Geely to Issue 3.7 Billion Yuan in Stock to 10,000 Employees
Geely approved a share award plan for a total of up to 350 million shares and granted about 167 million shares to 10,884 incentive recipients under the plan.
8/31/20213 min read
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Alibaba Withdraws From Youku, Subsidiary Quan Toodou Takes Over
Youku Information Technology (Beijing) Co., Ltd. made a registration change with the Industrial and Commercial Administration.
Seres Automobile Establishes AITO Business Group
On August 7th, Seres Automobile recently underwent a new round of organizational restructuring and established the AITO Questioning Business Group.
8/7/20232 min read
Chinese Real Estate Firm KE Holdings Denies New Round of Layoffs
After a wave of personnel changes in October last year, Chinese real estate platform for housing transactions and services KE Holdings (Beike) has conducted another round of staff adjustments this month.
3/23/20223 min read
Automotive Giant Geely Reportedly Acquires Smartphone Firm Meizu
News emerged on Thursday that smartphone brand Meizu has been acquired by Chinese automotive giant Geely. Meizu officials have so far declined to comment on the reports.
5/6/20222 min read
Xiaohongshu Releases New Feature of AIGC
The popular Chinese app "Xiaohongshu" recently launched a new feature called "Moment," which allows users to publish text-only notes. According to the official WeChat account of Xiaohongshu, this new feature supports the publication of pure text content.
7/28/20233 min read
Tencent’s Game Accelerator Stops Operations in Foreign Service Area
Tencent’s game accelerator announced on Wednesday that the company had undergone a business re-adjustment and will only support acceleration in Chinese service areas.
4/14/20222 min read
Smart Cleaning Appliances Brand Speedfox Receives Nearly $16M in Financing
Smart cleaning appliances brand Speedfox has recently completed an A round of financing worth nearly 100 million yuan ($15.82 million).
3/11/20222 min read
300 Chinese SAIC-GM-Wuling EVs Serve G20 Summit
During the ongoing G20 Leaders' Summit in Bali, Indonesia, auto companies from China, Japan and South Korea offered 836 pure electric vehicles to the Indonesian government, 300 of which were from Chinese automaker SAIC-GM-Wuling's local subsidiary.
11/15/20223 min read
China NFT Weekly: NFTs and the Music Industry
This week: Bytedance tests a metaverse-like social network, NetEase Cloud Music launches an AI-powered music production mini app, The Sandbox partners with Warner Music Group to create a virtual music venue, and more.
Micron's New Factory in Xi'an Has Started Construction, Investment in China Exceeds 11 Billion Yuan
Micron has invested over 11 billion yuan in the Chinese market. After expanding its factory in Xi'an, the number of Micron China team members will reach 4,800.
3/28/20244 min read
SF Intra-City's Hong Kong IPO Set at $2.11 Per Share, to Raise About $260 Million
Chinese logistics giant SF Holding’s intra-city delivery subsidiary SF Intra-City announced on the Hong Kong Stock Exchange (HKEx) that the offering price has been set at HK$16.42 ($2.11) per share.
12/13/20212 min read