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
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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.
WeChat-QQ Money Transfer Mini Program is Now Online
A WeChat mini program that allows users to transfer money from WeChat Pay to QQ Wallet has been officially launched, QQ Wallet announced on Tuesday.
ByteDance’s Douyin Releases 2020 White Paper on Travel Vloggers
ByteDance backed Douyin, the Chinese version of TikTok, recently released a white paper on the travel vlogger industry in 2020 along with People’s Cultural Tourism and Trend Insight.
Edited Surveillance Videos of JD.com's CEO Richard Liu Cast More Doubt on the Sexual Assault Case
Two edited surveillance videos of JD.com's Richard Liu and his accuser Jingyao Liu were posted on Chinese social media Weibo on Apr. 22. It soon went viral and caused heated discussion in China. What the videos show seems to be unfavorable to Jingyao Liu, the Minnesota student who accused Richard Liu of battery and rape in a civil lawsuit.
4/23/20194 min read
Net Profit of TCL Technology in First Three Quarters Exceeds $2 Billion
Chinese electronics company TCL Technology on Thursday released its estimated performance for the first three quarters of 2021.
10/15/20213 min read
Faraday Future Employees Decry Bankruptcy Efforts by "Malicious Board Members"
Employee whistleblowers at California-based electric vehicle maker Faraday Future have claimed that four "unqualified" directors are plotting to force the company into bankruptcy, according to a petition Pandaily received from a firm shareholder.
9/22/20223 min read