Sharp Slump in Bitcoin Price Issues Meitu $17.3 Million Loss
Meitu, a Chinese smartphone maker and owner of a popular photo retouching app, announced on Tuesday that it lost $17.3 million in bitcoin due to a nosedive in ...
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New Oriental to Provide One-Month Free Courses for Wall Street English Students
New Oriental Education schools in Hangzhou and Shanghai also announced they would provide one-month free courses for WSE students in those locations.
8/19/20213 min read
The ByteDance Version of GPTs "Coze" Is Now Online
Recently, ByteDance officially launched the "Coze" AI Bot development platform. Any user can quickly and easily build their own Chatbot with low barriers to entry.
2/2/20245 min read
SVOLT and CATL Reach Settlement on Unfair Competition Case
After nearly half a year, the lawsuit between battery developer SVOLT and industry giant CATL has come to an end.
7/20/20222 min read
China NFT Weekly: VCs Pulling Back from Crypto
This week: Tencent-backed digital publisher jumps on NFT bandwagon, Chinese state media signals tighter crypto control following Terra's collapse, Coinbase rescinds accepted offers as valuation plummets, and more.
6/6/20229 min read
Kneron Launches A New AI Chip to Reduce the Costs of Large Models
On August 15th, Hon Hai Group has invested in AI startup Kneron and announced the release of a new edge computing AI chip called "KL730".
8/16/20231 min read
Tesla to Lay Off 10% of Staff Globally, Recruitment in China Persists
Regarding the recent news of Tesla's suspension of global hiring, a source close to Tesla China said that no updates on layoffs have been issued, and a massive recruitment drive was conducted not long ago.
6/6/20222 min read
NIO Releases EC7 and ES8 EVs, Unveils Third-Generation Battery Swap Station
On December 24, Chinese automotive firm NIO released electric flagship coupe SUV EC7 and all-new electric flagship SUV ES8. The firm also unveiled its third-generation battery swap station and commented on its mobile phone business and a recent data leakage incident.
12/26/20226 min read
Bytedance CEO Zhang Yiming at Tsinghua University: Part 2
Welcome back to our series on Bytedance, maker of TikTok (and many other things!) and the most richly valued privately-held tech startup in the world.
6/13/202021 min read
Alibaba Founding Member Steps Down from Affiliated Company of Taobao Education
Business information inquiry platform Tianyancha showed that on Friday, Alibaba (China) Education Technology Co., Ltd., an affiliated company of Taobao Education, had a change up in its top level employee structure.
1/21/20222 min read
Factory Automation Company Tianjin ANT-FA Bags Several Hundred Million Yuan in Financing
A&T Precision Machinery Co., Ltd. (Tianjin ANT-FA), a comprehensive supplier of factory automation (FA) products, announced on Thursday its completion of round-B financing worth several hundred million yuan.
3/17/20222 min read
Huawei Founder Ren Zhengfei Discusses US Sanctions, Chips, and AI
Ren Zhengfei, founder and CEO of Chinese telecoms giant Huawei, delivered a speech at a recent symposium where he addressed several issues, including chip supply, ChatGPT, the company's future direction for research and development, and its employee selection systems.