JD Launched Luxury E-Commerce Platform TOPLIFE
With e-commerce platforms competing with each other in luxuries, luxury goods which were out of reach now have become commodities that could be ‘ordered simply ...
10/12/20175 min read
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Tencent and China Unicom Approved to Set Up Mixed-Ownership JV
According to an official document released on October 27 by China's State Administration for Market Regulation (SAMR), internet giant Tencent and state-owned telecommunications operator China Unicom have gained unconditional approval to establish a joint venture following the completion of a review on October 18.
11/2/20224 min read
Xpeng’s Revenues Increase 27.5% From Previous Quarter, Vehicle Delivery Surpasses 17 Thousand Units
Xpeng on Thursday announced its unaudited financial results for the second quarter of this year. The firm's total revenues were 3.761 billion yuan during the second quarter, representing an increase of 27.5% from the previous quarter.
8/27/20213 min read
Tencent Launches 50 Billion Yuan 'Common Prosperity' Plan
Chinese technology firm Tencent announced the launch of the first batch of its 50 billion yuan ($7.74 billion) 'Common Prosperity' plan in a letter sent today to company employees.
9/9/20213 min read
Tencent's Total Revenue in Q2 Reaches 273.6 Billion Yuan, A 23% Increase Year-on-Year
Today, Tencent released its financial report for the second quarter of 2021, showing its total revenue reaching 273.6 billion yuan ($42.3 billion), up 23% year-on-year. Operating profit was 42.8 billion yuan, an increase of 14% YoY.
8/18/20213 min read
Founder Pan Shiyi Resigns as Chairman of Soho China's Board of Directors
On September 7, Soho China, a commercial real estate developer listed on the Hong Kong Stock Exchange, announced that Pan Shiyi has resigned as Chairman of the Board while Zhang Xin resigned as CEO of the company.
9/7/20224 min read
Baidu’s Q3 Financial Report: Total Revenues Reach $4.95 Billion, Non-GAAP Net Income Reaches $790 Million
Baidu, a leading AI company with strong Internet foundations, announced on Wednesday its unaudited financial results for the third quarter of this year.
11/17/20213 min read
OnePlus Halted in Germany Again Due to 5G Patent Dispute
OnePlus and InterDigital are currently in negotiations, trying to resolve the new dispute. The current ban is only limited to OnePlus phones.
Swedish Court Rejects Huawei's Appeal
The Administrative Court of Appeal in Stockholm, Sweden announced on Wednesday that it has rejected an appeal from Chinese telecommunications firm Huawei, upholding a ruling by a lower court that banned Huawei from selling 5G mobile network infrastructure in the country.
6/24/20223 min read
Autonomous Driving Startup GoFurther.AI Secures Round A+ Financing
GoFurther.AI, an autonomous driving company, announced the completion of the company's round A+ of financing on August 8. This financing was jointly led by Xingxiang Capital and Ruizhu Capital.
8/8/20222 min read
NetEase Launches Social Product Named "Xinyan"
Chinese tech giant NetEase has launched a new social product called "Xinyan," which will provide opportunities for users in the same city to get to know each other.
7/19/20222 min read
GAC AION Builds First Power Swap Station in Guangzhou
GAC AION, the automobile brand of the GAC Group, announced on Thursday that its first super charging and power swap station was officially completed in Guangzhou, where it is headquartered.
4/21/20222 min read