Industry Archives - Page 2 of 283

Huawei’s 2022 Dividends Exceed Employee Expectations

Huawei's dividend plan for 2022 emerged on January 14 within the tech giant's internal forum, showing that they are expected to be 1.61 yuan ($0.24) per share, an increase from 1.58 yuan last year.

Tencent’s XR Business Stops Operation

Tencent's extended reality (XR) business has suspended operation, affecting a team of more than 300 people, and it is not yet known whether there will be any major personnel adjustments soon.

Chinese TV Series Based on “The Three Body Problem” to Premiere Sunday

A Chinese-made TV show adapted from "The Three Body Problem," a popular sci-fi novel series that won its author Liu Cixin a Hugo Award in 2015, is set to premiere on January 15 on CCTV, Tencent Video and Migu Video.

Bilibili-Backed Animation “Yao-Chinese Folktales” Wins Online Praise

Bilibili, a Shanghai-based video streaming platform, has ushered in "Yao-Chinese Folktales," an eight-part series inspired by traditional Chinese literary works. The series got an impressive score of 9.5/10 on Chinese social media and review site Douban.

Chinese Tea Brand Mixue Reportedly Planning Hong Kong IPO

Affected by recently introduced regulations, Chinese tea-based beverages brand Mixue has withdrawn a prospectus submitted to the Shenzhen Stock Exchange in September last year, and now plans to debut in Hong Kong.

Merck’s COVID Drug Molnupiravir Expected to Hit Chinese Market on Friday

According to the official website of the Tianjin Medical Purchasing Center, the price of Molnupiravir, a COVID-19 drug developed by US pharmaceutical company Merck, was 1,500 yuan ($222) per bottle of 40 capsules.

Tencent’s Platform and Content Group Achieved Profitability at End of 2022

All businesses under Tencent's Platform and Content Group (PCG) were profitable at the end of 2022, allowing the group to increase its annual profit by several billion yuan.

Former Head of Alibaba’s Online Storage Platform Joins ByteDance’s Feishu

Qi Junyuan, the former head of Alibaba's online storage platform and founder of Teambition, a digital collaboration platform, has recently joined Feishu, an office communications platform operated by ByteDance.

Tencent’s WeChat Video Channels Saw Robust Growth in 2022

WeChat, Tencent's mulitfunctional social media app that is ubiquitous in China, saw its business ecosystem expand last year with the robust growth of a video-based feature called Channels.

Meizu’s Offline Flagship Store to Sell Vehicles

Meizu, a Chinese smartphone manufacturer acquired by a venture under Geely's chairman last year, will open a new three-story flagship store which may be used to sell vehicles.

Xiaomi Founder Lei Jun Steps Down From Roles at Three Affiliated Firms

Xiaomi founder Lei Jun has recently withdrawn from three affiliated companies, including Xiaomi Software Technology Co., Ltd., Xiaomi Pictures Co., Ltd. and Beijing Tianmi Technology Co., Ltd.

Baidu’s Robin Li Introduces Firm’s Feedback-Driven Innovation

At the 2022 Baidu Create event on Tuesday, firm CEO Robin Li delivered a speech about feedback-driven innovation and its influence on China's real economy, showing the tech giant's expectations for the future golden decade of artificial intelligence development.

DJI Denies Splitting Off Automotive System Department

Shenzhen-based drone maker DJI denied a report claiming that the company's automotive system department has been split to establish a new company called Shenzhen Zhuoyu Technology Co., Ltd.

ByteDance’s Feishu Shifts Focus to Global Market

The management team of Feishu, an office communications platform owned by ByteDance, revealed at a recent internal meeting that the product's domestic business operations in China will soon no longer be profitable, and its focus will shift to overseas markets.

TCL RayNeo Unveils Augmented Reality Glasses at CES 2023

TCL RayNeo, an augmented reality startup, announced at CES 2023 its launch of the RayNeo X2 AR smart glasses that harness pioneering binocular full-color Micro-LED optical waveguide displays alongside an array of new interactive features.

Pfizer and Chinese Authorities Fail to Reach Deal on COVID Pill Paxlovid

Talks between Chinese regulators and US pharmaceutical company Pfizer regarding the potential inclusion of Paxlovid, an orally administered COVID-19 medication, in the country's public health insurance scheme have broken down.

Baidu Research Unveils Top 10 Tech Trends for 2023

Baidu Research, a leading AI research lab initiated by Baidu, released its predictions on January 5 for the top 10 technology trends of 2023, including big models, digital-real convergence, virtual-real symbiosis, autonomous driving, and more.

Baidu Founder Robin Li Discusses Firm’s Management and Business Problems

At the end of December, Baidu founder Robin Li held an internal livestreaming session for all employees and pointed out many internal management and business problems.

Luckin Coffee Starts Recruitment in Singapore

Recently, on JobStreet, a recruitment website in Southeast Asia, Chinese coffee chain Luckin Coffee was shown to be recruiting store managers in Singapore, offering a monthly salary ranging from S$3,800 to S$4,900 ($2,824 - $3,641).

China’s First Self-Developed ECMO Medical Equipment Cleared for Release

Since the pandemic broke out, extracorporeal membrane oxygenation (ECMO), a technique used to offer patients prolonged respiratory and cardiac support, has attracted significant attention. Recently, China's first domestic ECMO equipment was approved for public sale.

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