Broadcasting Rights for Winter Olympics Granted to Migu, Tencent, Kuaishou
On Tuesday, China Media Group (CMG) released a statement regarding the broadcasting rights for the Beijing Winter Olympic Games.
1/25/20222 min read
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Indian Authorities Seize $725M From Xiaomi’s Local Unit Over Illegal Remittances
The Enforcement Directorate, India's financial investigation agency, on Saturday seized $725 million from Xiaomi Technology India Pvt., accusing it of breaking the country’s foreign exchange laws by making illegal remittances abroad.
5/5/20222 min read
BYTON Acquires Distributor License From California
BYTON, a Chinese electric vehicle maker, has recently received a distributor license from the state of California.
11/19/20192 min read
20% of China’s New Car Sales to Be New Energy Vehicles by 2025
New energy vehicles are forecast to make up 20% of new car sales in China by 2025, according to a State Council statement published Monday.
11/3/20202 min read
Douyin Reveals User Numbers for the First Time
Douyin, the most popular short-video platform, announced on June 12 that its number of domestic daily active users (DAU) has exceeded 150 million. < p clas...
NIO Announces Opening of Operations in Norway, New ES8 Priced at $69,151
NIO announced today that NIO House in Oslo, Norway will officially open on Friday. The new location has a total area of 2,100 square meters making it the largest user center in the core area of Norway.
9/30/20213 min read
Xiaomi Executive Serves as Legal Representative of Newly Founded Company, Business Scope Includes IC Chip Design
According to Qichacha, a Chinese enterprise information inquiry platform, Shanghai Xuanjie Technology Co., Ltd. was established on December 7 with a registered capital of 1.5 billion yuan ($236.41 million).
12/9/20212 min read
Alibaba Announces Executive Restructuring
Alibaba announced the 19th major structural adjustment in three years. Daniel Zhang announcing a new round of organizational restructuring.
12/19/20192 min read
AI is the Transformative Force Revolutionizing Future Human Development Over the Next 40 Years, Says Baidu CEO Robin Li at WAIC 2021
Robin Li, CEO of Baidu, said that AI will undoubtedly become the transformative force revolutionizing future human development over the next 40 years.
Energy Monster Completes RMB500 Million Funding Round
Power bank rental company Energy Monster has completed its C round of financing, with a total funding of 500 million yuan.
12/24/20192 min read
Microsoft Responds to Rumors of Cutting Windows Supply to China: “We Have Unwavering Commitment to Providing Services to Chinese Users”
Microsoft said it will continue providing services to Chinese users in response to recent rumors that it will no longer offer Windows services in China.
8/10/20202 min read
Tencent, NetEase Games Approved for Launch in China
China released the approval information of imported online games in 2023 on March 20, and a total of 27 games were approved. NetEase's "Audition: Everybody Party" and Bilibili's "Pretty Derby," and Tencent's "Merge Mansion" are all on this list.