Alibaba to Merge Restaurant Review Business into Map App AutoNavi
Chinese e-commerce giant Alibaba plans to merge its restaurant review business (previously known as Koubei) with its AutoNavi map app.
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“The Bad Kids” May Take Chinese Web Dramas To A New Level
Hopefully, The Bad Kids may take the production quality of Chinese shows to another level. In the suspense drama market competition, the competition may have just begun.
7/16/20207 min read
Nreal Achieves Mass Production of 100,000 AR Glasses
Augmented reality glasses firm Nreal held a ceremony on December 30 to mark the production of its 100,000th pair of glasses, and to officially announce that it has become the first AR brand in the world to reach this milestone.
12/30/20223 min read
Chinese Tech Community in Silicon Valley Faces Dark Cloud of Layoffs
The cumulative number of layoffs in the technology industry so far this year is now estimated to have exceeded 100,000. For the Chinese community, the tide of layoffs in the internet sector has spread anxiety.
Head of Tencent's Animation and Comics Department Replaced
Hou Xiaonan, President of China Literature and Vice President of Tencent's online video division, has reportedly begun to serve as the general manager of Tencent's Animation and Comics Department, reporting to firm COO Mark Ren.
8/5/20223 min read
Huobi Denies Mass Layoffs and Departure of Executives
Reports have emerged claiming that the former CEO and CFO of Huobi, a crypto exchange that has been purchased by a Hong Kong-based investment company, have resigned, and that large-scale layoffs will be carried out. However, this report was then denied by company officials.
10/31/20222 min read
Baidu CEO Robin Li: The Closed-Source Model Will Continue to Lead in Capabilities
In an internal speech, Baidu CEO Robin Li expressed his views on the industry's hot topics such as the choice between open source and closed source for LMs, and whether AI entrepreneurs should focus on models or applications.
Source Code Capital, ByteDance and Meituan Shareholder, Raises RMB Fund Worth $1.1 Billion
Source Code Capital, a Chinese venture capital firm, announced on Monday that it had completed its fifth RMB-denominated fund at over 7 billion yuan (almost $1.1 billion), taking just over three months.
10/11/20212 min read
What Can Luckin Coffee’s Expansion Teach Us About the Changes in Chinese Consumption Patterns?
Luckin Coffee, the company that is mainly known in the West for giving Starbucks a really hard time in China, is more than just another gastronomic novelty, it’s a phenomenon that reveals a lot about the changing nature of Chinese consumption.
5/15/20195 min read
Xiaodu Launches New Products, Including Smart Screen for Family Use
On Tuesday, Jing Kun, Vice President of Baidu Group, General Manager of Baidu Life Business Group and CEO of Xiaodu Technology, released two new smart products: the Tiantian Smart Fitness Mirror and Smart Camera TV V75.
AI Dialogue between CEO of Cheetah Mobile and MIT professor Max Tegmark
“This is the most important conversation of our time, and Tegmark's thought-provoking book will help you join it.” As Stephen Hawking comments on the book Life ...
9/19/20183 min read
TikTok's Sister App Douyin Releases Alpha Test of "Video-Listening Mode"
In its most recent alpha test, ByteDance's Douyin has launched a "video-listening mode", with which users can continue to listen to videos they're watching on Douyin even after they've minimized the program or locked their screen.