Following the recent rape and murder case, the founder and CEO of DiDi, Cheng Wei, and president, Jean Liu, issued a formal apology on August 28, detailing the intention to upgrade and build a more secure safety mechanism for the ride-hailing app.
Around 13:00 on August 24, a 20-year-old woman was reported missing after hitching a ride using DiDi to go from Yueqing City to Yongjia County in Wenzhou.
China’s drone behemoth DJI unveiled the Mavic 2 yesterday, a true successor to the company's most popular and iconic Mavic Pro. This time round, two editions were unleashed: Mavic 2 Pro and Mavic 2 Zoom.
Alibaba Group, the Chinese multinational and multi-business conglomerate, announced on Thursday its Q2 earnings report of the quarter ending on June 30, 2018 with a revenue standing at $12,229 million
With the recent unfavorable circumstances faced in Australia, ZTE is looking to make a comeback with its new flagship— the Axon 9 Series. The company is planning to announce it during this year’s IFA in Berlin between August 31 and September 5.
OPPO announced the debut of two new smartphones, the OPPO R17 and R17 Pro, at a launch event on the evening of August 23rd in Shanghai.
Huawei Australia tweeted on August 23 that the Australian authority has banned Huawei and ZTE from providing 5G technology in the country.
Xiaomi released its financial report for the second quarter of 2018, also its first post-IPO financial report on August 22. Total revenue reached 45.24 billion yuan ($6.6 billion), a year-on-year increase of 68.3 percent.
Bike-sharing giant ofo has finally agreed to be bought out by Didi-Chuxing according to Chinese media. The deal is said to be worth $2 billion and that all other co-founders, except for CEO Dai Wei, will be leaving the company, according to the report.
A number of blockchain news and media accounts on WeChat became inaccessible on the evening of August 21. The Tencent WeChat team released a statement next day saying that the accounts have been permanently banned and their content removed due to a violation of government provisions.
Career and social networking platform, Maimai, announced its Series D round of funding on August 21. The China-based company raised $200 million at a valuation of over $1 billion, making it the first and only unicorn in the career and social networking space.
Alibaba Group ranked fifth in Fortune magazine's Change the World 2018 list for the philanthropy work done through its subsidiary mapping service that literally drove money into rural China.
Cheetah Mobile stock price soared over 23 percent on August 20 in the U.S. stock market, after the Chinese mobile internet company published its financial reports for the second quarter of 2018.
China now has over 800 million Internet users, as indicated in the half-year report on China's Internet by the China Internet Network Information Centre (CNNIC) released on August 20. Out of the 800 million, 788 million are mobile Internet users.
LinkSure Network Emerges as Top 4 Internet Company Three of the world's Top 4 Internet companies by user base are from China.