Meituan Dianping Q2 Revenue Surges 8.9% to $3.58B, Beats Estimates
Meituan Dianping reported a revenue of 24.72 billion yuan ($3.57 billion) in the second quarter of 2020, surpassing the 23.48 billion yuan average estimates.
8/24/20202 min read
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Michael Yu Increases Shareholding in Koolearn
Michael Yu acquired another 1.429 million shares of Koolearn, an online education company under New Oriental Education, at an average price of HK $6.95 per share.
11/22/20212 min read
U.S. Startup Nuro Unveils Unmanned Delivery Vehicle With Chinese Partner BYD
American robotics company Nuro issued an announcement on Wednesday regarding its third generation of pure electric driverless delivery vehicles, jointly designed and developed alongside Chinese automaker BYD.
1/13/20222 min read
ByteDance Is Actively Developing Multiple AI Products
ByteDance is actively engaged in the secret development of various products in the field of AI large models, including multimodal digital human offerings, as well as AI-generated image and video solutions.
2/29/20244 min read
Xiaomi will Build Its Third Handset Plant in India
According to foreign media reports, Xiaomi, which has had two smartphones factories in India, will build its third smartphone factory in India, as well as build...
AI startup Singularity Systems Receives Investment in Round A+ Financing
AI application company Singularity Systems Inc. announced on Friday it has received investment of tens of millions of dollars in an A+ round of financing.
12/24/20212 min read
NetEase-backed LOFTER's Avatar Generation Function Triggers Infringement Dispute
LOFTER, a life-sharing community owned by Chinese tech giant NetEase, recently launched an "avatar generator" function for testing, but was immediately met with controversy as several parties claimed infringement of intellectual property rights.
Lionsgate Opens ‘Hunger Games’ And ‘Twilight’ Theme Park In China
Universal’s Marvel and Harry Potter themed amusement parks are old news, and will now have to step aside for China’s Lionsgate Entertainment World. The park opened its gates to the world for the first time on July 31.
8/1/20195 min read
WeChat Channels Live E-Commerce Team Merges Into the WeChat Open Platform Team
On May 28th, WeChat issued an internal announcement that the WeChat Channels live e-commerce team has been reorganized.
Alipay Launches International Version to Ease Access for Foreign Users
Ant Financial has announced that their market leading payment platform is now available for all foreign users to pay in China.
11/5/20192 min read
EV Maker BYD's e-Platform Achieves Full Model Coverage
Chinese manufacturing company BYD recently announced at an investor relations event that BYD Dolphin, an electric subcompact hatchback and the first model of its Ocean series, has been launched on the e-platform 3.0.
9/28/20212 min read
Travel Agency Tuniu Loses $29.5 Million in Q1 As It Struggles to Stay on Nasdaq
Tuniu Corp. (TOUR) reported Wednesday a net loss of 201.5 million yuan ($29.5 million) on revenue of 174 million yuan, a year-on-year decrease of 61.9%, in Q1 2020.
6/12/20203 min read