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Regarding the rumors about "NetEase initiating large-scale layoffs," an insider from NetEase responded: The news is false and it is a normal business adjustment and personnel movement within the company.
In April this year, news emerged that JuneYao Group, a top 500 company in China, has become the actual controlling shareholder of Yudo Automobile. The report was confirmed on September 2.
ATRenew, a leading Chinese platform for pre-owned consumer electronics trading and recycling, announced robust financial results for the fourth quarter and full year of 2024 on March 11, highlighting strong revenue growth and profitability driven by accelerating trade-in services and diversified product offerings.
"Chinese commercial aerospace has ushered in the best development opportunity. It will catch up with the development level of the US within 10 years," said Yang Yiqiang, the first commander-in-chief of the Long March-11 rocket.
Chinese smartphone brand realme released its realme 10 Pro and 10 Pro+ smartphone models globally on December 8. The brand has also announced its new "SPIRE Strategy."
A report released by two Chinese game industry institutions on July 21 showed that from January to June, the actual sales revenue of China's game market was 147.789 billion yuan ($21.84 billion), down 1.80% year-on-year, the first annual decline in recent years.
During the 2024 WAIC, several new features of Kuaishou's products such as video generation large model 'KLING' and image generation large models 'Kolors' were officially released.
Tesla's sales department in China mainly laid off new employees within six months, providing compensation of 0.5N+3.
Stellantis, a multinational automotive manufacturer, announced on July 18 that the company will adopt an asset-light approach to develop its Jeep brand in China.
On July 25, Skyworth VR revealed a new brand called PANCAKEXR and the new PANCAKE 1 series which will be priced from 2999 yuan ($444.55).
The DJI Mini 3 drone previously passed FCC certification, and the new product is expected to be released this month.
Chase Xu, Vice President and Chief Marketing Officer of Shenzhen-based firm realme, acknowledged that the smartphone market is experiencing normal fluctuations at present, but that he is still optimistic in the long run about the smartphone industry.