Li Auto Denis Recent Speculation of Lay-offs
Li Auto faces rumored staff reductions and budget cuts, countered by company denial of claims as "baseless misinformation."
4/8/20243 min read
All Posts
Showing 12 of 13261 posts
Home Service Robot Company Zbeetle Secures Over 100 Million Yuan in Financing
Zbeetle, a home service robot company, has completed two rounds of financing. The overall financing was over 100 million yuan ($16 million).
11/19/20213 min read
NIO Employee Illegally Mined Ethereum With Company Servers
A Weibo blogger revealed an internal note issued by Chinese EV maker NIO showing that an administrator of a cluster server surnamed Zhang had used the company's servers to illegally mine the digital currency Ethereum.
4/8/20222 min read
KE Holdings’ Net Revenue in 2021 Increases 14.6% YoY After Strategic Upgrade
KE Holdings, a platform for housing transactions and services based in China, on Wednesday announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021.
3/10/20222 min read
Alibaba Targets Hong Kong IPO
Bloomberg has reported that Alibaba will choose China International Capital Corp. and Credit Suisse Group AG to lead the share sale for their Hong Kong offering.
Tesla Negotiates $1.4 Billion Loan With Chinese Banks
Tesla has negotiated a 10 billion yuan ($1.4 billion) loan with Chinese banks to be facilitated over a five-year period.
12/24/20192 min read
Nintendo Switch May Soon Enter the Chinese Market
China granted approval for Nintendo to sell its first Switch console game in the country.
Tencent and Alibaba Engage in Price War for Palworld
In 2024, Palworld made its debut, not only sparking extensive discussions among players but also directly triggering a new round of price competition between Tencent Cloud and Alibaba Cloud.
1/31/20249 min read
DiDi Chuxing Finishes Year-long Safety Revamp
On October 25, Didi Chuxing submitted a safety upgrade report to China’s Ministry of Transport upon completing a year-long industry-wide safety revamp process.
10/25/20192 min read
Xiaomi and OPPO to Experiment with 200W Fast Charging, Planning to Promote Commercial Uses
According to a digital blogger "Digital Chat Station", OPPO and Xiaomi are already experimenting with 200W fast charging and both have plans to promote commercial uses of this technology.
1/11/20222 min read
Chinese Vaccine Maker Changchun Changsheng Life Sciences Declares Bankruptcy
With no possibility of reorganization and reconciliation, Chinese vaccine maker, Changsheng Bio-technology has declared bankruptcy.
11/8/20191 min read
Meituan Upgrades ‘Contactless Delivery’ in Beijing With Unmanned Vehicles
Chinese food delivery giant Meituan Dianping launched an unmanned delivery service to build a full chain of contactless service in food distribution.
2/18/20202 min read