Industry Archives - Page 9 of 768

NiuTrans Helps Chinese Online Literature Go International

NiuTrans is an advanced machine translation service that can greatly help Chinese online literature go global.

China Proposes Stricter Regulation on Online Gaming, Major Stocks Plunge

China's draft regulations on online games, which discourage daily login rewards and mandate user recharge limits, could significantly impact the profitability of gaming companies.

DJI Suspends Sales of Most Educational Application Product Lines at the End of the Year

On December 22nd, DJI Education announced that Tello edu, RoboMaster EP, AI Module, DJI Education Hub will officially cease sales on December 31st, 2023.

Alibaba Personnel Changes, Eddie Wu Concurrently Serves as CEO of Taobao＆Tmall Group

Eddie Wu, the CEO of Alibaba Group and Chairman of Taobao＆Tmall Group, will also serve as the CEO of Taobao＆Tmall Group.

Douyin and Ele.me Both Deny Acquisition Rumors

Douyin and Ele.me both deny acquisition rumors, stating that their collaboration has been steadily progressing but there are no plans for acquisition.

Bilibili Denies Giving Up Its Game Business, Only Some Projects Have Been Adjusted

In response to online rumors that Bilibili will lay off all game development staff, Bilibili stated: 'The related information is not true; only some projects have been adjusted.'

Amazon Global Selling’s First Innovation Center Settles in Shenzhen

At the recently held 2023 Amazon Global Selling Seller Conference, Amazon Global Selling's Asia-Pacific Innovation Center settled in Qianhai, Shenzhen.

NetEase Surpasses Meituan, Becoming the Fourth Largest Internet Company in China by Market Value

On December 14th, NetEase's market value on the Hong Kong Stock Exchange reached HKD 53.06 billion, surpassing Meituan to become the fourth largest internet company in China by market capitalization.

WeChat Pay Launches ‘Learn First, Pay Later’ Feature

WeChat Pay launched the 'Learn First, Pay Later' feature. As long as your WeChat Pay score exceeds 600 points, you can 'attend classes first and pay later'.

SVOLT Announces the Global Launch of Its Short-blade Fast-charging Battery

On December 12th, SVOLT announced its 'SVOLT 2024 Strategy', which includes product leading strategy, SVOLT speed service, and AI intelligent manufacturing strategy.

China Literature Plans to Acquire Tencent Animation and Comics’ Related Businesses and IP Assets

On December 11th, China Literature announced the acquisition of Tencent Animation and Comics' related business and IP assets for 600 million yuan.

HeyTea’s First Store in the US Lands on Broadway, Accelerating Its Global Expansion

On December 8th, the HeyTea Broadway store in New York officially opened for business, marking the official launch of HeyTea's development in the US market.

Richard Liu: JD.com’s Organization Is Bloated and Inefficient, It Must Change

On December 9th, Richard Liu, the founder and chairman of JD.com, replied to employee comments on the company's internal network, stating that JD.com must change or there will be no way out.

Kuaishou Set for Its Largest Organizational Restructuring of the Year

Kuaishou, the popular Chinese short-video platform, announced extensive restructuring across its main site, e-commerce, and commercialization operations.

Ximalaya Denies Laying Off 30%, Profitability and Innovation Remain Two Major Challenges

On December 6th, Ximalaya denies recent plans to carry out a company-wide layoff of approximately 30%.

SenseTime Considers Separate Financing for Its Autonomous Driving and Medical Businesses

Insiders say that SenseTime is considering separating its autonomous driving and healthcare businesses for separate financing.

Tencent Will Shut Down MOO Music, Service Ends on December 31st

On December 3rd, Tencent Music Entertainment Group announced that MOO Music, a subsidiary of the group, will officially cease its services on December 31st, 2023.

Sunyard Issues A Clarification Announcement, Stating that There Has Been No Business Dealings with Pika

On November 30th, Sunyard released a clarification announcement stating that Demi Guo, one of the founders of Pika, is the daughter of Sunyard’s actual controller Guo Huaqiang. Apart from this relationship, there are no other connections between Sunyard and Pika.

NVIDIA CEO Reaffirms Plans to Return to the Chinese Market

On Wednesday, Jensen Huang, CEO of Nvidia, reiterated the company's commitment to the Chinese market at the 2023 DealBook Summit.

VMware Is Acquired by Broadcom, Employees in China May Receive New Contracts or Severance Pay

Broadcom has acquired VMware for $69 billion. Recently, there have been reports that the Beijing branch of VMware is undergoing trademark changes and personnel adjustments.

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