JD.com to Sponsor China's 2024 Spring Festival Gala, Aiming at Acquiring More Users from Small Cities
JD.com is gearing up to make a significant impact during the Year of the Dragon Spring Festival Gala, leveraging its various businesses.
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DingTalk and Lark Among Distance Learning Solutions Recommended by UNESCO
UNESCO published a list of recommendations of educational applications and platforms to help facilitate distance learning.
3/17/20202 min read
Baidu and Pony.ai Allowed to Pilot Robotaxi Commercial Operation in Beijing
On July 20, the Beijing High-level Automated Driving Demonstration Area opened its first commercialization pilot of unmanned travel service in China. Baidu and Pony.ai are the first licensed enterprises to operate within the area.
Tencent-Backed Digital Content Firm China Literature Publishes Financial Report, Showing Rebound from Rocky 2020
The leading platform for digital literature in China released its financial report for the first half of 2021 on Monday, showing stellar revenue growth and modest improvements in its active readership base.
8/17/20213 min read
Evergrande Group Sells Holdings in HengTen Networks for $92 Million, Tencent Becomes Largest Shareholder
Chinese property developer Evergrande Group successively sold its shares in HengTen Networks on November 4 and 5, cashing out about HKD 717 million ($92.1 million) in total and lowering its shareholding ratio from 26.55% to 22.98%.
11/8/20212 min read
Super Panther Secures Tens of Millions of Yuan in Strategic Financing
Super Panther, a Chinese new energy heavy truck slider chassis developer, announced on August 1 that it has obtained strategic financing totaling tens of millions of yuan from Sequoia China Seed Fund and Shunwei Capital.
8/1/20222 min read
Fake Subsidiary Emerges as BYD Largely Invests in Battery Industry
Recently, a little-known small company in Nanning, Guangxi Province, has received some attention due to its claim to be wholly-owned by BYD. According to public information, BYD has made frequent investments in the city throughout the year.
9/27/20223 min read
Missfresh Joins Forces With ByteDance to Offer Livestream Grocery Shopping
Chinese fresh grocery e-commerce retailer Missfresh announced Thursday that it has entered into a strategic partnership with Ocean Engine and has expanded its presence on TikTok’s sister app for mainland China, Douyin.
1/28/20222 min read
JIDU to Apply Baidu's ChatGPT-Style Project to Intelligent Driving
JIDU, a new energy smart vehicle company, announced on February 14 that it would integrate the capabilities of Baidu's ChatGPT-like project Ernie Bot to create the world's first large-scale artificial intelligence interactive experience for smart car users.
2/14/20232 min read
Chinese Tech Companies Asked to Stop Blocking Access to Others' Website Links
The Ministry of Industry and Information Technology (MIIT) held an administrative guidance meeting on September 9th and proposed standards for instant messaging services.
9/13/20212 min read
51 Credit Card Under Investigation For Outsourcing Debt Collection Services
51 Credit Card, China’s largest credit card service startup in terms of monthly active users (MAU), saw its share price plummet by 34.32% to $1.77 HKD today.
China’s Meatless Revolution
The majority of China’s meat products are imported, and given the currently turbulent geopolitical climate, plant-based meat alternatives will increase China’s self sufficiency, and shine a positive light on the industry in the eyes of regulators.
1/27/20204 min read