NetEase Adds Grace Tang as New Independent Director
Hangzhou-based internet company NetEase announced a new independent director and changes to the board committee on Thursday. It also released its 2021 ESG Report.
7/1/20223 min read
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Li Auto Denies Layoff Rumors
Rumors have emerged recently on Chinese social media that Li Xiang, the founder and CEO of Beijing-based electric vehicle firm Li Auto, is planning major staff cuts during the second quarter of this year.
4/8/20222 min read
Tencent Announces 50 Billion Yuan Investment in Sustainable Innovation
In a letter to employees on Monday, Tencent’s CEO Pony Ma announced that the company would invest 50 billion yuan ($7.67 billion) in areas including “basic science, education innovation, rural revitalization,” and more.
4/21/20212 min read
NVIDIA Denies Supply Cut to Chinese Market
NVIDIA China denies the untrue rumors of cutting off supply to the Chinese market, and reiterates that China is an important market.
Tencent Awards Shares Worth HK$166,000 to Over 20,000 Employees
Tencent Holdings Ltd. announced on Friday at the Hong Kong Stock Exchange (HKEx) that it would grant a total of 8,004,807 award shares to at least 22,800 staff members.
1/24/20222 min read
Beijing to Promote Improvement of Automobile Chip Supply
Yang Xudong, an officer of China's Ministry of Industry and Information Technology (MIIT), said that the government will aim to support the domestic automobile computer chip industry.
6/29/20222 min read
Global Drone Leader DJI Announces “Government Edition”
DJI, the global leader in drone technology, announced the release of its DJI Government Edition which is complete with the most secure and stringent security measures to protect drone data.
OPPO to Invest $1.43B in OnePlus Sub-Brand Over Next Three Years
Chinese smartphone manufacturer OPPO has decided to invest 10 billion yuan ($1.43 billion) in its sub-brand OnePlus.
12/16/20223 min read
Hello Inc. Completes 300 Million Carpooling Orders in Three Years
Chinese bike-sharing company Hello Inc. announced on Wednesday that since it piloted carpooling services in six cities including Hangzhou and Chengdu in January 2019, it has completed 300 million individual carpooling orders.
1/13/20222 min read
Taobao to Launch A Special Channel, Focusing on Cost-Effectiveness
Taobao, the e-commerce platform owned by Alibaba, has introduced a dedicated sales channel on its homepage for select users. This new channel is prominently displayed alongside Taobao Live in the most visible position on the homepage.
4/4/20232 min read
China-Made Jetliner C919 to Carry Passengers in March
As the 2023 Spring Festival wound down, China's first domestically-made large jetliner C919 took its first flight on January 28 from Shanghai Hongqiao International Airport to Nanchang Changbei International Airport in Jiangxi Province.
Lithium Battery Cathode Firm RT Advanced Materials Bags Round-D Financing
RT Advanced Materials, a developer of lithium battery cathode materials, has recently completed D-round financing, garnering over 5 billion yuan ($739.5 million).
7/21/20222 min read