Industry Archives - Page 6 of 316

HUYA Inc. 2024 Q1 Results: Strategic Transformation Makes Good Progress in Game-Related Services, Returning an Aggregate Value of Nearly $200 Million to Shareholders

Since last August, Huya Inc. has swiftly made strategic transformation to diversify business by exploring further into game-related services. The financial results of 2024 Q1 demonstrated encouraging progress.

Pinduoduo to Enter Express Delivery Stations, Has Obtained Operating Permits

Pinduoduo will enter the express delivery station market, and its subsidiary has obtained operating permits for stations in many places.

MINISO’s American Dream: A New Era of IP-Driven Expansion

On May 3, MINISO celebrated the grand opening of its first IP collector store in the United States, located in the American Dream Mall, New Jersey.

XPeng Motors Announces New Brand MONA, Expected to Outsell Xiaomi SU7

XPeng Motors announced its new brand MONA, which stands for Made Of New AI, positioning itself as a global pioneer in AI-driven smart vehicles.

Mobvoi Successfully Goes Public and Become the “First Stock of AIGC”

Mobvoi officially went public on April 24th, becoming the 'first stock of AIGC', and may also become a pioneering force driving the large-scale model industry in China.

Baidu Apollo Gets Involved in the Competition for Vehicles Priced at 150,000 Yuan

On April 22, Baidu Apollo held an intelligent car product launch event in Beijing, focusing on car intelligence and releasing a new upgraded products.

Xiaomi CEO Lei Jun Responds to Huawei’s ‘Interception’

Xiaomi CEO Lei Jun called out to netizens: "If you are really in a hurry to buy a car, domestic NEVs are all good choices, such as LUXEED S7, NIO ET5, XPeng P7 series, etc. Everyone can also consider purchasing them!"

Hou Yi and Daniel Zhang Jointly Buying Freshippo Is Not True

The founder of Freshippo Hou Yi and former CEO of Alibaba Daniel Zhang's joint purchase of Freshippo for $2 billion is fake news.

Ericsson Confirms Layoffs in China, Affecting the R&D Department of ‘Core Network’

Ericsson confirmed layoffs in China, stating that the layoffs are aimed at aligning with the company's efforts to diversify its R&D footprint in order to better support its global sales.

Tesla China Sales Department Layoffs Mostly New Employees Within Six Months

Tesla's sales department in China mainly laid off new employees within six months, providing compensation of 0.5N+3.

JAC Responds to NIO’s Vehicle Manufacturing Qualification Approval: Will Continue Cooperation

JAC stated that the cooperation with NIO will continue to deepen, with a shift in focus from traditional OEM business to other strategic areas such as jointly building battery swapping service networks.

Baidu CEO Robin Li: ERNIE Bot Users Exceed 200 Million, Releasing Three Major AI Development Tools

Baidu CEO Robin Li delivered a keynote speech at the Create 2024 Baidu AI Developers Conference today. Baidu has provided a powerful basic model series and three major AI development tools to enhance social creativity.

Chinese AI Company Mobvoi Starts IPO Today and Is Expected to Go Public on April 24th

Chinese AI company Mobvoi starts IPO today and is expected to go public on April 24th.

The Chinese Online Audio Platform Ximalaya Restarts IPO

Two years later, the Chinese online audio platform Ximalaya is making its fourth attempt at an IPO.

AutoNavi Launches Taxi-Hailing Service in Hong Kong, But Ride-Hailing Business Remains Restricted

Recently, AutoNavi, a digital map and navigation service provider backed by Alibaba, quietly launched taxi services in Hong Kong, including instant car booking and airport transfer services.

ByteDance Denies 60% Profit Growth in 2023: Profit Growth and Data Are Not True

ByteDance officially denies a 60% increase in profits in 2023: 'Media reports about ByteDance's profit growth and data rumors are not true.'

Amazon China Lays Off Employees, Some Staff Have Received Emails

Some employees of Amazon China have received layoff notification emails from headquarters. Amazon stated that due to duplication in job categories, it will be reducing hundreds of positions within specific Sales, Marketing, and SMGS organizations.

Alibaba Cloud Lowers Prices for Overseas Markets by Up to 65%

On April 8th, Alibaba Cloud announced price reductions in overseas markets, covering core products deployed in 13 global regions and over 500 product specifications. The average price reduction is 23%, with the highest reaching up to 65%.

Zeekr Restarts Its US IPO

The high-end electric vehicle brand Zeekr under the Chinese car manufacturer Geely has restarted its IPO in New York to raise up to $500 million, which is lower than the previously set target of over $1 billion.

GAC AION and Didi’s Self-Driving Joint Venture Have Obtained the Business License

GAC AION and Didi's joint venture have obtained the business license, with plans to mass-produce the first batch of L4 models next year.

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