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.
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%.
On August 11th, Huawei denies the rumors that "Huawei intends to promote the independent operation of its Car Business Unit and is currently in close contact with Chongqing State-owned Assets Supervision and Administration Commission for cooperation matters."
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.
On the morning of March 28th, Xiaomi announced on the Hong Kong Stock Exchange that its board of directors awarded a total of 190 million shares of incentive shares to 4,110 selected participants under the share incentive plan on March 27th, 2023.
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.
On March 21st, Kingsoft Office officially released its 2022 financial report. It achieved an operating income of 3.885 billion yuan (about $ 0.56 billion), a year-on-year increase of 18.44%.
Domestic and foreign firms are now eagerly awaiting a resumption of streamlined international business travel to and from China.
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.
LinkDoc Technology Limited, a Chinese medical technology company, updated its IPO application on July 6, planning to list on NASDAQ under the ticker symbol "LDOC".
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.
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.
Let's talk about China's social credit system and its importance to business.