Tencent Responds to Hacking of Many QQ Accounts
Many users of QQ, a Chinese instant messaging software owned by Tencent, claimed on Sunday night that their accounts had been hacked. The app's official team responded on Monday.
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The New Social App Chat Bao — It's All about the Money Money Money
Download the app, and you can win a flight!
1/18/20195 min read
Luckin Coffee to Pay $180M Penalty in Settlement with SEC
On Dec. 16, the SEC announced that the accounting-fraudulent Luckin Coffee Inc. agreed to pay a $180 million penalty for previous charges concerning the company’s fabricated transactions.
12/17/20202 min read
COVID-19 Takes a Toll on China’s Beer Industry, but There Is Still Hope
On May 7, Budweiser Asia Pacific announced its unaudited Q1 2020 financial results. The company’s revenue in Q1 fell by 39%, while its revenue in the Chinese market fell by as much as 45.4%.
5/15/20204 min read
China’s R&D Expenditures Hit New High Amid Global Uncertainty
China's spending on research and development (R&D) hit a record high at 2.23% of its gross domestic product (GDP) in 2019, up by 0.09% from the previous year.
Pinduoduo Partners with Fertilizer Giant to Kick Off Horticulture Fad
PDD jumped onto the bandwagon and partnered with Chinese integrated agricultural service giant Stanley Agriculture at the beginning of 2021.
2/3/20212 min read
Meituan-Dianping Announce Strong Q3 2019 Results, Bet on New Business Pays off
Meituan-Dianping’s quarterly revenue reached 27.5 billion yuan ($3.9 billion), while the total transaction amount increased by 33.6% year-on-year to 194.6 billion yuan ($27.5 billion).
11/22/20193 min read
JD.com Releases Winter Sports in China Consumption Report
The research organ operated by leading Chinese e-commerce giant JD.com released a report on Friday offering insight into winter sports consumption in China.
2/11/20223 min read
Chinese Biotech Firm Biocytogen Bags Tens of Millions of Dollars in Funding
Biocytogen, an emerging pharmaceutical technology company, announced today that it has completed a new round of funding worth tens of millions of dollars, jointly led by Lake Bleu Capital, China Pinnacle Equity Management, Octagon Capital and OrbiMed.
6/22/20212 min read
California Governor Visits Tesla's Shanghai Gigafactory
On October 29th, Governor Gavin Newsom of California, who is currently visiting China, visited the Tesla Gigafactory in Shanghai.
XPeng Motors Expands Robotaxi Team, Hiring Positions with Annual Salaries Close to A Million
XPeng Motors is actively expanding its Robotaxi team, currently recruiting for multiple positions with high salaries, with the highest annual salary approaching one million yuan.
Xiaomi CEO Lei Jun Thanks Competitor Huawei for Advancing Chinese Tech
Lei Jun, founder and CEO of Xiaomi, thanked his competitor Huawei for being part of the advancement of Chinese innovation.
11/6/20193 min read