Baidu released their Q4 2017 and full year 2017 financial reports today. According to the reports, iQIYI had applied for listing to the U.S. Securities and Exchange Commission, and Baidu will remain iQIYI’s top shareholder post-listing.
Financial Times reported that Ant Financial is planning to raise $5 billion in a new funding round.
Alibaba Digital Media & Entertainment Group announced a multi-year licensing agreement with Buena Vista Pictures Distribution. More than 1,000 episodes of Disney animations will be available on Youku and other over-the-top (OTT) platforms that partner with Alibaba.
On February 12, Didi released data from the first 10 days of this year’s Spring Festival (February 1 to February 10). According to the data, 7.58 million people returned home via the ridesharing service.
Alibaba Chairman Jack Ma spoke at the Winter Olympics in South Korea on February 10. Over the last four days, Jack Ma traveled twice between South Korea and China to meet with IOC President Thomas Bach. Ma spoke at the First Global Cross-border E-Commerce Conference, offering insights into cloud computing and cross-border e-commerce.
Chairman and CEO of Lenovo Group Yang Yuanqing delivered the opening speech at the 2018 Spring Festival Gala, stating that 2017 was a key year for Lenovo’s intelligence-based growth.
ASUS will unveil the Zenfone 5 series at a product launch conference in Barcelona at 19:30 on February 27 (Beijing time 2:30 A.M. February 28).
After a chilling 2016, the capital markets became more rational in 2017. The overall trend remains unclear, but investors seem willing to back projects that show clear rewards. This has led to broad heavy investment, creating more unicorns than previous years.
Chinese users no longer need to fret over the choice between downloading music from NetEase Cloud Music or Tencent Music.
Xiaomi will likely release the MIX 2S smartphone after Chinese New Year. A Weibo user unveiled the appearance, design, and configuration information of MIX 2S. This phone seems to integrate screen fingerprint technology.