Xiaomi to Enter Japanese Market in 2020
Xiaomi is planning to enter Japan in 2020 by offering their comparable flagships at a lower price point in an effort to displace market leader Apple
11/5/20192 min read
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Esports Startup VSPO Obtains $265M Investment, A Record High
VSPO, a Chinese esports startup specializing in tournaments, venues and production, has obtained a 1.8 billion yuan cash ($265 million) investment from Saudi Arabia’s Savvy Games Group.
2/22/20233 min read
$19M in Assets of WM Motor's Shanghai Sales Subsidiary Get Frozen
Five companies recently applied to Chinese courts to freeze property owned by a subsidiary of electric vehicle firm WM Motor totaling about 130 million yuan ($18.9 million). Legal bodies have now agreed to the appeal.
1/5/20233 min read
ASML Surpasses 1,500 Employees in China
The Chinese division of ASML, a leading Dutch semiconductor equipment manufacturer, announced on September 2 that it employed more than 1,500 employees in the country as of the end of August.
9/13/20223 min read
Tencent Merges Short Video Platform Weishi and Tencent Video
Chinese media outlet LatePost reported on August 8 that Tencent Video and Weishi have started a new round of integration, even while they continue to develop independently.
Tencent Updates Progress of Preventing Minors' Addiction to Games
At the 2021 China Game Industry Annual Meeting today, Tencent revealed for the first time its counter-measures and changes after the government's recent policy regarding the prevention of minors from indulging in online games.
12/15/20213 min read
XPeng's X2 Flying Car to Make Maiden Public Flight in Dubai
XPeng Aeroht, a flying car company owned by XPeng Motors, announced on September 30 that its X2 model has recently obtained its first overseas public flight permit in Dubai. From October 10 to October 14, the X2 will also debut at the 42nd GITEX GLOBAL exhibition and conference.
9/30/20223 min read
ByteDance Launches Hiring Spree in Singapore
ByteDance has launched a hiring initiative in Singapore which recruited at least 100 employees, and has been linked with employees from other global tech giants.
3/12/20201 min read
Hozon Auto Releases $470 Electric Vehicle for Children, Battery Life Lasts 8 Kilometers
Chinese automaker Hozon Auto has released the "Moxiaotong" electric vehicle for children on Wednesday, with a price tag of 2,999 yuan ($470).
12/23/20212 min read
Perfect World Entertainment Rebrands as Gearbox Publishing
Following its acquisition last year of the North American branch of Perfect Worlds by Embracer and its subsidiary Gearbox, the firm announced Thursday that Perfect World Entertainment is to be renamed as Gearbox Publishing.
4/24/20222 min read
Huawei Reports Sales Revenue of 455.8 Billion RMB and Net Profit Margin of 10.2% for First Three Quarters of 2021
On October 29, Huawei released its business results for the first three quarters of 2021. According to the report, the company achieved sales revenue of 455.8 billion yuan during the period, down 32% year-on-year.
10/29/20212 min read
Nongfu Spring, China's Top Bottled Water Producer, Partners with Pinduoduo in Digital Transformation Move
Nongfu Spring and leading e-commerce platform Pinduoduo (PDD), on Aug. 11 announced a strategic cooperation to bring consumers a new shopping experience.
8/17/20203 min read