay Mobile QuickPass are promoting cooperation between their payment platforms and are now integrating each other's payment methods into one another another.
9/30/20212 min read
Douyu Confirmed the Arrest of Its CEO Chen Shaojie
On November 21, Nasdaq-listed game livestreaming company Douyu announced that the company's CEO, Chen Shaojie, was arrested by Chengdu police around November 16, 2023.
ByteDance's Lark Announces Organizational Adjustments and Layoff to Enhance Efficiency
On March 26, Xie Xin, CEO of ByteDance's Lark (also known as Feishu), sent a letter to all employees announcing a new round of organizational adjustments and appropriate downsizing.
3/26/20243 min read
Broadcasting Rights for Winter Olympics Granted to Migu, Tencent, Kuaishou
On Tuesday, China Media Group (CMG) released a statement regarding the broadcasting rights for the Beijing Winter Olympic Games.
1/25/20222 min read