Meituan Reports $28.2B Revenue and $2.45B Net Loss in 2021
Chinese food delivery giant Meituan announced on Friday its audited consolidated results for the year ended December 31, 2021.
3/25/20224 min read
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Chinese Home Appliances Giant Midea to Mass Produce Parts for New Energy Vehicles
Midea Group has announced its foray into the new energy vehicle (NEV) market with plans to produce a range of components and control systems for cars.
5/21/20213 min read
Smart AR Glasses Brand INMO Completes Pre-A Round of Financing, Led by Matrix Partners
INMO Technology, an AR smart glasses brand, has recently completed the pre-A round of financing worth several million yuan. This round of financing was led by Matrix Partners.
11/24/20213 min read
DJI Responds to Falsely Interpreted Report about Layoffs
DJI’s Public Relations Director Xie Tiandi relies to a falsely interpreted report about the company's layoff figure.
Beike Founder Zuo Hui Passes Due to Unknown Illness
KE Holdings Inc. announced that founder Zuo Hui passed away on May 20, 2021 due to something described by the company’s press team as “an unexpected worsening of illness.” The exact illness was not specified.
Binance's BNB Chain Resumes Activity after Exploit Drained $100M
BNB Chain, the native blockchain behind Binance, resumed operations on October 7 after reports indicated a hacker made off with an estimated 2 million BNB tokens by exploiting a vulnerability in the network.
OnePlus 10 Ultra Design Leaked: Periscope Lens and MariSilicon X Chip
Just weeks after Chinese smartphone brand OnePlus released a new model, the OnePlus 10 Pro, news regarding the OnePlus 10 Ultra has now been leaked.
Chinese Super League 2019 Weekly: Guangzhou Evergrande Pull Ahead, Elkeson to Play for China?
Chinese Super League 2019 Weekly: Matchweek 22.
8/12/20197 min read
Home Appliance Enterprise Midea Commences Layoffs in Non-Core Business
A rumor appeared recently that Midea Group, a home appliance enterprise, had begun mass internal layoffs. On May 19, Midea responded that this year, the company has decided to shrink its non-core business and suspend its non-operating investment.
Battery Giant CATL's Q3 Profit Increases by 188.42% YoY
Chinese battery giant CATL disclosed its third-quarter financial report on October 21, showing its revenue reaching 97.4 billion yuan ($13.4 million) in the third quarter and 210.34 billion yuan ($29 million) in the first three quarters.
Meituan Takeout on Chinese New Year’s Eve: Popular Dinners Cost over $315
During the Spring Festival, Meituan Takeout maintained normal operations and allowed customers to make reservations for Chinese New Year’s Eve dinner. Data rele...
AI Startup West Lake Xinchen Searches for CEO to Build Chinese Version of OpenAI
Danny Lan, founder of West Lake Xinchen, an AI service enterprise in China, denied rumors that the company was considering acquisition by Wang Huiwen, one of the first entrepreneurs to aim at creating the Chinese version of OpenAI.