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Alibaba co-founder Joseph Tsai became the official owner of Brooklyn Nets by acquiring another 51% of its shares and the Barclays Center on September 19, according to Xinhua Sports.
Zhang Yiming, Chinese internet giant ByteDance's co-founder, will step down as chief executive at the end of 2021 to focus on long-term strategy, the biggest management shake-up since the company's launch in 2012.
At NIO DAY on Saturday, Chinese EV maker NIO unveiled its fifth model, the ET5, a mid-size electric vehicle. The vehicle will start 328,000 yuan ($5,145) with deliveries scheduled for September next year.
TikTok's Chinese version, Douyin, has decided to adjust its e-commerce business. In the future, Douyin E-Commerce will focus on online shopping malls and brands.
American news feed website Reddit received $300 million in total in a new round of financing. Chinese tech giant Tencent is the lead investor, contributing half of the total financing.
On March 29, iQIYI became officially listed on NASDAQ with the ticker symbol IQ. At $18 per share, it has raised a total of $2.25 billion. SEE ALSO: China’s Ne...
Alibaba's ARM-based server chip, which has been developing since 2019, has finished tapeout in the middle of the year and may be released in the near future, according to several sources.
Here's this week's roundup of China tech stories. It seems like the more fame you have, the more likely you are to become victim to cyber bullying. Famou...
Chinese short-video app Kwai (Kuaishou) managed to make it to the second place of the ranking with earnings approaching $78 million, a 57 percent year-over-year increase.
Suzhou C*Core Technology Co., Ltd., an embedded CPU design company, was listed on the Shanghai Stock Exchange's STAR Market at an issue price of 41.98 yuan ($6.58) per share.
DP Technology, a micro-scale industrial design platform developer, announced on Monday the completion of round B financing worth tens of millions of dollars.
FLOW, a Beijing-based e-cigarette brand, has decided to discontinue the production of its fruit and all non-tobacco flavored cartridges in the Chinese market beginning July 1, 2022, or after the stock of raw materials is consumed this month.