Hulu Layoffs Exceed 90% in Beijing
On March 29th, informed sources reported that Hulu, the streaming giant owned by Disney, will lay off over 90% of its staff in Beijing.
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Xiaomi Auto Formally Established With Team of Nearly 300 People
On Wednesday, Lei Jun, Chairman and Founder of Xiaomi, announced via his Weibo account that Xiaomi Auto Co. Ltd has been officially established, with registered capital of 10 billion yuan ($1.5 billion).
9/1/20212 min read
How Social Media is Ruining Our Lives — A Source of Modern Anxiety
“A slut on Tantan, a composed thinker on Soul, a workaholic on Wechat and a cynic poet on Weibo.”
Chinese Provider of Mobile Charging Devices Energy Monster Debuts on Nasdaq as "EM"
Energy Monster, China’s largest provider of mobile charging devices, on Thursday officially listed on Nasdaq under the symbol “EM,” becoming the first Chinese shareable charging devices brand to participate in public trading.
McDonald's Assumes New 'Golden Arches' Name in China
McDonald's name change became an online joke after its announcement on October 25. Records from the Administration of Industry and Commerce show McDonald's chan...
10/28/20177 min read
Alibaba Jack Ma's Promise of 1 Million U.S. Jobs Now in Jeopardy
During the 2018 annual conference of the Boao Forum for Asia (BFA), Jack Ma said that if China-U.S. economic and trade relations deteriorate, the promise he mad...
DJI Introduces First Civilian Cargo Drone for Goods Transport
DJI unveils inaugural civilian cargo drone, embarks on goods transport services.
Chairman Robin Zeng: CATL Is Developing Condensed Matter Batteries
Robin Zeng, Chairman of Chinese battery giant CATL, revealed that in addition to all-solid-state batteries and semi-solid-state batteries, previously unheard-of condensed matter batteries are now under development at CATL.
Mobile Gaming Booms in China Amidst COVID-19
The mobile game industry has arguably become the biggest beneficiary of the COVID-19 outbreak.
Baidu Unveils ERNIE Bot, Share Price Rises More Than 12%
Baidu's ChatGPT-like product ERNIE Bot was unveiled yesterday and subsequently caused huge fluctuations in its share price. Before the Hong Kong stock market opened today, Baidu's share price rebounded. Around 15:00 Beijing time, the share price rose by over 12% to HK $142.8 (about 18.2 $).
Anta's H1 Revenue Surpasses Nike in China for First Time
Anta Sports Products Limited, a prominent sportswear company in China, increased its overall revenue in the first half of the year by 13.8% to 25.97 billion yuan ($3.79 billion), higher than Nike China's $3.7 billion in the same reporting period.
Xpeng Motors Reduces Sales Area by Half to 12 Regions, Transitioning from Direct Sales to Dealership Model
XPeng Motors recently reduced the number of nationwide sales regions. They are also gradually phasing out underperforming directly operated stores and expanding the scale of dealership stores.