Industry Archives - Page 17 of 317

Miniso Focuses on Expanding Its Presence in the American Market

On May 17th, Zhang Jingjing, the Chief Financial Officer of Miniso, a Chinese retailer of household consumer goods, stated in an interview that the US market will be a key focus for future expansion.

China Successfully Launches 56th BeiDou Navigation Satellite

On May 17th, at 10:49 am, China successfully launched the 56th BeiDou Navigation Satellite (GEO-4) using a Long March-3B carrier rocket at the Xichang Satellite Launch Center.

Huawei Proprietary Chips to Return in H2 of This Year

Huawei will have a big move in the second half of the year. Its self-developed chips may start to emerge and chips named Ascend, Kunpeng, Tiangang and Balong will all return.

Tencent Cloud Cuts Prices of Core Products, with Highest Reduction Reaching 40%

A new round of price wars in the cloud service market is underway. Following Alibaba Cloud's announcement of a comprehensive price reduction for its core products, Tencent Cloud also announced on May 16 that it will reduce prices for multiple core cloud products.

Futu and UP Fintech to Remove Apps From Chinese App Store

On May 16, leading online brokers Futu Holdings and UP Fintech Holding Limited, known as “Tiger Brokers” in Asia, successively announced that their apps will be removed from app stores on the Chinese mainland.

Analyzing HUYA Inc. 2023Q1 Financial Results: Revenue and Net Income Exceeding Expectations, Demonstrating Enhanced Operational Efficiency and Profitability

On May 16, 2023, Huya Inc., a leading game live streaming platform in China, announced its 2023 Q1 financial results.

Hong Kong Disneyland Reports A Net Loss of $270 Million for the Fiscal Year 2022

Hong Kong Disneyland Resort announced its financial performance for the 2022 fiscal year on May 15th. For the fiscal year ending September 30, 2022, the resort reported a net loss of HKD 2.1 billion (about USD 270 million), which narrowed by 12% compared to the previous year and marked two consecutive years of narrowing losses.

Xiaoice Launches “GPT Clone Program”

On May 16th, Xiaoice announced the launch of the "GPT Clone Program". The first batch will recruit 300 people and create their own digital life based on the 3-5 minute videos and personal social network data they provide.

Midjourney Releases Chinese Version on Tencent Platform

AI image generators Midjourney released a notice on Tencent's WeChat platform titled 'Beta Application of Midjourney's Chinese Version', inviting Chinese creators to join the beta testing of Midjourney's official Chinese version

Self-Driving Business of Alibaba’s DAMO Academy Merged into Cainiao

On May 13, Alibaba's research institute DAMO Academy was reported to be undergoing a major organizational restructuring. The autonomous driving laboratory, which has long been unable to generate profits, will be merged into Cainiao, the logistics arm of Alibaba.

Meituan’s Community Grocery Unit to Conduct New Round of Adjustments

On May 15, it was reported that Meituan Youxuan, the community e-commerce business unit, will begin a new round of adjustments recently.

China’s CMGE and Microsoft Cooperate to Introduce GPT Technology for Gaming

Chinese mobile game developer CMGE announced on May 15 that it has signed a cloud service framework agreement with Microsoft.

Founder of 360: Those Who Can Not Use GPT Will Be eliminated

Recently, Zhou Hongyi, the founder of Qihoo 360, stated that ChatGPT-4.0 is already the smartest "person" on Earth. He said that people who do not know how to use GPT will be eliminated in the future. On the same day, Zhou Hongyi also announced that 360 had launched an AI store.

Huawei WATCH 4 Series Supports High Blood Sugar Risk Assessment

On May 15th, according to Richard Yu, the CEO of the Consumer BG at Huawei, "Huawei WATCH 4 series will be the first to support high blood sugar risk assessment research." The Huawei WATCH 4 series will debut at Huawei's new product launch event on May 18th.

Xiaomi Denies Laying off 90% of Employees over the Age of 35 at Wuhan Headquarters

On May 14th, reports surfaced that Xiaomi's Wuhan headquarters had laid off 90% of employees over the age of 35. However, Wang Hua, General Manager of Xiaomi's Public Relations Department denied these reports.

OPPO Disbands ZEKU Team, May Give up Self-developed Chips

On May 12th, OPPO announced that in the face of global economic uncertainty and an uncertain mobile phone market, after careful consideration, the company has decided to terminate its ZEKU business.

Hong Kong Introduces Unmanned Bus for the First Time

On May 12th, the unmanned electric bus officially began operation in Hong Kong. It is the first time that an unmanned bus has been introduced in Hong Kong.

Chinese Astronauts Begin to Transfer the Cargo of Tianzhou-6

On May 12th, the crew of Shenzhou-15 spacecraft opened the hatch of Tianzhou-6 cargo spacecraft and carried out related work such as cargo transfer according to plan.

Disagreement Arises Among Shanghai Pudong Development Bank Employees Regarding Salaries and Benefits

Several photos surfaced online on May 11th showing employees of Shanghai Pudong Development Bank (SPDB) protesting in Shanghai. The protest was due to their dissatisfaction with salary cuts, which occurred after an employee from the bank's wealth-management subsidiary complained about a nearly 70% reduction in pay.

Alibaba Cloud Founder Wang Jian to Return to Company with New Title

Wang Jian, the founder of Alibaba Cloud, will return to the cloud computing division of Chinese internet giant Alibaba. His return to the company after a decade and how he will regain prominence in the spotlight are currently under scrutiny.

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