Alibaba's YuanjingOS Lays Off Employees: After YunOS, It Also Gives Up on the Metaverse OS
Alibaba YuanjingOS underwent large-scale layoffs. This is another operating system that Alibaba has voluntarily exited from after YunOS.
11/1/20242 min read
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Suning’s Stocks Tumble to Six-year Low after Founder Pledges All of the Group’s Shares to Alibaba’s Taobao
All shares of Suning Holdings Group held by chairman Zhang Jindong, his son Zhang Kangyang and Nanjing Runxian have been pledged to Taobao, Alibaba’s e-commerce platform.
12/11/20203 min read
Alibaba Co-founder Lucy Peng Steps Down from Ant Financial
Ant Financial Services Group announced today that Lucy Peng will be stepping down from her role as Executive Chairman of Ant Financial to focus on her new role....
Huawei P50 Pro to Adapt Specialized 5G Communication Phone Case
On Tuesday, a "communication phone case" supporting dual-mode 5G was officially released on Tlmall.com, an e-commerce platform in China. The initial product was made especially for the Huawei P50 Pro model.
5/17/20222 min read
Mobile Game Giant Perfect World Sees Sharp Decrease in Annual Net Profit, Stock Plummets
Perfect World, a leading mobile game company in China, announced a significant decrease in its net profits in 2021.
1/25/20223 min read
Tencent Pours $2 Billion Into Kuaishou
Chinese short-video platform Kuaishou has raised its latest found of financing, to the tune of nearly $3 billion.
12/3/20193 min read
ByteDance’s Douyin Becomes Exclusive Red Envelope Interactive Partner of 2021 Spring Festival Gala
On the evening of Jan. 26, ByteDance CEO Zhang Nan issued an internal letter to the staff, announcing that Douyin, the Chinese version of TikTok, will be the exclusive red envelope interactive partner of the 2021 Spring Festival Gala.
1/27/20212 min read
A+H Dual Listing Plan？Ant Financial: No Plan or Timetable
Ant Financial has responded to rumors of dual listing IPO of both A-shares and H-shares, saying there is no plan or timetable for an IPO.
1/15/20202 min read
Chinese AI Chip Giant Cambricon Kicks Off Trading on STAR Market, Share Price Soars 288%
Beijing-based AI chipmaker Cambricon was officially listed on the Sci-Tech Innovation Board on July 20, 2020, with an issue price of 64.39 yuan per share, a 288% increase at the opening.
7/20/20203 min read
Xiaomi Announces Xiaomi 11T Series
Chinese smartphone maker Xiaomi launched its 11T series on Wednesday including the new 11T Pro, the standard 11T, and the 11T Lite 5G NE.
9/15/20213 min read
Kimi k1.5: The First Non-OpenAI Model to Match Full-Powered O1 Performance
Kimi k1.5, developed by Chinese AI startup Moonshot AI, matches the powerful O1 model in reasoning tests without any limitations, marking a significant advancement in AI.
China NFT Weekly: WeChat Bans NFT Accounts
This week: WeChat bans NFT-related accounts, Chinese state media warns Bitcoin price is heading to zero, Hong Kong crypto platforms suspend withdrawals amid global crypto sell-off, and more.