Toutiao, China’s leading news and information content platform, recently released a white paper on online public opinion and user reputation of mobile phone brands in the Chinese market in the first half of 2018.
Ucommune, previously UrWork, the only Chinese unicorn in the co-working space, announced on August 14 that the company received a new round of funding from RK Properties and Jingrong Holdings, raising 300 million yuan ($45 million) at a post-money valuation of $ 1.8 billion.
Overseas Talent Entrepreneurship Conference (OETC), China’s largest international startup business competition came to a close on August 10. A team from Beijing won the global championship while an American and a British team took home the second and third place respectively.
U.S. mobile chipmaker Qualcomm announced on August 10 that it has settled an anti-trust case with Taiwan’s Fair Trade Commission(TFTC). Qualcomm paid out for a total of $93 million, which was reduced from $774 million. It further pledged to invest $700 million more in Taiwan within the next five years.
The blockchain ecosystem in China is taking shape, with great increases in the number of enterprises and diversified applications according to China’s Ministry of Industry and Information Technology (MIIT).
One of China’s biggest gaming exhibitions, ChinaJoy2018, closed on August 6th in Shanghai with many companies showcasing games, applications and gadgets on the annual event.
Foreign entrepreneurs and investors meeting certain requirements now can apply a new business startup visa piloted in select districts in Shanghai to live in China.
Trustdata released a new mobile Internet report on July 31, unveiling a 6-3-1 shape of the food delivery market in China where Meituan Waimai continues to lead with 60 percent of the market share, followed by Ele.me at 36 percent and Baidu Waimai at 3 percent.
Smart speakers, voice interaction and interconnection functions in smart home appliances were the critical developments in the Chinese smart devices market in the first quarter of 2018.
OPPO and vivo lead the Chinese domestic market in sales volume of over 73 millions in the first half of 2018.