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On May 14th, reports surfaced that Xiaomi's Wuhan headquarters had laid off 90% of employees over the age of 35. However, Wang Hua, General Manager of Xiaomi's Public Relations Department denied these reports.
JD.com's logistics arm has entered into a placing agreement, pursuant to which it has agreed to issue about 150 million of its ordinary shares to a group of third-party investors for a total purchase price of $398 million in a placement.
On March 27, Xiaomi officially released the MIX 2S, a gaming laptop and an AI speaker at the Shanghai Baoshan Gymnasium. SEE ALSO: Xiaomi MIX 2S: Snapdragon 84...
According to Xpeng Aeroht, the "Land Aircraft Carrier" Modular Flying Car will have its first public flight at the Lianzhou Exhibition Area in Doumen.
Chinese tech giant Huawei announced on Monday that its Watch FIT 2 will be launched at the company's product launch event on July 4.
We recently got our hands on some photos of the latest CAMON model from TECNO, rumored to be coming out in early October. The tri-camera set-up and classy chrome-inspired colours have got us wanting for more.
Alex Atallah, co-founder of OpenSea, the largest web3 marketplace for NFTs and crypto collectibles, announced on July 2 that he would step away from the company on July 30, but will remain on the company's board.
As the Covid-19 pandemic roars across the world, social distancing is driving up the development and expansion of mobile games. According to a report released by IDC, players have grown at an annual rate of 15% in the first half of 2020, while Newzoo estimates there will be 2.5 billion mobile game players worldwide by the end of 2020.
On Wednesday, Baidu released an App called "Wonder" which is aimed offering information services to young people.
In last week’s China VC news: online grocery platform Dingdong Maicai bags a new tranche in its Series D round, bringing total financing amassed in the round to $1 billion; California-based biopharma firm Kinnate starts a joint venture to expand in China; luxury resale platform GoShare2 rakes in “tens of millions of US dollars” in Series C financing; and plant-based ground pork brand Zrou owner raised $7.3 million in a Series A round of financing.
Chinese tech giant Baidu has obtained licensing for commercial operation of its fully driverless ride-hailing service in Shenzhen. Baidu robotaxis are now authorized to provide ride-hailing service with no safety operator present in the car, making Shenzhen the fourth city in China where such service is available, following Wuhan, Chongqing and Beijing.
Pandaily has learned from sources that Airbnb is going to stop its operations in mainland China on July 30 and will lay off about 60 local employees.