Net Profit of TCL Technology in First Three Quarters Exceeds $2 Billion
Chinese electronics company TCL Technology on Thursday released its estimated performance for the first three quarters of 2021.
10/15/20213 min read
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Faraday Future Employees Decry Bankruptcy Efforts by "Malicious Board Members"
Employee whistleblowers at California-based electric vehicle maker Faraday Future have claimed that four "unqualified" directors are plotting to force the company into bankruptcy, according to a petition Pandaily received from a firm shareholder.
9/22/20223 min read
Alipay Launches Initiatives To Support Wuhan Businesses As City Comes Out of Lockdown
Alibaba’s online payment platform Alipay today announced a series of initiatives to support small businesses in Wuhan as the city emerges from lockdown.
Chinese Scientists Achieve Precision Quantum Measurement Beyond the Heisenberg Limit
On May 9th, it was learned from the University of Science and Technology of China that a team led by academician Guo Guangcan, including Li Chuanfeng and Chen Geng, collaborated with their peers to achieve quantum precision measurement beyond the Heisenberg limit using quantum uncertainty causal order.
5/10/20232 min read
Evergrande Auto Faces Turmoil as Executive Director Detained on Suspicion of Illegal Activities
Evergrande Auto announced today the detention of its executive director, Liu Yongzhuo. The company revealed that Liu has been criminally detained on suspicion of illegal activities, although specific details surrounding the allegations remain undisclosed.
1/9/20243 min read
The NBA and Alibaba Expand Partnership in China
On March 7th, NBA China and Alibaba Group announced today that an expansion of their partnership will bring content from the NBA to Alibaba’s platforms for the first time, as well as including an enhanced online shopping experience for consumers in China.
Who Decides the Appointment of Arm China’s Chairman and CEO?
Arm China’s executive chairman and CEO, Allen Wu's dismissal on 10 June triggers questions about its corporate control.
6/11/20203 min read
Chinese Authorities to Protect Minors from E-cigarettes
Chinese authorities, including the Ministry of Public Security, have jointly launched a campaign to crack down on the selling of electronic cigarettes to minors and other related activities.
2/22/20222 min read
Binance Confirms Support for Upcoming Ethereum Merge
Leading crypto exchange Binance announced on August 25 that it plans to support and protect users' funds regardless of the outcome of the Ethereum merge, which is expected to take place between September 10 and September 20.
8/26/20222 min read
JIDU Raises Nearly $400 Million in Series A Financing, Mass-production to Begin in 2023
Chinese tech giant Baidu's intelligent electric vehicle arm, JIDU, announced that it has closed a Series A round of financing, raising nearly $400 million.
China is Teaching the United States a Lesson on Blockchain Policy
The United States and China have different approaches to regulating this technology - Blockchain.
Tesla Launches In-vehicle KTV Function
On Friday, Tesla’s latest over-the-air (OTA) update for its China-based customers includes a fun KTV function and supports for a new vehicle accessory — the TeslaMic.
1/28/20222 min read