Kris Wu Raps Against Cyber Bullying
Singer Kris Wu, a judge on the hit hiphop show Rap of China, released a new rap song titled “Skr” on July 30. Wu took to Weibo to explain that his latest creat...
8/11/20187 min read
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Toutiao Fights Back by Suing Tencent for 90 million
Last week, Tencent filed a lawsuit against Toutiao asking for a token compensation of 1 yuan, or 15 cents USD. A week later on June 1st, Toutiao filed a lawsuit...
Meituan Q3 Revenue Reaches $7.6 Billion; Annual Transacting Users Reaches 667.5 Million
On Friday, Meituan released its financial results for the third quarter of 2021 as of September 30, 2021. The report shows that the company's revenue reached 48.829 billion yuan ($7.6 billion), an increase of 37.9% over last year.
11/26/20213 min read
Virtual Livestreaming Firm MRStage Wins A-Round Financing Worth Around $13.7M From Alibaba
MRStage, a Chinese online virtual activity services provider, has recently completed round-A financing worth around 100 million yuan ($13.7 million) from Chinese tech giant Alibaba, which also became its shareholder on October 26.
10/31/20223 min read
MissFresh Partners with Tencent to Accelerate Digitalization for Grocery and FMCG Retailers
MissFresh has recently partnered with Tencent to bolster its Retail Cloud services and ensure that its retail partners would be able to jumpstart their online business and operate more efficiently.
7/27/20213 min read
Aerial Vehicle Firm EHang Participates in EU-Funded Air Mobility Project
EHang Holdings, a leading autonomous aerial vehicle technology company based in Guangzhou, announced on November 21 its participation in a European Union-funded project called "SBAS (EGNOS) Adoption in Multicopter VTOL Aircraft" (SAMVA).
11/22/20223 min read
HeyGen Integrates Sora to Launch Advanced AI Avatar Technology
AI startup HeyGen announced on January 8 that it has integrated its avatar model with OpenAI's Sora model, creating a groundbreaking talking avatar technology driven entirely by AI.
1/8/20252 min read
Livecast #8: VC Ray Hu of Blue Lake Capital on China SaaS
Transcript compiled by Karrie Huang. Rui: Hey everyone. Thanks for joining us. We have Ray in the room right now. Ray, first of all, thank you for being her...
8/25/202137 min read
Douyu Reports Q1 Revenue of 1.04 Billion RMB, a Year-on-Year Decrease of 29.9%
The number of mobile monthly active users decreased from 50.2 million in the same period last year to 45.3 million, and the average number of paying users also decreased from 4.5 million to 3.4 million.
Halting of NEV Subsidies Causes Profit Pressure for Chinese Automakers
The new energy vehicle subsidies issued by the Chinese government for the past 13 years are scheduled to end this year. However, the vast majority of domestic NEV enterprises have not yet achieved profitability, and are still investing in large-scale research and development.
Luckin Coffee Continues Trading After Receiving Delisting Notice from Nasdaq
Luckin Coffee resumed trading on Nasdaq today after announcing that on May 15, 2020, it had received a written notice from the stock market’s Listing Qualifications Staff that its securities were determined to be delisted from Nasdaq.
5/20/20202 min read
DeepRoute.ai's Mass-Produced Autonomous Driving Solution Costs Less Than $10,000
DeepRoute.ai, an autonomous driving solutions provider, revealed that its lidar product can reduce costs to less than $10,000 per vehicle following mass production.
5/30/20222 min read