Xiaomi Auto Is Accelerating Its Overseas Expansion
Multiple sources claim that Xiaomi is preparing to launch its automotive business overseas.
12/13/20242 min read
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Xiaomi Expands to US Market with Five Products on Amazon
Xiaomi is bringing new products to the US market, TechWeb reported on November 20. Its new offerings on Amazon.com include two headsets, a 10,000 mAh portable p...
Huawei Launches New Intelligent Products to Enhance HarmonyOS Ecosystem
At the Huawei Flagship Product Launch on Thursday, the company unveiled a wide range of new products designed to form an all-scenario, smart, and fully connected ecosystem centered upon the HarmonyOS.
12/23/20215 min read
Carrefour China Given State-owned Funding Amid Bankruptcy Speculation
Supermarket chain Carrefour China, affected by the impact of e-commerce and the epidemic, reached a cooperation agreement with a state-owned facility in East China’s Anhui Province on February 20 to help with its business upgrading.
2/24/20233 min read
Alibaba Enlarges Share Repurchase Plan, Appoints New Independent Director to Board
Alibaba Group announced Tuesday that the company’s board has authorized the raising of its share repurchase program to $25 billion from the previous level of $15 billion.
3/22/20222 min read
ByteDance’s VR Brand PICO Announces Upgrade
With the rapid development of the whole VR industry, PICO, a VR brand acquired by ByteDance, officially announced an upgrade to its brand on September 5.
9/5/20223 min read
JD.com to Cut Executive Salary by 10-20%
Richard Liu, the founder of Chinese e-commerce giant JD.com, announced in an email to all employees on November 22 that starting from January 1, 2023, the cash salary of senior managers will be reduced by between 10% and 20%.
11/22/20223 min read
Huawei Stockpiling Chip Inventories Before US Ban Takes Effect on Sept. 15
Huawei’s HiSilicon has chartered a cargo plane to ship Kirin and other related chips from Taiwan to mainland China as a measure to race against the clock before the latest US ban takes effect on Sept. 15, which demands chipmakers across the globe stop supplying semiconductors to Huawei.
ByteDance Invests in Online Encyclopedia Baike to Compete with Baidu
Chinese social media giant ByteDance injected millions of dollars into Baike.com to enrich its sea of searchable content on its recently released Toutiao search engine.
8/19/20192 min read
Redmi to Release 40,000 Mystery Toy Boxes at Product Launch
Xiaomi-backed smartphone brand Redmi announced that its mascots "Kino and Hoho" will release mystery toy boxes featuring nine different designs, with a limited number of 40,000.
3/15/20222 min read
Sequoia China Donates $78 Million to Set Up World Laureates Association Prize
This Monday, the opening ceremony of the 4th World Laureates Forum was held in Shanghai. At the forum, the World Laureates Association (WLA) announced the establishment of the WLA Prize.
11/1/20212 min read
JD.com Partners with CMG for Spring Festival Gala
Today, China Media Group (CMG) officially announced JD.com as the exclusive interactive partner of the 2022 Spring Festival Gala. During the Spring Festival, JD will give out red envelopes and gifts worth over $236 million.