NetEase, one of China’s top internet and online game services providers, announced on Nov. 12 that NetEase Cloud Music, the company’s music streaming platform, has completed its round of financing with investors. The total amount raised exceeded $600 million.
Alibaba recently released its 2017 data related to social responsibility. During 2017, Alibaba paid more than 100 million yuan per day in taxes, drove more than 290 billion yuan in tax payments through upstream and downstream companies and created 33 million jobs.
Xiaomi and Samsung both shipped 9.2 million mobile phones, each accounting 23.5 percent of the Indian smartphone market during Q3, IDC reported on November 14. The two are now tied for India’s top mobile phone brand. The news marks the first time Xiaomi has caught up with Samsung to become the top smartphone in India.