Leaked Photo Shows BYD's New Off-Road Vehicle
A photo of the interior of BYD's new high-end off-road vehicle was recently exposed on the Chinese web, appearing different from the models currently sold by the firm.
8/10/20222 min read
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Two ByteDance Employees Sentenced for Bribery and Promoting Certain Content on Douyin "Hot List"
On November 26, a judgment published on the website China Judgments Online showed that two employees of ByteDance were sentenced for bribery in the first trial court of Haidian District People's Court of Beijing.
China’s Leading Medical Supply Firm’s Ad Accused of Sexism
A controversial advertisement for makeup removal wipes went viral this week as it aroused hot debate over claims it rationalizes the devilry of sexual assault.
1/12/20213 min read
InsurTech Startup Waterdrop Set For US IPO, Latest Valuation Hitting Tens of Billions of Dollars
Leading online InsurTech company Waterdrop Inc. is reported to be in full preparation for a U.S. initial public offering (IPO) in the next quarter.
What’s Behind Pinduoduo’s Ownership Change
Colin Zheng Huang, the founder of Chinese e-commerce giant Pinduoduo (PDD), has stepped down as CEO and reduced his stake in Pinduoduo stock to 29.4% from 43.3%.
Cisco Rumored To Layoff Workers In Shanghai
Cisco, the American internet giant, is rumored to be laying off workers in its Chinese branch. According to insiders, “Right now there have been layoffs in Shanghai department.”
Geely Plans New Energy Vehicle Project in Haikou
The High Technology Industry Development Zone in Haikou, China's Hainan Province, signed a cooperation agreement on Wednesday with Geely Commercial Vehicle Group, planning to build a new energy vehicle project in the zone.
6/10/20222 min read
ByteDance's New Large Model, Doubao, Delivers Stellar Performance
Doubao made substantial strides in code capabilities, improving by around 50% compared to the previous generation model on the HumanEval and MBPP evaluation sets.
5/24/20242 min read
RoboSense and WeRide Reach Strategic Cooperation
Intelligent lidar firm RoboSense and WeRide, an L4 autonomous driving tech firm, announced a new strategic cooperation agreement on Friday.
6/13/20222 min read
7 Superstitions that Governed Chinese Internet Companies
It has been a dim period for internet companies with an overwhelming amount of twists and turns in a year. As the cold winter approaches, many resort to superst...
12/20/20188 min read
Tencent Confirms Death of Mao Xingyun, Employee at Company's TiMi F1 Studio
Recently, news emerged that an employee of Tencent in Shenzhen died unexpectedly. Tencent confirmed on Tuesday that Mao Xingyun, an employee of TiMi F1 Studio, passed away unexpectedly on December 11th.
12/14/20212 min read
Battery Maker CATL's Q1 Net Profit Dropped by 23.62% YoY
According to the recent report issued by Chinese battery giant CATL on Friday, in the first quarter of 2022, its revenue was 48.68 billion yuan, a year-on-year increase of 153.97%.
4/29/20222 min read