Alibaba Acquires 100% Shareholding of Youku Movie
Youku Movie Co., Ltd.'s original shareholder, Youku Information Technology Co., Ltd., withdrew, and Alibaba Digital Media & Entertainment Group acquired its 100% shareholding.
1/5/20221 min read
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Ofo Affiliate Fined RMB13.41 Million by Court
On June 23, Tianyancha showed that Dongxia Datong Company was listed as a judgment debtor by the Haidian District People's Court of Beijing, obliging it to pay about 13.416 million yuan in fines.
6/24/20213 min read
Still Optimistic About Self-Serve Stores? First Batch Close in Shanghai
Internet giants Alibaba and JD.com are still flirting with plans to open self-serve stores, but the first group of similar businesses has imploded in Shanghai. ...
China Smartphone Sales in 2022 Reach Lowest Level in a Decade
On January 27, Counterpoint Research, a global research firm, released its sales report for China's smartphone market in 2022. The country's smartphone sales declined 14% year-on-year in the previous year and reached their lowest level in a decade.
Metaverse UGC Platform BUD Secures $36.8M in B-Round Financing
Metaverse user-generated content (UGC) platform BUD recently completed a B round of financing totaling $36.8 million, led by Sequoia Capital India, followed by ClearVue Partners, NetEase and Northern Light Venture Capital.
5/23/20222 min read
Lenovo Founder Liu Chuanzhi Rumored to Resign as Chairman
Liu Chuanzhi, founding father of the Lenovo Group, is about to step down as the chairman of Lenovo’s parent company Legend Holdings.
12/17/20192 min read
Neptune Robotics Completes Round-A Financing Worth $15M
Neptune Robotics announced on Friday it has completed round-A financing totaling 100 million yuan ($15.4 million). The leading investor was Sequoia China, while co-investors were Matrix Partners and SOSV.
4/24/20222 min read
Unmanned Forklift Robotics Company Tusk Raises Hundreds of Millions of Yuan
Tusk, an unmanned forklift robotics company, has received three rounds of financing totaling several hundred million yuan, following investment by Engage Capital, ZhenFund and 01VC.
9/5/20222 min read
IDG Capital Invests in Digital Information Management Platform Developer FlowUs
FlowUs, a one-stop digital information management SaaS software, announced on Tuesday that the company has obtained three consecutive rounds of financing worth tens of millions.
4/19/20222 min read
CBA Weekly Overview: All-Chinese Team Looks to Surprise CBA league
The Chinese Basketball Association (CBA) tournament entered its second week of games following a long suspension due to the COVID-19 pandemic.
Meng Wanzhou Serves as the Rotating Chairman in Huawei from April 1
On March 28th, the fourth holding employee representative meeting of Huawei Investment & Holding Group. The Trade Union was completed today at the Huawei base in Shenzhen, China. The latest board of directors election for Huawei Investment & Holding Group was held during this meeting.
CATL to Release Condensed Matter Battery Technology April 19
On April 19, global battery giant CATL will release condensed matter battery technology and its zero-carbon strategy.
4/11/20232 min read