Nike Run Club to Stop Service in Chinese Mainland Next Month
The Nike Run Club (NRC), a running app owned by Nike, said on Wednesday that it would stop offering its services in the Mainland of China as of July 8, 2022 due to business adjustments.
Tag: #China
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ByteDance's Xiaohe Health Terminates All Patient Communication Groups
On April 28th, all official patient communication groups owned by Xiaohe Health under Beijing-based tech giant ByteDance will cease operations due to business adjustments. In February, rumors circulated that the Xiaohe Health App would be shut down.
4/28/20232 min read
Tencent May Acquire A 10% Stake in Thailand's GMM Music for $70 Million
The Thai entertainment company GMM Music announced that Chinese internet giant Tencent and its music entertainment platform Tencent Music Entertainment will acquire 10% of its shares for $70 million.
6/4/20242 min read
XPeng Motors: Former Employees Fabricated False Information and Will Be Held Accountable
XPeng Motors issued a statement saying that some former employees who have left the company accepted paid interviews from securities firms and fabricated a large amount of false information, and they will be held accountable.
Tencent Releases New-Generation Quadruped Robot
A new-generation four-legged robot developed by Tencent’s Robotics X Lab was released on August 8. Named Max, the new robot shows good maneuverability and can move accurately on complex terrain.
ByteDance's Toutiao Launches Information App
Toutiao, which belongs to Beijing-based tech giant ByteDance, has recently launched an app called "Toutiao Haowai," which can recommend high-quality content to users, and its target is young consumers.
Hong Kong Plans to Allow Retail Investors to Trade Cryptocurrencies
On February 20, the Hong Kong Securities and Futures Commission proposed new rules that would let retail investors trade certain "large-cap" cryptocurrencies on licensed exchanges. This move comes in contrast to mainland China's strict crackdown on crypto trading.
EV Maker Enovate to Raise Over $108M
Enovate, a Chinese electric vehicle manufacturer facing financial difficulties, is set to receive a much-needed infusion of funds through a new round of financing.
3/20/20234 min read
Chinese Team Unveils AI Agent, Manus
On March 6th, coinciding with Apple's new product launch, many people stayed up all night seeking invitation codes for Manus, the world's first AI Agent produc...
Honor to Release Next-Generation Foldable Phone in Q4 With MagicOS 7.0
Honor CEO George Zhao said on August 31 that the Chinese smartphone brand set up an independent team to develop MagicOS at the end of last year, and that this team has now emerged with MagicOS 7.0.
American EV Firm Lucid Motors Launches Recruitment in China
Lucid Motors, an American electric vehicle maker and potential Tesla rival, has commenced a recruitment drive in China.
12/14/20223 min read
Tesla Begins Sale of China-Made Model 3 and Model Y in Canada
Tesla has started selling the Model 3 and Model Y vehicles made in China in Canada, marking the completion of the company's first batch of shipments from its Shanghai factory to North America.