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Chinese online tutoring firm Gaotu briefly disclosed its recent operation in a letter published on its official WeChat account on Monday. On Tuesday, the share price of Gaotu closed at $3.625/share, with a total market value of $929 million.
A subsidiary of Chinese new energy vehicle firm XPeng Motors announced on Wednesday a new patent entitled "Virtual Reality-Based Scene Display System, Method and Vehicle."
Xiaomi has developed the first 3nm mobile system-level chip in China, which will be used in flagship smartphones.
Huang Qifan, vice chairman of CCIEE, firmly holds that China's central bank is close to developing its blockchain-based financial technology and will be the first to officially roll out a usable digital currency.
The Paper has learned from the team of Xiaohongshu (aka Red) that the app has been re-launched in several Android app stores.
Chengdu Public Security Bureau released an announcement on November 22, stating that Chen (male, 39 years old) is suspected of running a gambling establishment.
On May 17th, at 10:49 am, China successfully launched the 56th BeiDou Navigation Satellite (GEO-4) using a Long March-3B carrier rocket at the Xichang Satellite Launch Center.
On January 17, Chinese smartphone maker Honor announced that George Zhao, its CEO and board member, had resigned.
The International Olympic Committee (IOC) has granted authorization for a limited series of digital mystery toy boxes themed on this year's official Olympic mascot, Bing Dwen Dwen, to be put on sale at 1:00 a.m. on February 12.
Blued, China’s largest gay-dating app for men, is planning a US IPO that could raise about $200 million.
Qidi, a smart glasses manufacturer, announced on September 13 that it has completed an angel round of financing totaling 100 million yuan ($14.4 million), with investment from Joy Capital, Matrix Partners and Meridian Capital.
With increasingly fierce competition in the Chinese tea-based beverages market, more and more domestic enterprises are turning their attention overseas.