China Establishes Initial Power Battery Recycling System
Zhang Yunming, Vice Minister of China's Ministry of Industry and Information Technology (MIIT), said that China has initially established a recycling system for power batteries.
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Anta Announces Firm's Largest Personnel Adjustment Ever
Anta Sports, a prominent Chinese athletic wear company, announced on January 18 its largest personnel adjustment since listing publicly 16 years ago.
AI Poses A Threat to Game Concept Artists
On March 2, Huang Yimeng, founder of XD Inc., revealed on social media that there were game companies that had cut their outsourcing concept artists team. He wrote, "AI has actually begun to affect many people's jobs."
4/4/20232 min read
Ministry of Education: Beijing Training Institutions Reduced by 60%
On Monday, China's Ministry of Education announced some of the results for the pilot districts of its "Double Reduction" policy.
10/25/20213 min read
Alibaba Cloud Bolsters Asia-Pacific Footprint, Sets up Cloud Data Centers in Korea and Thailand
Alibaba Cloud announced on Tuesday that it will further bolster its Asia-Pacific footprint and will set up two new cloud data centers in South Korea and Thailand.
11/16/20212 min read
Alibaba Local Services Company Acquires Software Provider Keruyun
Alibaba Local Services Company officially announced its acquisition of Keruyun, a SaaS company providing software and hardware for local lifestyle services such as catering and retail.
Livecast #9: Albus Yu of China Growth Capital on China DTCs
Transcript compiled by Karrie Huang. Rui: Albus, tell us more about China Growth Capital and also yourself. What does the fund do? What's the size? What's y...
9/9/202118 min read
Alibaba Cloud, Saudi Telecom Company and EWTP Arabia Capital Form Joint Venture
Saudi Telecom Company (STC), the largest mobile operator in the Middle East, announced on Sunday that it has established a cloud computing joint venture with Alibaba Cloud and EWTP Arabia Capital in Saudi Arabia.
5/23/20222 min read
China VC Weekly: $7M for Nothing, K12 EdTech Financing and More
OnePlus co-founder Carl Pei on Jan. 27 announced the establishment of his London-based new consumer technology startup Nothing, which obtained $7 million in fresh capital last December.
2/1/20214 min read
3D Sensor Chip Firm Adaps Photonics Secures Financing Led by Meituan's Long-Z Investments
3D sensor computer chip firm Adaps Photonics announced on Monday that it has completed C-round financing worth several hundred million yuan, with Meituan’s Long-Z Investments as the lead investor.
4/11/20222 min read
JD.com to Attempt Food Delivery Business
Chinese e-commerce company JD.com will attempt to develop a food delivery business. Under the arrangement, merchants will operate through the JD Daojia app.
6/10/20222 min read
ATRenew Posts Record Profit as Quality Control Automation Push Drives Efficiency
ATRenew, the operator of China’s top consumer electronics transactions and services platform, on Tuesday delivered a three-month profit record, in which it posted $11.5 million in adjusted operating profit for the fourth quarter, a new quarterly record.