NIO Denies Plan to Issue Digital Currency
On July 21, Chinese automaker NIO issued a statement asserting that seemingly official reports that the firm will issue a digital currency are false.
7/21/20222 min read
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China Sees Applications for 16,000 Metaverse Trademarks
China National Intellectual Property Administration said that it has received about 16,000 trademark applications related to the metaverse in Chinese and English in its trademark database.
2/21/20222 min read
Chairman of the China Securities Regulatory Commission Dismissed
Yi Huiman was dismissed as the Chairman of the China Securities Regulatory Commission, following a significant downturn in the Chinese stock market in the past week.
2/7/20241 min read
Alibaba and Office Depot Enters Partnership to Serve Small U.S. Businesses
Office Depot, the well-known American office supplies retailer, is joining forces with China's Alibaba Group. Alibaba.com will create a new online destination to access the business's network and serve the needs of small and medium businesses (SMBs) in the United States.
Innovative Technology Company Rokid Unveils Its Latest MR Glasses Rokid Vision 2
On Jan. 15, China’s leading mixed reality (MR) and artificial intelligence (AI) startup Rokid revealed its latest binocular MR glasses, Rokid Vision 2, at Rokid Open Day’s online event.
1/15/20213 min read
JD.com Announces Significant Salary Increase, Frontline Employees' Remuneration to Double Next Year
On December 27th, JD.com announced that starting from January 1st, 2024, the annual fixed salary for front-line employees in procurement and sales departments will increase by nearly 100%.
12/28/20232 min read
HUYA 2022 Q3 Earnings Analysis: Efforts in Technology Advancement, Product Upgrade and Quality Content Help Improve Huya’s Resilience in Uncertain Environment
China’s major game live streaming platform Huya Inc., has announced its third quarter 2022 financial results on November 15. Huya has recorded quarter-on-quarter growth in the total net revenues and net income, with the average mobile MAU of Huya Live increasing steadily to 86 million.
11/15/20225 min read
Sunwoda EVB Completes $886M Financing Round
Sunwoda Electric Vehicle Battery Co., Ltd. (Sunwoda EVB), a subsidiary of Chinese firm Sunwoda, has completed a new round of financing totaling 6 billion yuan ($886 million).
8/17/20223 min read
Xiaomi Confirms Launch of 13 Series Instead of 14 Series
According to a suspected leak of the packaging for a new product, Xiaomi will probably skip its 13 series and release 14 series directly. However, Wang Hua, general manager of Xiaomi's public relations department, denied the rumor.
11/18/20223 min read
Alibaba Registers 1 Billion New ADSs, SoftBank May Sell Shares
Alibaba Group Holding Ltd. has reportedly registered one billion new American depositary shares (ADSs), suggesting that SoftBank Group Corp. may intend to sell some of its shares.
2/7/20222 min read
Crypto Exchange dYdX to Launch Standalone Blockchain Based on Cosmos SDK
Cryptocurrency exchange dYdX announced on Wednesday that it is launching a standalone blockchain based on the Cosmos SDK and Tendermint proof-of-stake consensus protocol.
6/23/20222 min read
OnePlus 10T Smartphone Launched Overseas
Chinese smartphone maker OnePlus postponed its event scheduled on August 3 to unveil the Ace Pro model in China. However, it launched the 10T model for overseas markets yesterday.
8/4/20221 min read