Ten years ago, if you were to walk across the shopping arcades of Zhongguancun, the electronics hub in Beijing, you would find a swath of products that were clones of western gadgets. Things have changed and now, places like Zhongguancun have become innovation hubs flooded with advanced computing start-ups. Enjoy reading an insightful piece by Indian scholar Ravish Bhatia about how he perceives the evolution of China’s innovation system.
After going viral since two months ago, China’s popular variety show Producer 101 ended its final episode. The show on Tencent’s video platform, a spinoff of its South Korean version, have caused a huge stir in China.
As for tech firms, NIO, the Chinese EV startup is ready to prove to consumers its manufacturing capacity while HTC is laying off a quarter of its global workforce. Let’s see the details!
Electric car startup NIO announced the official delivery of its second batch of ES8, which was the first time the company has delivered vehicles to consumers in the market.
Wise Talent Information Technology, the parent company of Chinese executive headhunting platform Liepin.com, became the first tech company providing human resource solutions listed at Hong Kong Stock Exchange.
Uxin Limited, China’s used auto e-commerce platform became publicly listed under the symbol “UXIN” on the Nasdaq Stock Market at $9 per share.
Pinduoduo, one of China’s largest e-commerce unicorns, looks to raise around US$1 billion in its U.S. IPO.
With over 520 million monthly active users and an accumulated user base of over 900 million in over 223 countries and regions,WiFi Master Key is perhaps the only platform with numbers that can compete with Tencent’s WeChat and QQ in China.