Alibaba’s Xiami Music First to Offer MQA
Xiami Music, a wholly-owned subsidiary of Alibaba Group, will become the first music streaming service to offer MQA.
7/16/20192 min read
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Baidu Posts First Quarterly Loss Since IPO
This Thursday on May 16, Baidu Inc. released its unaudited first quarter financial results for the quarter ended March 31, 2019.
AI Firm DeepGlint Debuts on Shanghai Stock Exchange
Artificial intelligence firm DeepGlint was officially listed to the Shanghai Stock Exchange on Thursday under ticker symbol "688207," with an issue price of 39.49 yuan ($6.22) per share.
3/17/20223 min read
Tesla's Shanghai Megafactory Energy Storage Construction Plan Approved
Tesla's Shanghai Megafactory project for energy storage has been approved, making it Tesla's first energy storage megafactory project outside the United States mainland.
China's Leading Chipmaker SMIC Sees Q4 Revenue Increase 53.8% YoY
On Thursday, Chinese chipmaker Semiconductor Manufacturing International Corporation (SMIC) released its latest performance report.
2/11/20222 min read
Alibaba-backed Charitable Program Benefits 630K Women of Reproductive Age in Four Years
On the occasion of Mother's Day, members from Alibaba Foundation and Amity Foundation, a public fundraising charity, visited Guizhou province to meet with families who have benefited from "Sprouts on Earth" program.
5/16/20232 min read
Weiye Chen: Xianyu the Third Trillion Worth Platform for Alibaba
The Xianyu 2017 Strategic Conference was held in Beijing on November 16. The company is the third trillion worth platform that Alibaba has developed after Taoba...
11/18/20172 min read
TikTok Owner ByteDance Invests $25M in Self-Driving Startup QCraft: Report
Chinese tech giant ByteDance, owner of TikTok and its Chinese counterpart Douyin, has reportedly invested in autonomous driving startup QCraft Inc.
3/5/20213 min read
Tencent Responds to Reports of $14.5B Stock Divestment Plan
After Tencent clarified rumors that it will sell all or most of its shares in Meituan, there are now market reports that the Shenzhen-based tech giant plans to reduce its stock investments in listed companies by 100 billion yuan ($14.49 billion) this year.
9/2/20222 min read
Xiaomi POCO C40 Smartphone Leaked, Equipped With Non-Qualcomm/MediaTek Chipset
POCO is launched by Xiaomi in overseas markets, among which the C series offers budget models. Leaks show that the POCO C40 will not use a Snapdragon 680 processor or a MediaTek processor.
4/15/20222 min read
EV Maker Xpeng Rakes in $400 Million in Series C Funding, Xiaomi Joins as Investor
Chinese EV upstart Xpeng Motors announced on November 13 the signing of a Series C capital funding of $400 million from a group of strategic and institutional investors.
11/13/20193 min read
iFLYTEK's Liu Qingfeng: Large-scale Models Will Benchmark Against GPT-4 in the Next Year
During the 19th Summer Summit of the 2023 Yabuli China Entrepreneur Forum, Liu Qingfeng, the founder and chairman of iFLYTEK, discussed some updates regarding their large-scale model.