Xiaomi: Why Do We Do VR? Lei Jun Warns that Prepare for at least Five Years
The Xiaomi MiLab published an article titled “Why Do We Do VR?” on its official Weibo account on November 11. The article disclosed some stories behind Xiaomi's...
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Unhygienic Practices in Chinese Five-star Hotels
A Chinese whistleblower revealed a series of unprofessional practices in more than 100 hotels in China. Hidden cameras captured video footage showing the hotel ...
11/18/20185 min read
Tencent Music Announces Financial Results, Pursues Secondary Listing in Hong Kong
Tencent Music Entertainment Group (TME), the leading online music and audio entertainment platform in China, on Tuesday announced its unaudited financial results for the fourth quarter and full calendar year of 2021.
3/22/20223 min read
Didi’s Mini Programs Removed from WeChat and Alipay, Affecting Its Business
After being removed from app stores, Chinese ride hailing giant Didi had its mini program pulled from WeChat and Alipay's platforms.
7/7/20212 min read
Li Auto Reports Decrease of 34.6% in Q2 Net Loss, Expects Q3 Shipments to Top NIO
Chinese electric vehicle manufacturer Li Auto announced its second-quarter financial report on Monday, showing a net loss of 235.5 million yuan, a decrease of 34.6% compared with 360 million yuan in the first quarter of 2021.
8/31/20212 min read
XPeng Announces Global Offering of 85 Million Shares at HK$165 Per Share
Leading Chinese smart electric vehicle maker Xpeng announced on Wednesday the pricing of an offering of 85,000,000 Class A ordinary shares at HK$165 ($21.25) per share which comprises both an international offering and a Hong Kong public offering.
6/30/20211 min read
Baidu to Buy Back Up to $1 Billion Shares As Q1 Earnings Beat Estimates
Chinese search engine giant Baidu Inc. (BIDU) Monday reported a 7% year-on-year decline in its total revenue to 22.5 billion yuan ($3.18 billion) for the first quarter of 2020, beating Wall Street estimates of $3.1 billion.
5/19/20202 min read
Ele.me Announces a New Era for Food Delivery: Drones
Ele.me, the leading food delivery platform in China, announced on Tuesday that the company will put drones to use for food delivery services in Shanghai and lau...
5/31/20183 min read
Huawei Invests in Semiconductor Device Manufacturing, Photoresist and Third-Generation Semiconductor Materials
Shenzhen Habo Technology Investment Partnership (Limited Partnership), belonging to telecommunications and tech giant Huawei, has become a new investor in Suzhou Jingtuo Semiconductor Technology Co., Ltd.
12/6/20212 min read
Baidu's $3.6 Billion Bid for YY Live Could Fail
China’s antitrust regulator is unlikely to approve Baidu’s acquisition of Joy Inc.’s video-based home live streaming business YY Live for $3.6 billion.
10/9/20213 min read
Why are Chinese Tech Firms Taking Over Africa?
In the streets of Nairobi, Johannesburg, Lagos, and other African cities, signs advertising Chinese tech products are not an uncommon sight. In fact, all Chinese tech firms are rushing to get into Africa.
TCL CSOT India Achieves Mass Production in First Line of TV Open Cell
TCL China Star Optoelectronics Technology (TCL CSOT) announced on Wednesday that the first product of India CSOT's TV Open Cell was completed at 11:00 a.m. on ...
6/8/20222 min read