Industry Archives - Page 14 of 768

ByteDance and Alibaba Place Massive GPU Orders with NVIDIA, Fueling the AI Race

Major Chinese internet companies that have a cloud computing business have placed substantial orders with NVIDIA following this year's Spring Festival.

iPhone 15 Series Starts Trial Production at Foxconn in Zhengzhou

According to reports, the iPhone 15 series has completed trial production at Foxconn and will be mass-produced at Foxconn in Zhengzhou before the end of this month.

SF Express in Talks to Acquire Stake in J&T Express, Amplifying International Growth Ambitions

SF Express, one of China's leading courier companies, is reportedly in negotiations to acquire a 1%-2% stake in J&T Express, a global delivery firm originated from Southeast Asia.

Sequoia China Stands Tall on Its Own as ‘HongShan’

The venture capital firm will be led by founder Neil Shen in China, and is one of two global units being separated from its U.S. counterpart to operate independently.

Apple Vision Pro Faces Potential Trademark Conflict with Huawei in China

Apple may face a naming controversy with its newly launched mixed reality (MR) headset, the Apple Vision Pro. Reports suggest it shares its name with a trademark registered by Huawei four years ago.

NIO Announces Price Reduction and Adjustments to Owner Benefits

On June 12, Chinese electric vehicle (EV) manufacturer NIO has announced a price adjustment across its entire range of vehicles and a change to the benefits for first-time car owners.

Tesla Encourages Chinese Suppliers to Build Factories in Mexico

According to a report by 36Kr, Tesla is said to be mobilizing numerous Chinese supply chain firms to establish factories in Mexico.

ByteDance’s Douyin Is Expanding Self-operated e-commerce Business

Douyin, the Chinese version of the global short-video app TikTok, is actively expanding its self-operated e-commerce business in preparation for the upcoming "618" shopping festival on June 18th.

The 10,000th Store of Luckin Coffee Opens

This marks the opening of Luckin Coffee's 10,000th store and has been a milestone event for the company since its founding six years ago. Over the past six years, Luckin has witnessed its shining moment with its listing on NASDAQ in 2019 but also suffered from financial fraud allegations and bankruptcy reorganization in April 2020.

Tencent Backs Large-Scale AI Models with Investment in MiniMax

Tencent has reportedly made its first investment in large-scale AI models, contributing to a new $250 million financing round for startup MiniMax, which values the firm at over $1.2 billion.

Tencent CEO Pony Ma’s WeChat Message Sparks Discussions on Social Media

A screenshot of a WeChat conversation involving Tencent CEO Pony Ma went viral today, trending on Weibo and sparking discussions among industry insiders and netizens alike. According to the chat record, Ma shared an article titled “Discussing Layoffs” in a WeChat group, and noted, “The challenges of the upcoming environment seem quite large, you should […]

Xiaomi Car Announces Multiple Senior Executive Adjustments

Xiaomi Car has announced a number of adjustments to its senior management team. Huang Zhenyu, the Vice President of the Automotive Division, will now also serve as the General Manager of the Auto Supply Chain Department, reporting to the CEO of the Automotive Division, Lei Jun.

ByteDance’s Douyin Releases Rules that Prohibit Public Welfare Accounts from Participating in Live Streaming Tipping

On June 2nd, the official Douyin account released the latest regulations on the governance of public welfare content on Douyin.

Mobvoi Officially Submitted Its Listing Application to the Stock Exchange of Hong Kong

On May 30th, The Stock Exchange of Hong Kong documents showed that the artificial intelligence company Mobvoi submitted an IPO application to the exchange, aiming to become the first AIGC stock. China International Capital Corporation and CMB International Capital Holdings are joint sponsors.

Apple To Hold Its First Ever E-commerce Live Event

As China's “618” shopping festival is drawing near, the Apple Store Official Flagship announced that it will conduct its first ever e-commerce live event. The event will take place at 19:00 on May 31 on Tmall, marking the first time that Apple has officially organized a live event on an e-commerce platform.

Didi, T3 Go, and Caocao Mobility Are Promoting Unmanned Ride-hailing Services

In recent years, the competition in the online ride-hailing industry has become increasingly fierce. Autonomous driving has become an important focus for online ride-hailing platforms. Didi, T3 Go, Cao Cao Mobility and other online ride-hailing platforms have successively announced their plans for autonomous driving and proposed "small goals".

Meituan’s AI Model in Development, Predicts Major Changes

During the earnings call, Meituan's founder&CEO, Wang Xing, discussed the latest trends in AI and the company's ongoing development of AI models.

Alibaba Denies Recent Layoff Rumors

On May 25th, Alibaba Group refuted recent rumors of large-scale layoffs. In an official announcement on social media, the company stated that it plans to hire 15,000 new employees in 2023 across its six business units, with over 3,000 of these positions designated for new graduates.

BYD’s Shares Plummet After Being Reported by Great Wall Motors

On May 25, 2023, BYD shares took a dive in the middle of the trading day. As of the time of publication, BYD's A-shares have fallen by 0.73%, and H-shares by 1.77%.

XPeng Motors Sees Q1 2023 Revenue Plummet 45.9%, CEO He Xiaopeng Predicts G6 Model will be a Hit

XPeng Motors has announced its financial results for the first quarter of 2023, which reveal a significant drop in revenue of 45.9%, but CEO He Xiaopeng remains confident about the G6 Model.

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