CATL Concentrates Authority Over Production in Headquarters
Chinese battery giant CATL announced an organizational restructuring last week, under which some decision-making power will be concentrated in the headquarters to improve efficiency.
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DJI Releases Mini 3 Pro Camera Drone
Chinese drone manufacturer DJI officially released the DJI Mini 3 Pro camera drone on Tuesday, with the price ranging from 4,198 yuan to 5,788 yuan ($624 - $861).
Video Platform Bilibili Wins Exclusive Broadcasting Rights to League of Legends in China
Bilibili, a Chinese video sharing platform, has confirmed on December 6 that the company has reached a strategic partnership agreement with the world’s famous PC game League of Legends.
12/6/20192 min read
Riot Games Announces Layoffs of 530 People
Riot Games, a subsidiary of Tencent, announced today its plans to reduce its workforce by 530 employees, which constitutes approximately 11% of the total personnel.
Shanghai and Hong Kong Halt Ant Group’s IPO after Regulators Talk with Jack Ma
The Shanghai Stock Exchange (SSE) and Hong Kong Stock Exchange (HKEX) both on Nov. 3 announced to halt the IPO process of Ant Group, a day after its founder Ja...
11/5/20202 min read
China’s Ride-Hailing King Didi Chuxing Files for Blockbuster US IPO, Revealing $30 Million Profit for Q1
Didi Chuxing, China’s leading ride-hailing platform, unveiled the filing for its long-awaited US stock market debut on Thursday, marking a further step toward what could be the world’s biggest IPO this year.
Baidu CEO: ERNIE Bot to Contribute Billions of Yuan in Incremental Revenue in 2024
In the fourth quarter, Baidu reported a total revenue was 35 billion yuan, a year-on-year increase of 6%. Net profit attributable to Baidu was 26 billion yuan.
2/29/20243 min read
China's Beautifying Expert, Meitu Rumored to Be Making Phones with Tonino Lamborghini
Meitu launched a co-branded phone in partnership with Italian high-end product brand, Tonino Lamborghini, as a poster that read “Authentic Italian Taste - Stay ...
6/15/20183 min read
Tencent Music, Warner Music Launch New Joint Record Label in China
Tencent Music Entertainment, China’s dominant online music platform, said on Monday it has signed a deal with Warner Music Group (WMG) to launch a new joint venture record label.
3/23/20213 min read
CFTC Charges Gemini Trust Company for False Statements and Omissions to the Commission
The Commodity Futures Trading Commission (CFTC) on June 2 announced it has filed a complaint against Gemini Trust Company, LLC, for making false or misleading statements of material facts or omitting to state material facts to the CFTC.
6/6/20222 min read
TAL Comments on Closure of Offline Schools: Face-to-Face Teaching Replaced by Online Classes in Shanghai
TAL Group's face-to-face teaching in the Shanghai Branch has been changed into online courses, but not all schools are following the changes. TAL has adjusted the arrangement of some schools in China.
9/28/20212 min read
NIO Shares Surge Following Partnership With Intel’s Mobileye
The shares of the Chinese EV-maker NIO soared nearly 38% on November 5 after the company announced a deal with Intel's Mobileye on developing self-driving vehicle systems.
11/6/20192 min read