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JD.com has no plans for widespread layoffs and is, in fact, continuing to recruit new employees, said an anonymous insider from the company, adding that the total workforce at JD.com presently stands at 590,000.
ByteDance's Douyin, the sister app of TikTok for mainland China, has set up a new branch responsible for local life business in Chengdu, Sichuan Province and has also set up on-demand delivery and community group-buying distribution businesses.
Rumors were spread on Thursday within the Chinese digital community of STEPN Chain that the firm is being forced to exit mainland China. The rumor was confirmed a few minutes after midnight, early on Friday morning.
Apple will officially start mass production of the first generation MR (Mixed Reality) product Vision Pro in December this year, significantly boosting mainland China's supply chain.
On Tuesday, Chinese smartphone brand OnePlus held a press conference to officially launch this year's first flagship device: OnePlus 10 Pro.
S&P Dow Jones Indices (S&P DJI) announced on Monday that Xiaomi is eligible to be included on indices again after it won a court ruling which temporarily lifted a US government investment ban in the Chinese smartphone maker.
News emerged that Chinese EV maker NIO is considering a secondary listing in Singapore as early as this year, as its plans to list in Hong Kong face regulatory scrutiny. NIO said they would not comment on market rumors.
Representatives from Nexperia, a subsidiary of Shanghai-based Wingtech Technology, announced on Monday their acquisition of the largest producer of semiconductors in the UK, Newport Wafer Fab (NWF). Following the agreement’s implementation, the Welsh facility is to be redubbed “Nexperia Newport”.
Chinese technology company Meitu expected to record a net loss of 274.9 million yuan to 349.9 million yuan ($41.1 million - $52.3 million) for the six months ending June 30, 2022. The firm said this is mainly due to the imbalance of purchased cryptocurrencies.
NewBanker, a provider of digital solutions for wealth management, announced on August 24 that it had secured funding from a firm owned by CICC Capital, with Yuanhe Capital as the exclusive financial adviser.
Jonjee Hi-Tech owned by Baoneng Investment Group issued a reply to announcement on receiving a Supervision Letter from the Shanghai Stock Exchange, disclosing the amount of debt and the assets of its holders.
The annual CCTV Spring Festival Gala in China will be broadcast on WeChat Channels, ByteDance's Douyin and Kuaishou, among which Douyin may serve as one of the event sponsors.