Joyy Shares Tumble 26% after Research Firm Calls it “a Multibillion-dollar Fraud”
Shares of Chinese social media and entertainment site Joyy Inc. plunged more than 26% after a research firm accused it of being a “multibillion-dollar fraud”.
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China Named World's Largest Lithium Battery Consumer Market for Fifth Straight Year
The China Center for Information Industry Development (CCID), situated under the country's Ministry of Industry and Information Technology, recently released its "2021 White Paper on China Lithium Battery Industry Development Index."
5/23/20222 min read
Pop Mart, Miniso Stock Prices Plunge Following Chinese State Media Comments
Leading toymakers Pop Mart and Miniso stock prices plummeted after state-run media Xinhua commented that regulators should further steer the blind boxes industry away from unbalanced development.
Ep. 55: Kuaishou: The Anti-Douyin/TikTok?
Episode 55 of TechBuzz China is about a company we have admittedly relegated to a “supporting role” thus far here on TechBuzz: Kuaishou.
11/11/201930 min read
CATL Officer at Davos: No More Fuel Vehicles by 2035
Ni Jun, the chief manufacturing officer of Chinese battery giant Contemporary Amperex Technology Co. Limited delivered a speech at the World Economic Forum Annual Meeting 2022 currently taking place in Davos, Switzerland.
5/25/20223 min read
NetEase Media Launches Digital Collection Museum on News Platform
NetEase Media officially announced on August 5 its launch of the "NetEase News Digital Collection Museum," supported by its self-developed alliance chain "Yiwen Chain."
8/5/20222 min read
ByteDance Establishes Overseas Short Drama Team, Launches Short Drama App "Melolo"
ByteDance has launched an overseas short drama app called "Melolo," marking ByteDance's first short drama product to go abroad.
1/7/20253 min read
Crypto Firm BlockFi to Cut Headcount by 20%
Cryptocurrency firm BlockFi said on Monday that it would reduce its overall headcount by about 20% as it takes on a strategic review of its priorities amid difficult market conditions.
6/14/20222 min read
TCL-backed Thunderbird Innovation Unveils Thunderbird Smart Glasses Pioneer Edition
TCL electronics incubated AR newcomer Thunderbird Innovation unveiled thePioneer Edition of its own smart glasses on Friday. These AR glasses are innovative in their display effects, power consumption and weight.
10/15/20212 min read
ByteDance's Education Business Conducts Mass Layoffs
The education business within ByteDance has reportedly undergone significant adjustments, including the laying off of about 3,000 employees.
6/20/20222 min read
Cryptocurrency Mining Giant Bitmain Filed for IPO at HKEX
On the evening of Sept. 26, Bitmain has officially submitted its listing documents to the Hong Kong Stock Exchange, with China International Capital Corporation...
Equipped With DJI System, 2023 Baojun Kiwi EV Unveiled
The 2023 Baojun KiWi EV is the first strategic cooperation model between SAIC-GM-Wuling and Shenzhen-based drone developer DJI, and it will be equipped with DJI's intelligent driving system.
6/13/20222 min read