Merger of Huya and Douyu Stopped
On Monday, China's antitrust regulator blocked Internet giant Tencent's plan to merge Huya and Douyu, two major domestic video gaming platforms.
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Jeremy Lin Decides to Make Another Attempt to Return to NBA
Jeremy Lin announced on his social media that he will not be returning to the Chinese basketball league in the upcoming season.
9/19/20205 min read
Shenzhen Opens 53 More Roads for Driverless Vehicle Tests
Shenzhen's Transportation Bureau announced on August 23 that the sites for a third round of open-road driverless vehicle tests have now been confirmed. 53 roads have been opened this time, with a total mileage of about 56.68 km.
Tesla China Recalls 127,785 Imported and Domestically Manufactured Model 3s
The Beijing and Shanghai branches of American electric vehicle maker Tesla filed a recall plan with China's state regulator a few days ago, involving 127,785 imported and domestically manufactured Model 3s.
4/7/20222 min read
Pinduoduo Employees Accuse Alibaba of Blocking Them From Proper Access to Taobao
On March 25, several Pinduoduo employees stated on social media that Taobao implemented a so-called “risk control” strategy against them by blocking them from their platform.
3/30/20202 min read
ByteDance's Feishu Shifts Focus to Global Market
The management team of Feishu, an office communications platform owned by ByteDance, revealed at a recent internal meeting that the product's domestic business operations in China will soon no longer be profitable, and its focus will shift to overseas markets.
Xiaomi Wins Top Spot in June's Global Mobile Phone Sales with Market Share Exceeding 17%
A report released Thursday night by Counterpoint Research showed that in June 2021, Xiaomi's global mobile phone market share increased to 17.1%, surpassing Samsung and Apple to secure the first place globally.
BOE Preparing to Make OLED Panels for IT Products
BOE, a Chinese electronic components firm, has recently converted the layout of its B12 OLED panel factory so that it can manufacture panels for IT products and automobiles, besides just smartphones.
Great Wall Motor Unveils European Headquarters in Munich
Last Thursday, Chinese automobile manufacturer Great Wall Motor (GWM) announced the official opening of its German subsidiary in Munich.
11/24/20212 min read
“Shared Girlfriends” are NOT part of the Sharing Economy
A few days ago Taqu launched a “shared girlfriends” project that attracted lots of attention, but was eventually fined and forced into suspension. Although we a...
9/23/20174 min read
Honor Releases 50 Series in Multinational Markets, Resumes Cooperation with Mainstream Operators and Channel Providers
Chinese smartphone maker Honor's 50 series was recently launched in many parts of Europe and Africa. The company said that more countries will follow in early November.
10/27/20213 min read
Chinese Auto Chip Firm SemiDrive Secures Nearly $139M in Round-B+ Financing
SemiDrive, a Nanjing-based chip firm, announced on November 28 that it has completed round-B+ financing totaling nearly 1 billion yuan ($139 million).
11/28/20222 min read