Xiaomi’s President of International Business to Join Bytedance as CFO
Shou Zi Chew, who recently left Xiaomi, said he would join Bytedance as CFO in his home country Singapore.
3/25/20213 min read
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Pony Ma and Jack Ma Not Business Gods, Bolstered by an Era of Big Enterprises
2017 will be a milestone in the history of Chinese companies. In April, Tencent ranked among the Top 10 companies in the world by market value. In June, Alibaba...
Bona Film Debuts on Shenzhen Stock Exchange
Shares of Chinese movie producer and distributor Bona Film Group soared by the maximum 44% on August 18, its first day of trading following an initial public offering on the Shenzhen Stock Exchange.
ByteDance's E-commerce Platform Fanno Denies Shutdown Rumors
Fanno, an independent e-commerce platform launched by ByteDance at the end of 2021, is rumored to be shutting down. However, a company spokesperson said that Fanno can still be used as usual.
5/20/20222 min read
CATL to Build North America Battery Plant, Bolstering Tesla Supply
China's leading battery firm, Contemporary Amperex Technology Co., Limited (CATL), is weighing sites across North America for a new battery plant worth $5 billion.
3/21/20222 min read
Huawei Seeks to Build 5G Factory in Europe
Huawei is looking for a site in Europe to build a factory that produces 5G equipment.
2/5/20201 min read
Gaotu Releases Q2 Earnings Report, Plans to Shift Towards Vocational Education
Beijing-based education and training institution Gaotu Group on Wednesday released its Q2 earnings report for the period ended June 30, 2021.
9/23/20213 min read
Chinese Digital Collection Platforms Retreat Under Strong Supervision
Since October, nearly 20 small and medium-sized digital collection platforms in China have issued announcements regarding scale-backs and liquidations, citing industry risks, low growth rates, stagnated development and other reasons.
11/21/20223 min read
Grounded for Playing Video Games? You Probably Just Ruined a Talented Pro-Player
Despite credible evidence suggesting the potential positive effects that games could have on children, reserved Chinese parents do not seem to be fully convinced by these arguments.
3/7/20196 min read
China’s Booming Sci-fi Industry Exceeds 60B Yuan in Revenue
China’s sci-fi industry reached 65.8 billion yuan ($9.8 billion) in revenue in 2019, up 44% year-on-year, according to a report announced on Sunday.
11/2/20203 min read
Chinese Consumer Electronics Manufacturer Meizu to Build 1,000 Stores within Three Years
Meizu, a Chinese consumer electronics manufacturer, announced on December 23 that it will build 1,000 stores in the next three years, covering not only mobile phones and vehicles, but also AR glasses, tablets, watches and smart home appliances.
12/26/20223 min read
Cryptocurrency Exchange KuCoin Raises $150M in Strategic Financing
Cryptocurrency trading platform KuCoin completed a round of financing totaling $150 million. The new investment was led by Jump Crypto, with additional participation from Circle Ventures, IDG Capital, and Matrix Partners.
5/11/20222 min read