Tencent Ranks First in Revenue Among Global App Providers in 2019
China’s Tencent Holdings Ltd. had the highest revenue among all application providers in 2019, with its major mobile game Kings of Glory gaining wide popularity.
4/13/20202 min read
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Bilibili Obtains Ownership of Comic Platform Youyaoqi
Beijing Siyue Star Network Technology Co., Ltd., an affiliate of Youyaoqi, registered an official change with the country's Industrial and Commercial Administration.
1/20/20222 min read
Alibaba will establish their own shopping mall—“More Mall”
Jack Ma marked the year 2017 as the first year of Alibaba’s retail business. From 2017, Alibaba business empire expands its territory—involved in the convenienc...
Chinese EV Maker NIO Debuts in Hong Kong
On Thursday, Chinese electric vehicle maker NIO successfully listed on the Hong Kong Stock Exchange. The company's ticker symbol is "9866" and the stock closed at HK$158.90 today, after trading as high as HK$169.5.
3/10/20223 min read
Li Xiang Acknowledges Li MEGA's "Appearance Issues" for the First Time
Li Auto will solve the appearance issues of battery electric products while providing users with over 2,000 supercharging stations upon delivery. It hopes to enter the first tier of high-end pure electric products within two years.
Huawei Hubble Invests in Xianpu Gas Technology of Optical Fiber Chemical Industry
Shanghai Xianpu Gas Technology Co., Ltd. on Thursday issued a change to its registration with the Industrial and Commercial Administration.
12/23/20212 min read
Alibaba's YuanjingOS Lays Off Employees: After YunOS, It Also Gives Up on the Metaverse OS
Alibaba YuanjingOS underwent large-scale layoffs. This is another operating system that Alibaba has voluntarily exited from after YunOS.
11/1/20242 min read
Suning’s Stocks Tumble to Six-year Low after Founder Pledges All of the Group’s Shares to Alibaba’s Taobao
All shares of Suning Holdings Group held by chairman Zhang Jindong, his son Zhang Kangyang and Nanjing Runxian have been pledged to Taobao, Alibaba’s e-commerce platform.
12/11/20203 min read
Alibaba Co-founder Lucy Peng Steps Down from Ant Financial
Ant Financial Services Group announced today that Lucy Peng will be stepping down from her role as Executive Chairman of Ant Financial to focus on her new role....
Huawei P50 Pro to Adapt Specialized 5G Communication Phone Case
On Tuesday, a "communication phone case" supporting dual-mode 5G was officially released on Tlmall.com, an e-commerce platform in China. The initial product was made especially for the Huawei P50 Pro model.
5/17/20222 min read
Mobile Game Giant Perfect World Sees Sharp Decrease in Annual Net Profit, Stock Plummets
Perfect World, a leading mobile game company in China, announced a significant decrease in its net profits in 2021.
1/25/20223 min read
Tencent Pours $2 Billion Into Kuaishou
Chinese short-video platform Kuaishou has raised its latest found of financing, to the tune of nearly $3 billion.
12/3/20193 min read