Keep's Stock Price Falls More than 30%, Hitting A New Low
On January 4th, the share price of leading sports technology company, Keep, fell by more than 30% during trading hours, reaching a new all-time low since its listing.
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Pinduoduo Launches Monthlong Campaign to Promote Reading
Pinduoduo is giving out 50 million yuan ($7.7 million) to encourage book purchases on the e-commerce platform as part of its “Duo Duo Reading Month” campaign to promote reading.
4/20/20213 min read
ByteDance Launches Another Share Buyback, Valuation Declined by 10%
ByteDance, the parent company of TikTok, is allegedly proposing to repurchase approximately $5 billion in shares from investors, a move that would value the company at around $268 billion, according to two sources familiar with the matter, per Reuters.
12/7/20232 min read
BYD and Mercedes-Backed Denza Launches MPV D9 New Energy Vehicle
Denza, a joint venture between BYD and Mercedes-Benz, held a brand launch event on Monday to kick off pre-sale of its MPV D9 new energy vehicle model.
5/17/20222 min read
Li Auto Terminates Contracts with Students Due to Business Adjustment
On Wednesday, some users revealed on Maimai and other platforms that Chinese automaker Li Auto had broken off some contracts in May to enroll students who will graduate in the summer this year.
5/11/20223 min read
Geely's Commercial Vehicle Arm Preparing Capital for Public Listing
Geely's commercial vehicle arm has been considering a public listing plan and will introduce external investors to carry out the move.
4/20/20222 min read
Weibo to Launch Interest-Based Community App "Planet"
China's leading microblogging platform Weibo will launch a new interest-based interactive community app called "Planet", which is a revision and upgrade of its previous app "Planet Video."
WeChat Launches A New Function "Ask" in "Search"
On March 28th, it was announced during the "2023 WeChat Open Class" that WeChat will soon launch a new feature called "Ask a Question" on its search function. This feature encourages users to ask questions and creators to provide answers.
Tencent Tests Car-Hailing Function in WeChat
Tencent recently tested its new car-hailing function under the WeChat mini-program named "Travel Service".
7/21/20222 min read
“Versailles Literature” Trending on China’s Internet: A New Way to Brag
A new, pretentious form of bragging is stirring up controversies among Chinese internet users, as some publish stories that may look like complaints, but often are just thinly-veiled ways to show off.
Chinese Government Issues New Regulation on Automobile Data Security, Requiring Enterprises to Not Collect Data by Default
The Cyberspace Administration of China (CAC) and other departments recently published a document entitled "Several Provisions on Management of Automobile Data Security (Trial)," which will take effect on October 1, 2021.
8/20/20212 min read
Meituan Waimai Apologizes for App's Tech Failure
In response to this morning's "temporary failure of Meituan Zhongbao App", Meituan Waimai said on its official Weibo account that the failure had been completely repaired as of 10:46 a.m.
12/9/20212 min read