Kuaishou Aims to Conquer U.S. Market with New App
Kuaishou, China's second-largest short-video startup, marched to the US market during the COVID-19 pandemic with its new app "Zynn".
6/1/20202 min read
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Hesai Technology Begins Mass Production of Fourth-Gen LiDAR Chip Platform
Hesai Technology, a Chinese LiDAR manufacturer, announced the mass production of its fourth-generation chip architecture platform on February 26.
Tencent and Paytm to Invest Over $100 Million in Indian Streaming Service MX Player
Tencent, the company behind WeChat, China’s biggest social network, and India's leading mobile payment service company Paytm are planning to invest over $100 million in Indian video and audio streaming platform MX Player.
7/5/20192 min read
Marching Power Raises over $78 Million in C Round of Financing
Marching Power, a Chinese power chip design company, recently completed the C round of financing exceeding 500 million yuan ($78.51 million).
12/16/20213 min read
JD.com Unveils Third Quarter Results for 2021
JD.com announced its financial report for the third quarter of 2021 on Thursday. Its net revenue in this quarter was 218.7 billion yuan ($33.9 billion), a year-on-year increase of 25.5%.
11/18/20214 min read
Tencent Music Debuts IPO at NYSE
Tencent Music (TME), the music streaming subsidiary of the China tech giant Tencent Holdings Ltd., raised $1.1 billion in its U.S. initial public offering (IPO)...
France to Remove Huawei Gear from Next-Generation 5G Network by 2028
French authorities have warned local telecommunication providers to stop renewing contracts with Huawei after the end of their leases. The licenses granted for Huawei equipment would not be renewed thereafter.
Chinese Online Teaching Platform Spark Education Files for Nasdaq IPO
On June 21, China's largest online small-class education firm, Spark Education, submitted a prospectus to the US Securities and Exchange Commission, applying to list on the Nasdaq under the stock code “SPRK”. Underwriters include Credit Suisse, Citigroup, CICC, Futu Securities and UP Fintech Holdings.
Bilibili Launches Livestream Recruitment Program to Connect Employers with Young Talents
Chinese ACG themed video-sharing site Bilibili launches Campus Recruitment Express.
10/23/20202 min read
Xiaomi Auto Strives to Rank in Top Five Worldwide
Lei Jun, the founder of Chinese consumer electronics maker Xiaomi, said on the company's most recent Investor Day that a quarter of his time was spent on mobile phones, IoT, and high-end involvement, half on cars and a quarter on other things.
2/13/20233 min read
NetEase Cloud Music Sues Tencent Music for Alleged Unfair Competition
The music unit of Chinese internet technology company NetEase said Wednesday that it has initiated legal proceedings against Tencent Music Entertainment alleging unfair competition.
4/27/20222 min read
The Underdog Province Catching Up With China’s Tech Boom
As the number of urban factory workers in Fujian is dwindling, having fallen 22% between 2012 and 2016, the region is faced by the daunting challenge of repositioning itself on the industry specialization spectrum.