On Wednesday, Chinese social media platform Douban posted pictures on popular microblogging site Sina Weibo, saying it had sued the operator of Weibo for unfair competition.
This week: HSBC joins metaverse race through partnership with The Sandbox, Beijing to launch China's first metaverse-themed fund of funds, Binance leads seed round for social metaverse developer Ultiverse, and more.
Recently, employees of Chinese Twitter-like social media platform Weibo said on a domestic job information sharing platform that their company is laying off a significant number of employees and is even asking some to leave voluntarily.
Leading Chinese microblogging platform Weibo announced on Monday that Zhang Yong, CEO of Alibaba, has resigned from the position of company director with immediate effect.
On Thursday, Galaxy Future, a cloud native basic engine provider established less than half a year ago, announced that it had completed an angel investment round worth tens of millions of dollars.
Chinese Twitter-like platform Weibo announced plans to sell 11 million shares globally through its IPO in Hong Kong, including 5.5 million new shares and 5.5 million sales shares.
Some Chinese netizens expressed frustration online about the failure of WeChat's picture and file transfer function, causing "WeChat collapses" to become a trending topic on Weibo.
In response to a large number of its users complaining about over-decorated scenic spot photos shared on the platform, lifestyle sharing platform Xiaohongshu issued a statement on Sunday apologizing to users.
On Friday, the CAC issued draft guidelines on regulating the recommendation algorithms used by internet service providers, stating that they should not be used to withhold information or manipulate relevant record charts.
China’s twitter-like social media platform Weibo and search engine Baidu have blocked a series of crypto-related keywords, as the government continues putting pressure on the cryptocurrency market.
Following days of social media controversy and heated discussions, Tesla China has responded to allegations of issues regarding the Model 3 braking system.
