WeChat Refutes Reports of Being Asked to Reduce Its Market Share
The central bank of China has enacted a regulation, effective from May, that presents a stringent stance towards monopolistic practices in the financial sector.
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China NFT Weekly: Risks and Regulations in the Chinese Market
This week: Chinese computer giant Lenovo makes its foray into the metaverse field, game engine Cocos raises $50 million in series-B funding round, and more.
4/18/20229 min read
Tencent Partners With UN To Hold Large Scale Global Conversations Online
Tencent software and apps will be used to boost the online outreach and promotion of the #UN75 initiative.
3/31/20202 min read
China’s Consumers Now Have More Online Shopping Choices as COVID-19 Spurs Decentralization
Pandaily deep dives into a set of employment and consumption statistics to explain how e-commerce penetration is accelerating.
Huobi Launches Refreshed Brand, Unveils Post-Acquisition Global Expansion Roadmap
Crypto exchange Huobi Global launched a refreshed branding strategy on November 22, under which it will now simply be known as "Huobi." The brand upgrade also came with the unveiling of a global expansion roadmap since it was acquired by About Capital Buyout Fund last month.
11/23/20222 min read
Former Tesla Engineer Guangzhi Cao Joins Automated Driving Startup Pegasus
Guangzhi Cao, a former Tesla engineer and former Head of Perception at XPeng Motors, who was involved in allegations of commercial theft, has joined Pegasus, a Chinese automated driving startup.
8/30/20223 min read
Beijing Metro Fully Supports Scanning Code
Alipay's official account on Weibo announced that Beijing Yitongxing APP was officially launched, and users could buy tickets in the APP and collect tickets fro...
Baidu Considers Secondary Listing in Hong Kong
Following Alibaba’s historic secondary listing on the Hong Kong stock exchange, other Chinese tech giants including Baidu are considering a similar strategy, according to IPOzaozhidao.
1/6/20202 min read
Kuaishou’s Pre-IPO Valuation Reaches $25 Billion
According to people familiar with the matter, the pre-IPO valuation of Kuaishou, one of China’s leading short-video start-ups, has reached $25 billion.
BYD Launches Yuan Plus Electric SUV in Costa Rica
Shenzhen-based automaker BYD announced on July 22 that its first A-class electric SUV based on the firm's e-platform 3.0 architecture, known as the Yuan Plus in the domestic market, was recently launched in San Jose, Costa Rica.
7/25/20222 min read
China's Horizon Robotics Becomes the World's Highest Valued AI Chip Unicorn
Chinese Artificial Intelligence (AI) chipmaker Horizon Robotics announced a massive $600 million funding in its Series B financing round, setting a new record of funding in the AI chip making industry.
BYD Globally Recruits Talent in the Field of Embodied AI
BYD is also going to build humanoid robots and is recruiting talents in the field of embodied intelligence globally.