Lenovo, Xiaomi Reportedly Curtail Operations in Russia
Major Chinese tech companies are discreetly pulling back from doing business in Russia under pressure from US sanctions and suppliers.
5/7/20222 min read
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China Proposes Stricter Regulation on Online Gaming, Major Stocks Plunge
China's draft regulations on online games, which discourage daily login rewards and mandate user recharge limits, could significantly impact the profitability of gaming companies.
Taxation Authorities Issue Notices to Celebrities and Livestreamers to Report Tax Problems by 2021
Recently, China’s “livestreaming queen” Huang Wei, better known as Viya, was severely punished for tax evasion.
12/22/20212 min read
ByteDance Renames "Qingtao" to "Douyin Selection", Intensifying Bilibili Competition
ByteDance renames “Qingtao” to “Douyin Selection”, escalating Bilibili competition.
Geely Group to Launch Converged Online Car-Hailing Platform 'Xingfu Qianwanjia'
Geely will launch a converged online car-hailing platform called 'Xingfu Qianwanjia', which means 'bringing happiness to tens of thousands of families' in Chinese.
12/3/20213 min read
Ancient8 Raises $6M to Build GameFi Infrastructure Software
Ancient8, a GameFi infrastructure developer and Vietnam's largest blockchain gaming guild and community, on Thursday announced the completion of a $6 million private round of financing.
6/9/20222 min read
Xiaomi’s Airstar Bank Launches Full Operation of Virtual Banking Services in Hong Kong
Airstar Bank announced on Thursday the official launch of its virtual banking services that encompass savings accounts, time deposits and personal loan products.
6/11/20202 min read
Siemens and XPeng Reach Strategic Cooperation
On April 18, Siemens signed a strategic cooperation agreement with Chinese electric vehicle company XPeng Motors.
4/18/20232 min read
Gay Dating App Blued Aims at $50M US IPO
BlueCity Holdings Ltd, the parent company of gay dating app Blued, submitted a prospectus to the US Securities and Exchange Commission (SEC) today.
6/17/20202 min read
China's October Installed Battery Capacity Totals 30.5 GWh, CATL Ranks First
On November 10, China Automotive Power Battery Industry Innovation Alliance released its monthly data for batteries in October this year. In the past month, China's battery output totaled 62.8 GWh, up 150.1% year-on-year.
Chinese Food Delivery Platforms Embroiled in Controversy Over Responses to Popular Investigative Story
Eleme Inc. and Meituandianping Inc., two of China’s largest online food delivery service platforms, aroused controversy Wednesday after they published statements in response to an investigative story describing the problems that food delivery workers face.
9/10/20206 min read
Asus ZenFone 6 may Come with a Corner Notch
A new leak from the Italian media website HDBlog reveals the outlook of Asus ZenFone 6, which is expected to launch during Mobile World Congress (MWC) 2019 in B...