Tec-Do Completes Round B+ Financing
Tec-Do, a one-stop service platform to help Chinese enterprises access markets overseas, recently announced the completion of a round B+ financing worth several hundred million yuan.
2/28/20223 min read
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JD Logistics Discussing Overseas IPO Insiders Say
The logistics unit of JD.com is eyeing a potential overseas IPO that could raise $8 – $10 billion, two insiders revealed to Reuters.
12/23/20191 min read
Centrin Data Reaches Strategic Cooperation With Huawei Digital Power
Cloud computing services provider Centrin Data and Huawei Digital Power held a signing ceremony for a strategic cooperation in Beijing on Monday.
5/10/20222 min read
Meituan Denies Claim of High Commissions, Says over 80% of Merchants’ Commissions Range from 10% to 20%
On April 10, Guangdong Restaurant Association issued a negotiation letter to Meituan, a Chinese O2O delivery platform, criticizing that it charges excessive commissions from catering merchants.
4/14/20202 min read
Amazon China Lays Off Employees, Some Staff Have Received Emails
Some employees of Amazon China have received layoff notification emails from headquarters. Amazon stated that due to duplication in job categories, it will be reducing hundreds of positions within specific Sales, Marketing, and SMGS organizations.
Ride-Hailing Firm Wanshun to Go Public in US Via SPAC
Wanshun Car-Hailing, a Shenzhen-based ride-hailing service platform, has recently reached a cooperation agreement with an overseas special-purpose acquisition company (SPAC), planning to be listed in the US this year.
9/5/20222 min read
Douyin Launches In-app Ride-Hailing Service
The official launch of Douyin's ride-hailing service indicates that ride-hailing services will complement Douyin's existing businesses such as dining, entertainment, and travel, enhancing Douyin's commercial ecosystem.
OPPO Reno 11 and Reno 11 Pro Officially Released
Today, OPPO officially released the brand new Reno 11 Pro series smartphones.
11/23/20233 min read
AI Firm CloudWalk Gets Green Light for Shanghai IPO
CloudWalk Technology will become the second publicly listed firm among the "Four Leading AI Computer Vision Startups," which include SenseTime, Megvii, YITU Technology and CloudWalk.
4/7/20223 min read
ByteDance’s Toutiao, Watermelon Video to Be Merged Into Douyin, Zhou Shouzi Steps Down as CFO to Focus on TikTok
Bytedance CEO Liang Rubo released an internal letter this morning, saying that the firm will make organizational changes and set up six business units.
Leading Chinese Chip Maker SMIC Records Stellar H1 2021 Growth, Despite Sanctions
SMIC has released its report for the first half of 2021, revealing a 278% year-on-year increase in net profits compared to the same period last year.
8/30/20212 min read
China Esports Weekly: Hyperice Named Special Partner of LPL, Jingdong Gaming Signs Two-Year Title Sponsorship With Intel
In the week leading up to the summer season, the temperature in China has begun to increase, as has esports business news across the country. Last week, the esports industry in China saw some new brands enter the scene, including the first automotive sponsor for Victory Five.
6/11/20215 min read