ByteDance in Talks to Acquire Ele.me, Acquisition Denied by Ele.me
ByteDance is reportedly negotiating to acquire Alibaba's food delivery platform Ele.me. Ele.me denied the "rumor" on Monday.
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2023 Hurun Global Unicorn List: ByteDance, Shein and Ant Group Among the Top
On April 18th, the Hurun Research Institute published the "2023 Global Unicorn List," which includes non-public companies founded after 2000 and valued at over $1 billion. The valuation calculation for this list was based on data from the end of 2022.
4/19/20233 min read
Belgium Government and Alibaba to Jointly Promote Global Trade Under eWTP Initiative
Liege, Belgium, December 5, 2018 – The Federal Government of Belgium and Alibaba Group Holding Limited announced today that the two will jointly promote inclusi...
Didi Chuxing and Huaxiaozhu Fined 1.41M Yuan Amid China’s Tightening Covid Prevention
Ride-hailing platforms Didi Chuxing and its standalone platform Huaxiaozhu were fined a total of about 1.4 million yuan for insufficiently implementing Covid-19 prevention measures and inadequately supervising their drivers’ behavior.
1/11/20212 min read
NetEase Cloud Music Reaches Strategic Cooperation on Licensing with Warner Chappell Music
NetEase Cloud Music has on Tuesday reached a strategic partnership with Warner Chappell Music on music licensing as well as online karaoke and music IP development.
5/12/20202 min read
German Car Rental Firm Sixt to Buy 100K EVs From BYD
BYD, a new energy giant based in China, announced on October 4 that it has signed a cooperation agreement with Sixt, a leading German car rental company.
10/8/20223 min read
DiDi Robotaxi Service Begins Operation in Shanghai
Didi began its Robotaxi service with on-board drivers and safety control center in case of emergency in designated areas in Shanghai.
6/28/20202 min read
Xiaomi 15 Pro Phone Imaging Specifications Exposed
Xiaomi 15 Pro phone camera specifications exposed: rear 50MP triple camera, main camera using OV50K.
6/11/20242 min read
A Brief Introduction to the Science and Technology Innovation Board
On Nov. 5 2018, Chinese president Xi Jinping delivered a speech at the opening ceremony of the first China International Import Expo in Shanghai. He proclaimed that the Shanghai Stock Exchange is ready to launch the “Science and Technology Innovation Board” with a registration-based system for listed companies.
Alibaba.com Launches "Digital Seaport" Program to Help Cross-Border Merchants
Alibaba.com, a leading e-commerce marketplace operated by Hangzhou-based internet giant Alibaba, recently launched the "Digital Seaport" program, aimed at helping cross-border merchants better cope with the risks and challenges posed by the pandemic.
5/16/20222 min read
Baidu Apologizes for Posting on Behalf of Grieving Father
Recently a murder case under suspicious circumstances broke out on Chinese social media. A nine-year old little girl named Zhang Zixin was killed after being abducted by the two tenants of her family's residence. The two tenants committed suicide after allegedly drowning the little girl.
Customer Success Platform Hokdo Completes Pre-A Round of Financing
Hokdo, a customer success platform based in China, announced on Monday that it had completed a Pre-A round of financing worth tens of millions of yuan.
6/27/20222 min read