Baidu Reports Q2 Revenue and Profit Growth, Explores AI Opportunities
Baidu's Q2 saw revenue and profit growth, with Robin Li exploring generative AI and large language model opportunities.
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Kingsoft Cloud Explores Hong Kong Listing After Stock Price Drop
After Kingsoft Cloud's stock price dropped on Monday, the cloud service provider in China announced that it will explore a dual listing of its ordinary shares on the Main Board of the Hong Kong Stock Exchange.
3/15/20222 min read
BYD Partners with A Chinese Diesel Engine Manufacturer
BYD, the world's first automaker to cease production and sales of pure gasoline vehicles, has recently entered into a strategic partnership with Weichai Power, China's largest diesel engine manufacturer.
5/15/20232 min read
Microalgae Synthesis Firm Demeter Nears 100M Yuan in Pre-A Round Funds
Demeter Bio-Tech (Zhuhai) Co., Ltd., a microalgae product synthesis enterprise, has recently completed a pre-A round of financing totaling nearly 100 million yuan ($14.50 million).
8/31/20223 min read
Momo Developer Hello Group Plans Second Listing in Hong Kong
Hello Group (formerly known as Momo Inc.), a platform that started as a place to meet strangers, is planning a second listing in Hong Kong.
2/14/20223 min read
Newborn Town Contributes $50 Million to Support Privatization of LGBTQ Social Networking App BlueCity
Chinese social networking product developer Newborn Town announced on Thursday that it would establish a fund in partnership with Spriver Tech Limited and its wholly-owned subsidiary before March 31.
1/14/20222 min read
Xiaomi Funds NEV Charging Supplier, Smart Green Charging
Recently, Smart Green Charging, a supplier of electrical systems for new energy vehicles, announced the completion of a new round of financing worth 100 million yuan ($16 million).
2/10/20222 min read
Li Auto Founder Questions Console Design of Zeekr 009
Li Xiang, Founder of Chinese EV maker Li Auto, recently commented on the crowded seat arrangement of Geely-backed Zeekr's 009 model, which prompted a response by Victor Yang, senior vice president of Geely and CMO of Zeekr.
10/26/20224 min read
Chinese Scientists Develop Gene-edited Sheep to Help Boost Mutton Output
Scientists in China have developed the world’s first myostatin gene (MSTN) edited Chinese Hu sheep, with the hope that the technology will boost mutton output and quality for the national industry.
1/8/20213 min read
JD Logistics Announces Leadership Change: Hu Wei to Replace Yu Rui as CEO
JD Logistics announced that CEO Yu Rui is stepping down from his role as executive director, CEO, and authorized representative due to personal health reasons. The former CEO of JD.com's product development division, Hu Wei, will take over as the new CEO of JD Logistics.
Alibaba Cloud ET City Brain Help Malaysia to Ease Traffic
Malaysia Digital Economy Corporation (MDEC) and Dewan Bandaraya Kuala Lumpur (DBKL) announced plans to introduce Alibaba Cloud ET City Brain. Artificial intelli...
Meituan Launches One-stop Enterprise Consumption Management Solution
Chinese food delivery giant Meituan launched "Meituan Enterprise Edition" on April 13, a one-stop service for enterprise consumption management. A new brand image and app were set for the service.