Tencent to Continue Layoffs in Second Half Year, Sources Say
Chinese Internet giant Tencent will reportedly continue to cut staff numbers in the second half of this year.
6/23/20222 min read
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Alibaba Invests 40 Million Yuan in Dazhong Chuxing
Shanghai Dazhong Public Utilities (Group) Co., Ltd. announced on Wednesday that Dazhong Chuxing plans to increase capital, enlarge shares and attract a new investor – Alibaba.
11/18/20213 min read
BYD Reaches Strategic Cooperation With Acoustics Firm Goertek Dynaudio for Intelligent Vehicles
On Wednesday, leading Chinese EV maker BYD and high-end loudspeakers supplier Shanghai GoerTek Dynaudio Electronic Technolgy Company held a signing ceremony for a new strategic cooperation between the two firms.
11/11/20212 min read
10 Best Phones With Motorized or Pop-Up Cameras
Smartphone giants such as Samsung, Huawei, Xiaomi, OnePlus, Vivo, and OPPO, have all rolled out awesome pop-up camera phones in 2019.
6/27/20199 min read
Cheese Tea Brand HeyTea Rumored to Have Raised New Funds at a Valuation of RMB 16B
Cheese tea chain HeyTea is rumored to have completed a new round of financing led by Hillhouse Capital and Coatue with its post-investment valuation possibly exceeding 16 billion yuan.
3/23/20202 min read
China VC Weekly: Chip Packaging, EVs and Bone Grafting
In last week’s VC news, integrated circuit chip developer SJ Semiconductor has raised $300 million in a Series C round to expand R&D investment, and more.
10/12/20215 min read
Evergrande Group Investigates Redemption of Investment Products by Executives, Requires Six Executives to Return Funds Within Time Limit
The ongoing storm related to the overdue redemption of Evergrande's wealth management products continues and doubts about the earlier redemption of these products by some of the company's senior executives are immense.
9/18/20213 min read
Renault Teams Up with Alibaba to Sell Cars on Tmall
In 2018, car manufacturer Renault celebrated its 120th birthday. On March 7, Dongfeng Renault held its “Brand Night” in Shanghai and released its “Mid-term Busi...
Alibaba Integrates Domestic and International E-Commerce, Establishes E-Commerce BG
Alibaba establishes e-commerce business group to integrate Taobao, Tmall, international digital commerce group, and other e-commerce businesses.
11/22/20243 min read
Chinese-American Executives of Chinese Semiconductor Makers Face Challenges amid Restrictions from U.S.
The US’s Bureau of Industry and Security added 31 new Chinese entities to an "Unverified List" on October 7, a move that affects fields like electric vehicles, aerospace and even smartphones.
Chinese Regulators Target "Chaotic" Online Fan Culture While Actress Zheng Shuang Faces Probe for Tax Evasion and Fraud
The Cyberspace Administration of China (CAC) recently issued a new notice against what it calls "chaotic" online fan culture.
8/27/20214 min read
Christmas with Chinese Characteristics
“Another excuse to buy gifts!” A Chinese friend replied when I asked about her Christmas plans. In the West, everyone loves Christmas. Christmas Eve and Chr...
12/15/20187 min read