Didi Forays into Logistics with New Shipping Service
In preparation for entering the freight logistics market, Didi has started recruiting truck drivers in May.
6/8/20202 min read
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Pinduoduo Reports Big Wins and Losses in the First Post-IPO Report Amidst Counterfeit Goods Scandal
After going public in July, the e-commerce giant Pinduoduo Inc. (PDD) released its first quarterly report on Aug. 30, showing some big gains and even bigger los...
8/31/20183 min read
Qudian Founder Luo Min Withdraws From Douyin and Weibo
Luo Min, the founder and CEO of Chinese tech firm Qudian, changed his Douyin account name on August 2 to "Qudian Precooked Dishes." Moreover, all videos related to Luo Min on the account were deleted.
China Esports Weekly: Former League of Legends Player Uzi Joins Elephant Goose Media, Tencent Announces $260K Teamfight Tactics Competition
As the traditional Chinese New Year celebration comes to an end, this week, the Chinese esports industry witnessed several partnerships and key developments in leagues and tournaments.
3/5/20214 min read
Ningbo Shanshan and Keda Industrial Set for Swiss Listings
Ningbo Shanshan, a lithium battery company, and Keda Industrial, a building materials machinery company, announced that they will be part of the first batch of RMB ordinary-share (A-share) companies to be listed on the Swiss Stock Exchange.
7/25/20223 min read
JD.com Sees Stock Price Drop 11% after Releasing Financial Report
On March 9, Chinese e-commerce giant JD.com released its financial results for the fourth quarter and the whole year of 2022. Although the report shows that its overall profitability has improved, its share price fell 11.28% to close at $41.68.
Alibaba Group Announces Revenue of $33.9 Billion in Latest Quarterly Results
China’s tech giant Alibaba Group (NYSE: BABA and HKEX: 9988) today announced its long-waiting financial results for the quarter ended Dec. 31, 2020.
Top Livestream Salesman Li Jiaqi Records $1.7 Billion in Sales in First 11.11 Livestream, Viya Follows
Taobao's anchor sales list showed that the final sales of Chinese livestream salesman Li Jiaqi on the first live-streaming event of this year's 11.11 Shopping Festival reached 10.653 billion yuan ($1.7 billion).
10/21/20212 min read
Who Is Still Supporting Tarnished Superstar Kris Wu?
Arguments from Wu’s supporters held firm even after the superstar’s detention. They represent some of the recurring voices against China’s feminist movement in general.
Bilibili Unveils "Xiaohuangche" Enabling Users to Shop When Watching Live Streams
Bilibili was preparing to launch its "Xiaohuangche" function on its live-streaming channel. The feature will enable users to buy goods while watching a live-stream.
12/7/20213 min read
ByteDance Pursues Further Layout in Medical Field
ByteDance's healthcare business is stepping into an accelerated period of resource integration, and a huge healthcare ecosystem is slowly forming.
10/2/20223 min read
Magic Eden Submits Proposal to Build NFT Marketplace for ApeCoin
NFT marketplace Magic Eden has submitted a proposal to ApeCoin to build an "ApeCoinDAO" marketplace, to serve as the home for $APE holders to buy and sell ApeCoinDAO NFTs, including but not limited to BAYC, MAYC and BAKC.
8/10/20223 min read