U.S. Software Giant SAS Exits China, Lays Off 400 Employees
On November 4 — U.S. software giant SAS Institute has announced its complete withdrawal from the Chinese market after 25 years of operation, laying off all 400 ...
Tag: #business
Showing 12 of 17 posts with this tag
Country Garden’s Offshore Debt Restructuring Plan Approved, Expected to Cut Debt by Over $11.7 Billion
Country Garden, one of China’s largest private property developers, announced that its offshore debt restructuring plan was successfully approved at a creditors...
Kimi Nears $600 Million Funding Round, IDG Reportedly to Join
Chinese AI startup Moonshot (developer of the large language model Kimi) is reportedly finalizing a new funding round of about $600 million, valuing the company...
Apple CEO Tim Cook Visits China: Receives Custom LABUBU Doll and Hosts First Livestream Sales Event
On October 13, 2025, Apple CEO Tim Cook kicked off his visit to China, starting with a stop at the THE MONSTERS 10th Anniversary Exhibition in Shanghai. There, ...
10/14/20252 min read
OPPO Plans to Withdraw Smartphones Business from Germany and UK
On March 27th, it was reported that OPPO smartphone's European business is planning to withdraw from Germany and Britain, leaving only a small division to handle basic business needs. Meanwhile, the company's operations in Italy, Finland, Spain and France continue to grow.
Alibaba International Surpasses Expectations: Earnings Report Reveals Impressive Growth under Jiang Fan
On August 10, Alibaba Group released its financial report for the three months ended June 30, 2023, delivering a solid quarter marked by revenue of $32 billion, representing a year-on-year growth of 14%.
Alibaba Group Announces Offering of $5B Senior Unsecured Notes
On Feb. 5, China’s tech giant Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988) announced the pricing of an underwritten registered public offering of $5 billion senior unsecured notes, per Business Wire.
2/5/20212 min read
Insiders Debunk Rumors of Tencent's Entry into the Real Estate Industry
On July 26th, Tencent underwent a business change, with the addition of real estate development and operation as a licensed business project in its scope of operations, and non-residential real estate leasing as a general business project.
Huawei Could Integrate its Consumer Business Group and Smart Car Solutions Business Unit
Huawei is rumored to be reorganizing and consolidating its consumer business group and intelligent automobile solutions business unit under the leadership of Chengdong Yu, CEO of the Huawei consumer business group.
11/16/20202 min read
Douyin Denies Giving up the Food Delivery Business
Regarding the media report "Douyin abandons food delivery," Douyin stated that this information is untrue, and its group purchasing and delivery business is operating normally.
Life-sharing Platform Xiaohongshu Releases Community Guidelines for Businesses
Xiaohongshu, a life-sharing platform, released on Friday a set of Community Guidelines for Businesses, setting out a code of conduct for merchants and brands to keep the platform an authentic space with transparent engagement.
5/6/20223 min read
2020 Social Credit System: Why It Matters To Businesses
Let's talk about China's social credit system and its importance to business.
7/20/20206 min read