China Literature Plans to Acquire Tencent Animation and Comics' Related Businesses and IP Assets
On December 11th, China Literature announced the acquisition of Tencent Animation and Comics' related business and IP assets for 600 million yuan.
All Posts
Showing 12 of 13064 posts
Alibaba to Donate $18.4M to Equip Chinese Villages With Oximeters
Leading Chinese tech firm Alibaba announced it would donate 125 million yuan ($18.4 million) to equip more than 600,000 village clinics with two oximeters, basically achieving full coverage in rural areas.
1/13/20233 min read
Huawei Vice President Declares: Achieving L4 Autonomous Driving on the Network Before 2025
Recently, the 7th Future Network Development Conference was officially held. At this conference, Peng Song, Senior Vice President of Huawei and President of ICT Strategy and Marketing, delivered a keynote speech. In his speech, Peng Song revealed his predictions on the development speed of autonomous driving.
Faraday Future Shines at CES, Struggles to Catch up With Tesla
Faraday Future announced on January 8 that its FF91 model completed a 250-mile long-distance road test at the Consumer Electronics Show (CES), held annually in Las Vegas.
1/8/20202 min read
Tencent Share Price Falls Below HK$250, A New Low
On October 12, Tencent’s share price fell below HK$250, hitting a new low since November 2018. It fell more than 60% from its historical high at the beginning of 2021 and now only has a market value of only HK$2.43 trillion.
10/12/20224 min read
Perfect World to Release Tower of Fantasy Overseas on August 10
Chinese game developer Perfect World has announced the launch of an overseas version of its open world game Tower of Fantasy on August 10, and the number of pre-registrants globally has exceeded 3 million.
NetEase Games Launches First U.S. Studio
NetEase Games, the online gaming division of Chinese internet technology firm NetEase, announced on Thursday its first studio in the United States, Jackalope Games, which is based in Austin, Texas.
China Launches Five Satellites Aboard CERES-1 Y2 Commercial Rocket
China launched its CERES-1 Y2 carrier rocket designed for commercial use from the Jiuquan Satellite Launch Center in northwest China Tuesday.
12/8/20212 min read
Xiaohongshu Denied IPO Speculation
Despite speculation from Chinese media outlets focusing on IPO news, Xiaohongshu has denied any immediate plans to go public.
As Chinese Tech Companies Rush to IPO, What Can Indian Unicorns Learn?
In 2018, a record number of Chinese companies listed on US exchanges. Investors the world over watched with intent as China’s economic transformation entered a new era. Chinese executives gleefully rang the opening bell at NYSE or NASDAQ on a seemingly constant basis.
China Strengthens Data Supervision of Car-hailing Platforms
China's Ministry of Transport issued a document on July 22 requiring the transportation authorities of all cities to collect license information of car-hailing companies and their vehicles and drivers for real-time sharing.
7/22/20222 min read
Alibaba Reveals Investment Details in Moonshot AI: $800 Million to Acquire 36% Stake
As of the fiscal year ending March 31, 2024, Alibaba invested a total of approximately $800 million to acquire about 36% equity stake in Moonshot AI as a preferred stock investment.