China’s Huawei and OPPO Rank Top 5 Among Corporate Patent Filers in 2019
China surpassed the United States and became the world’s top filer for international patents in 2019.
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Hong Kong Plans to Allow Retail Investors to Trade Cryptocurrencies
On February 20, the Hong Kong Securities and Futures Commission proposed new rules that would let retail investors trade certain "large-cap" cryptocurrencies on licensed exchanges. This move comes in contrast to mainland China's strict crackdown on crypto trading.
Beike Announces Third Quarter 2020 Unaudited Financial Results
Beike (KE Holdings Inc.), a housing transactions and services platform in China, announced its unaudited financial results for the third quarter ended Sept. 30, showing robust financial and operational growth in the third quarter.
11/17/20203 min read
Leadership Transition at Warburg Pincus China, President Wei Zhen Steps Down
On December 4, Warburg Pincus officially announced that Wei Zhen will step down as the President of Warburg Pincus China. Fang Min and Zhou Lang will assume the roles of Co-Presidents of Private Equity Investments in China for Warburg Pincus.
12/5/20233 min read
Kuaishou Resumes Links to Taobao and JD.com to Boost Double 11 Traffic
Taobao and JD.com, two of China's leading e-commerce platforms, have recently announced the resumption of links connecting them with short video platform Kuaishou, mainly aiming at the annual Double 11 Shopping Festival.
10/31/20222 min read
Mi Camera Glasses Add Animal and Plant Recognition Function
Mi Camera Glasses, a product of Xiaomi’s Mijia ecosystem, announced over-the-air upgrades on September 10, providing support for new functions such as animal and plant identification.
9/13/20222 min read
Xiaomi Rumored to Conduct Layoffs and Concentrate Effort in Automotive Sector
Several Xiaomi employees recently wrote on Chinese career and social networking platform Maimai that during a product launch conference on December 11, roughly 6,000 employees received notices of being laid off.
12/19/20224 min read
Meituan Dianping Enters Unmaned Delivery, Recruits for 100 Positions
Meituan Dianping is recruiting for unmanned vehicle delivery and UAV delivery. When recruitment is complete, its unmanned delivery department is expected to rea...
Ride-Hailing Platform Dida Chuxing Responds to Female Passenger Jumping During Ride, Driver Suspended From Taking Orders
Dida Chuxing, a Chinese online ride-hailing platform, responded on Wednesday to a dispute between a female passenger and one of the company's drivers.
11/18/20212 min read
Baidu to Speed up Installation of Apollo Self-driving System in Mass-produced Cars
Chinese search engine and AI giant Baidu Inc plans to have its Apollo autonomous driving system pre-installed in at least one mass-produced car model each month in the second half of 2021.
iQiyi CEO Gong Yu Cancels Platform's Idol Talent Programs and Offsite Voting for Next Few Years
Gong Yu, CEO of iQiyi, said at a symposium organized by the China TV Artists Association (CTAA) on Wednesday that iQiyi has cancelled its idol talent show and any offsite voting features on the platform for next few years.
8/26/20213 min read
TikTok and Sister App Douyin Exceed 3.3 Billion Downloads Worldwide, Generating Nearly 1000 Related Apps
TikTok and its sister app for the Chinese mainland Douyin, operated by Chinese Internet giant ByteDance, have accumulated approximately 3.3 billion installations in the global app stores.
11/25/20212 min read