Alibaba and Tencent to Open up Services to Each Other
China's two online competitors, Alibaba and Tencent, are gradually considering opening up their services to each other, according to a Wall Street Journal report on Wednesday.
7/14/20212 min read
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Alipay China Changes Legal Representative and Chairman
The legal representative and chairman of Alipay (China) Network Technology Co., Ltd. has changed from Eric Jing, Ant Group’s chairman and CEO, to Ni Xingjun, Ant Group's CTO.
8/2/20222 min read
Ant Group Announces Improvements to Employee Care Plan, Including Higher Housing Subsidy
An internal email of Ant Group was leaked, which showed that all employees of Ant Group in the Chinese mainland will receive a new employee care plan from January 1, 2022.
12/13/20213 min read
Ford Responds to Rumors of Large-Scale Layoffs in China
In response to layoff rumors, on May 10, Ford China stated to the Chinese media that "China is a crucial market for Ford. We remain committed to promoting sustainable development in our business operations in China.
5/10/20232 min read
Chairman of Duoyi Network Reveals Former CEO's Corruption
Duoyi Network, a Chinese online gaming enterprise, on Thursday published an article written by its chairman Xu Bo, accusing former CEO Tang Yilu of corruption.
8/20/20213 min read
Bilibili's "Shiguang Mengxing" Mobile Game to Shut Down
"Shiguang Mengxing", a plot-based mobile game which was distributed by Chinese video streaming platform Bilibili, announced on Wednesday that it will be shut down at 11:00 am on August 8.
New Oriental Education Founder Michael Yu to Possibly Open E-Business School in the Future
Michael Yu, founder of New Oriental Education, revealed that an e-business school may be opened in the future.
6/21/20222 min read
DJI's Pre-IPO Round Oversubscribed by 30 Times with $15B Evaluation
"Now DJI is too popular," says one of the investors involved in this round of DJI financing. DJI has recently released the bidding results for the initial round...
Huawei Won't Give Up Mobile Business or Develop Real Estate: Executive
The United States has created many difficulties for Huawei but they are solvable. Huawei will not give up its mobile phone business nor develop real estate, said Guo Ping, the company's rotating chairman.
8/18/20213 min read
HeyTea Apologizes for Microbial Contamination, Five Rectifications Are on the Way
HeyTea issued an apology for the detection of microbial contamination in beverages sold in Nanjing stores and listed five corrective measures.
Instagram Launches New TikTok Imitator Called Reels
To compete with Chinese short-video app TikTok, Instagram is launching a video-music remix feature, dubbed Reels, which enables users to create 15-second video clips set to music and share them as Stories.
11/13/20192 min read
Former 01.AI Core Member Joins ByteDance's AI Team Amidst 01.AI's Strategic Refocus
In response to the news of core member Huang Wenhao joining ByteDance, 01.AI stated that the company structure has been adjusted recently to focus more on the company's business.
8/29/20242 min read