Meitu revenue surges while user activity drops.
Meitu's 2017 financial report showed a surge in revenue. The internet business segment achieved full-year gross profit and single quarter net profit. However, u...
3/29/20185 min read
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Alibaba to Launch Product Linking Digital Humans and Devices in Early 2023
Several teams within Chinese tech giant Alibaba are jointly developing a device interaction engine that will be fully taken over by digital humans.
11/8/20223 min read
Crypto Exchange FTX delisting ANC, suspend deposito dan penarikan LUNC dan USTC
<p>Bursa derivatif kripto FTX mengatakan pada 5 September bahwa mereka akan menangguhkan setoran dan penarikan Terra Classic (LUNC) dan TerraClassicUSD (USTC) dan menghapus token Anchor Agreement (ANC) mulai 12 September.</p>
9/6/20222 min read
VSPN Acquires Banana Gaming & Media, Names Sicong Wang as Vice Chairman of Strategy Committee
China’s biggest esports company Versus Programming Network (VSPN) announced Friday that the company has completed its acquisition of Chinese production company Banana Gaming & Media.
French Fashion Brand DESTREE Completes Round-A Financing
Sequoia China announced Thursday that it has led round-A investment in DESTREE, a Paris-based fashion and accessories brand. The specific financing amount was not disclosed.
4/21/20223 min read
Livecast #12: Andy Tian of Asia Innovations, Copy from China, Exporting Live Social Apps Globally
Andy Tian is the founder of Asia innovations group, a company that has a suite of live social apps, e.g. Uplive, Lamour, SupreFans with more than 410 milli...
10/22/202130 min read
Luckin Coffee Completes Debt Restructuring, Emerges From Bankruptcy
Chinese beverage chain Luckin Coffee on Monday announced that the company has successfully completed the restructuring of financial debt and has emerged from bankruptcy proceedings under United States code.
Alibaba Cloud Unveils New AI Model Tongyi Qianwen
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba, on April 11 unveiled its latest large language model, Tongyi Qianwen. The new AI model will be integrated across Alibaba’s various businesses to improve user experience in the near future.
4/11/20232 min read
Tencent Sued over Honor of Kings Game for Alleged Violations of Minors' Rights
Tencent has been sued by a Chinese public interest group on June 1 following accusations of providing "inappropriate content for minors" in its popular mobile game Honor of Kings.
6/2/20213 min read
Yunshang Yuyi Distributed by Tencent Games Stops Suspension of Service
Yunshang Yuyi, a mobile game developed by Seasun Entertainment and distributed by Tencent Games, canceled the original service suspension announcement.
3/30/20222 min read
ByteDance's Video Generation Model PixelDance to be Launched Ahead of OpenAI's Sora
According to the Chinese media Jiemian, ByteDance will soon launch a video generation model called PixelDance, ahead of Sora.
11/15/20241 min read
OnePlus Releases 5T Star Wars Edition
OnePlus and Disney released their cross-border product, a Star Wars branded version of the OnePlus 5T, in Mumbai, India on December 21. The phone, an 8 GB RAM a...