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The Chinese government announced on Monday that it has launched an anti-monopoly investigation into food delivery giant Meituan, stepping up its campaign aimed at reining in the power of the country’s big tech groups.
A Wednesday report released by Canalys showed that cloud infrastructure services expenditures in the Mainland of China grew 21% year on year to reach $7.3 billion in Q1 2022, or about 13% of global cloud infrastructure spending.
Douyin is advancing a project called "V" that aims to expand the boundaries of live streaming and interaction.
On Wednesday, Shenzhen-based automaker BYD saw its 70,000th all-electric bus, a 13-meter model due for shipment to Sweden, roll off the production line at its Hangzhou facility.
Geely Group's smartphone company is in contact with Meizu, a Chinese smartphone manufacturer, for acquisition. As the transaction has not yet been finalized, the price of the deal has not determined.
On September 28, BYD launched three models for the European market, including Han, Tang and ATTO3 (known as Yuan PLUS in China). The prices for these three models, however, are much higher than those in China.
Chinese e-commerce giant JD.com has reportedly closed its sites in Thailand and Indonesia. In response to a request for comment by Pandaily, the company's spokesperson said that it will continue to serve global markets, including Southeast Asia, through its supply chain infrastructure.
Bilibili, a leading Chinese video streaming platform, on Tuesday published its "2021 Environmental, Social and Governance (ESG) Report."
China’s video streaming platform iQIYI held the Shout out for Love Gala 2021 on Jan. 15, becoming the first platform in the industry to use multi-screen interactive livestreaming.
Moore Threads, a Beijing-based GPU company, announced on December 27 that it had received a B Round of financing worth 1.5 billion yuan ($215.5 million).
ByteDance officially launched the Doubao Vision Understanding Model and announced its price at 1,000 tokens for 0.003 yuan, 85% cheaper than the industry average.
Chinese consumer electronics giant Xiaomi issued a letter to all employees on December 30, announcing that Cui Baoqiu, the former vice president of the group and general manager of the Learning and Development Department, has left for personal reasons.