Oracle’s Severance Compensation Has Taught Chinese Tech Firms a Great Lesson
The competitive compensation package did not please all Oracle employees. Protests were seen outside of Oracle’s office in Beijing.
5/14/20194 min read
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Shenzhen Selects 50,000 Individuals to Participate in Digital Yuan Pilot Program
The city of Shenzhen has selected 50,000 individuals to participate in its digital yuan “red packets” pilot program, according to the local government.
10/12/20203 min read
China's Mars Probe Finishes Deep-Space Maneuver
China's Mars probe Tianwen-1 carried out a key deep-space maneuver about 30 million kilometers away from Earth on Friday night, according to the China National Space Administration.
10/10/20202 min read
Faraday Future Founder Releases Statement on Bankruptcy Case
Jia Yueting released a statement after his Chapter 11 Disclosure Statement and the motion for approval of DIP Financing were approved.
3/20/20201 min read
<strong>28-Year-Old ByteDance Employee Dies Suddenly</strong>
On Tuesday, a post titled "the sudden death of a 28-year-old employee at ByteDance" was widely spread on Maimai. ByteDance confirmed later that the employee unfortunately passed away at 13:43 on February 23.
2/23/20223 min read
Geely Targets Sale of 650,000 NEVs in 2023
On January 9, Chinese automaker Geely announced its latest production and sales data. In December, its total sales volume of passenger cars was 146,000 units, down 8% year-on-year, among which the sales volume of new energy vehicles was 44,550 units, up 165% year-on-year.
1/11/20233 min read
AI Text Processing Firm Data Grand Obtains $91.8M in C-Round Financing
Data Grand, an AI company focused on intelligent text processing, announced on Wednesday it has secured 580 million yuan ($91.8 million) in C-round financing.
3/9/20222 min read
America Losing Tech Race to China with New Visa Policy
Trump's New Visa Policy Closes the Door on Highly-Educated Scientists Incoming Visa Restrictions on Chinese Scientists Trump administration will deploy a visa ...
Analyzing HUYA Inc. 2023Q1 Financial Results: Revenue and Net Income Exceeding Expectations, Demonstrating Enhanced Operational Efficiency and Profitability
On May 16, 2023, Huya Inc., a leading game live streaming platform in China, announced its 2023 Q1 financial results.
5/16/20237 min read
When AI Takes Over — on Kai-Fu Lee's Latest Book
Last autumn, at an official TED conference in Vancouver, Artificial Intelligence (AI) expert, Kai-Fu Lee stood on a red-carpeted, circular stage, the lights in ...
China Esports Weekly: JD.com and Momchilovtsi Join Mid-Season Invitational as Chinese Partner, Funspark Teams Up With Elisa Esports For New CS:GO Tournament
Last week, China’s esports industry saw several significant partnerships and sponsorships.
4/30/20214 min read
Amazon Partners with Pinduoduo on Pop-up Store
Amazon is back with plans to open another online store on Pinduoduo, the latest e-commerce disruptor, challenging the industry’s status quo with year-round discounts, group buying and a shrewd focus on China’s underrepresented lower tier cities.
11/25/20192 min read