Shenzhen-based Tencent Group announced on Thursday that it will adjust the organizational structure of its sports business department and cancel six of its internal business groups.
Flexible display maker Royole Corporation started a round of layoffs on Wednesday. This is the first round of large-scale layoffs at the company since it fell into a capital shortage crisis.
Kuaishou has recently revamped its overseas business strategy, setting up targeted ventures in various regions including Southeast Asia and Latin America.
Jin Rong, Alibaba's vice president and Associate Dean at DAMO Academy, recently left the job. According to official website of DAMO Academy, Jin Rong was a tenured professor at Michigan State University and joined Alibaba in 2014.
On Thursday, a second project jointly built by Farasis Energy, a power and energy storage battery manufacturer, and Geely Technology Group, began its construction in the Fuling District of Chongqing.
Chinese smartphone vivo recently held a launch conference to reveal two new smartphones, the S15 and the S15 Pro. The company also released a new set of earbuds.
After the release of the DJI Mini 3 Pro on May 11th, another DJI UAV was leaked to the public. The new UAV, codenamed "Avata", would be launched later this summer.
On Wednesday, Tianyancha revealed that a wholly-owned subsidiary by Ant Group was formerly established. The new subsidiary has been named Ant Suosuoshu (Hangzhou) Information Technology Co., Ltd.
Apple announced on Thursday that the company will soon open its first official retail store in Wuhan, capital of Hubei province, in central China. The store will open to the public on Saturday and will mark Apple's 54th store in China.
Leekr Technology, a chassis-by-wire system solutions provider, announced its completion of A and A+ rounds of financing, securing a cumulative amount of nearly 200 million yuan.
iQIYI Sports, a video streaming platform owned by Beijing-based tech giant Baidu, announced on Thursday that it has won the rights to broadcast Italian Serie A football competitions.
