Suning.com Smashes Bankruptcy Rumors on Heels of $644.68 Million Q3 Net Loss
Suning.com has reported the incident to public security officials, and the rumormongers will be investigated for legal responsibility according to law.
11/16/20212 min read
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Douyin and TikTok Garner $277M in May Revenue
Mobile app data analysis firm Sensor Tower released a report Thursday claiming that in May, TikTok and its sister app for mainland China, Douyin, earned more than $277 million from the App Store and Google Play.
TikTok to Launch 300 Delivery-Only Digital Restaurants Across U.S.
The popular short video sharing platform TikTok will cooperate with Virtual Dining Concepts to launch TikTok Kitchen, to provide food delivery services in the United States from March 2022.
12/20/20212 min read
NetEase Cloud Music Obtains More Music Copyright, Reaching Cooperation with Fenghua Qiushi
NetEase Cloud Music announced that it has reached a strategic cooperation agreement with Fenghua Qiushi, a well-known Chinese music company.
11/30/20212 min read
CAICT: 35.3 Million Smartphones Shipped in November, Increase of 19.2%
According to the China Academy of Information and Communications Technology (CAICT), the number of smart phones shipped domestically in November totalled 35.252 million, a 19.2% year-on-year growth.
12/13/20212 min read
Shanghai's Adjusted Free EV License Plate Policy to Affect BYD and Huawei-Backed AITO
On October 10, Shanghai authorities issued a new policy regarding new energy vehicles. From January 1, 2023, consumers who buy plug-in hybrid vehicles (including extended-range models) will no longer enjoy the benefits of free license plates.
NetEase Acquires French Game Developer and Publisher Quantic Dream
NetEase, a leading internet technology company based in China, announced on August 31 that its games division, NetEase Games, has acquired French game developer and publisher Quantic Dream S.A.
Former Tencent Games Designer to Build Cars Equipped With Game Console Concept Steering Wheel, Unveiled at Next Week's Auto Guangzhou
On Tuesday, Qingcheng Times (Shenzhen) Technology held a brand launch conference in Beijing, with core team members appearing.
11/11/20212 min read
JD.com Closes Down Australia Office Just Over a Year After Opening
China's second largest e-commerce company JD.com quietly closed down its office in Melbourne after a little over a year of operation, putting the company's CEO Liu Qiangdong's ambitious expansion plans into the southern hemisphere on hold.
5/9/20192 min read
On-demand Delivery Firm Dada Group to List on Nasdaq Early this Month
With continuous increase in its net revenue, on-demand delivery firm Dada Group launched its IPO process on Nasdaq, hoping to expand.
6/1/20202 min read
J&T Express Acquires Best Inc.'s Express Delivery Business in China for $1.1 Billion
J&T Express and BEST Inc. reached an agreement on Friday to acquire the latter's express delivery business in China at a price of $1.1 billion.
10/29/20213 min read
J&T Express Caught in the Waves of Lost User's Valuables
J&T Express, an express logistics company, was trending on Twitter-like Weibo on Friday because it had lost one user's graduation documents but was only willing to compensate 10 times the freight fees.
5/13/20223 min read