Digital Yuan Transactions at Winter Olympics Surpass $1.5B
The pilot digital yuan project has covered more than 400,000 scenarios at the Olympics, with a transaction amount of 9.6 billion yuan ($1.509 billion).
2/11/20222 min read
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SAIC Motor, CATL and Others Set Up Joint Battery Swapping Firm
Chinese automotive giant SAIC Motor announced on September 22 that it has jointly established a battery swapping firm alongside Sinopec, PetroChina, CATL and Shanghai International Automobile City.
Online Entertainment Giant iQIYI Launches Content and Marketing Strategy for 2020
IQIYI, an online entertainment service in China, held its annual iJOY Conference in Shanghai on October 15th.
10/18/20194 min read
XPeng Raises EV Prices By Up to $4,720
Guangzhou-based electric vehicle manufacturer XPeng Motors raised prices for all three of its main models on Monday.
3/21/20223 min read
The U.S. Market for Chinese Smartphone Makers after the ZTE & Huawei Incidents
The flames of the trade war between China and the United States have long spread to the field of science and technology. Following the U.S. ban on ZTE, it is ru...
Alibaba Sets Up Team Against Employee Misconduct, Unconditionally Supports Refusal of Forced Drinking
The Alibaba Group on Thursday announced that a new internal team called "ALI-WE" has been created to examine and eradicate inappropriate workplace behavior reported by employees.
8/13/20212 min read
Chinese Authorities are Trying to Implement a Homework Curfew, and This is Why it’s Doomed to Fail
Education officials in Zhejiang, China is considering implementing some new rules to alleviate the burdens that weigh down on elementary and middle school students during their school years.
11/3/20195 min read
Tencent Denies Rumors of Negotiations with J&T Express to Raise $1 Billion
J&T Express is reportedly negotiating with Tencent Holdings to potentially raise $1 billion. Tencent announced on Wednesday that the rumor was not true.
9/1/20212 min read
Bilibili Releases 21 New Titles at “DOCUMENTARY MADE BY BILIBILI 2021-2022”
Bilibili, a leading video platform for China’s younger generations, announced 21 new documentaries at its “DOCUMENTARY MADE BY BILIBILI 2021-2022,” which was held for the first time in Shanghai on November 13.
11/16/20213 min read
Tencent Responds to Reports It Plans to Sell Stake in Meituan
In the afternoon of August 16, the Hong Kong shares of Chinese food delivery giant Meituan fell by 10% after it was reported that its shareholder Tencent is planning to sell all or most of its $24 billion shares.
Blizzard President Visits China and Meets with NetEase
Blizzard President Johanna Faries recently visited China for the first time and had dinner with the NetEase team.
Jiang Fan: Alibaba International Continues Rapid Growth Despite Uncertain International Market Environment
Alibaba released its financial report for the quarter ended September 30. Alibaba International Digital Commerce Group, or Alibaba International, exhibits the fastest growth rate among all six major business groups.
11/20/20236 min read