Featured Archives - Page 11 of 108

Renewal of Deal Between Blizzard and NetEase Breaks Down

Two months after the announcement of a game license termination between NetEase and Blizzard, both parties confirmed that negotiations had failed and they would not renew their contracts.

Didi Resumes New User Registration After Lengthy Review by Chinese Authorities

After over a year of being reviewed by Chinese regulators, online ride-hailing platform Didi officially announced on January 16 that it has resumed new user registration.

Chinese TV Series Based on “The Three Body Problem” to Premiere Sunday

A Chinese-made TV show adapted from "The Three Body Problem," a popular sci-fi novel series that won its author Liu Cixin a Hugo Award in 2015, is set to premiere on January 15 on CCTV, Tencent Video and Migu Video.

Social Deduction Game “Goose Goose Duck” Denies Being Distributed or Acquired by Tencent

After "Goose Goose Duck," a social deduction game produced by Gaggle Studios, became popular in China, its server crashed repeatedly and the firm had to halt service to carry out maintenance.

DJI Unveils New Travel Stabilizer RS 3 Mini for Mirrorless Camera Products

DJI, a Shenzhen-based civilian drones maker, on January 11 introduced the DJI RS 3 Mini, a lightweight handheld travel stabilizer developed specifically to support today's mainstream brands of mirrorless cameras and lenses.

Pfizer to Provide COVID Pill Paxlovid to China in First Half of 2023

Albert Bourla, the CEO of US pharmaceutical giant Pfizer, said that the company is working with Chinese partners to provide Paxlovid, a COVID-19 pill developed by the firm, to China from the first half of this year.

ByteDance’s Feishu Shifts Focus to Global Market

The management team of Feishu, an office communications platform owned by ByteDance, revealed at a recent internal meeting that the product's domestic business operations in China will soon no longer be profitable, and its focus will shift to overseas markets.

BYD Unveils Two Models Under High-End Yangwang Brand

On January 5, BYD's new luxury electric vehicle brand Yangwang, which had been promoted by the firm for a long time, was officially unveiled. During a media event, the new U8 sports utility vehicle and U9 pure electric supercar were shown.

Chinese Residents Flock to Health Apps in Bid to Obtain COVID-19 Meds

Recent weeks have seen soaring COVID-19 cases across China, pushing many people to various domestic health platforms in an attempt to purchase coveted antiviral medication and fever-reduction pills.

BYD Reportedly Sets 2023 Sales Target of 4 Million Vehicles

News emerged on January 3 that Wang Chuanfu, the chairman of Chinese automotive giant BYD, has set a goal of selling a total of 4 million vehicles in 2023. In response, BYD said that due to the continuing pandemic, it is difficult to set a precise sales target for this year.

ByteDance Initiates Layoffs for 10% of Staff

Chinese tech giant ByteDance has launched a round of layoffs covering about one-tenth of its employees, mainly affecting staff members focused on R&D, products and operations.

Tesla to Unveil Prices of Model S/X Plaid Models in China on Jan 6

Tesla announced on December 30 at an automotive expo in Guangzhou that the prices of its Model S Plaid and Model X Plaid in the Chinese market will be unveiled on January 6, 2023.

Alibaba Reshuffles Cloud Business and DAMO Academy

Chinese tech giant Alibaba announced a new round of organizational restructuring on December 29. Daniel Zhang, Chairman and CEO of Alibaba, sent an email to all employees, setting the keyword for 2023 as "progress."

Tom Zhu Steps Down As Legal Representative of Tesla China Subsidiary

Tesla's China chief Tom Zhu stepped down as legal representative of Tesla (Shanghai) Co., Ltd., but will remain its chairman. This may be another signal that Zhu is fading out of Tesla's business in China.

China to Drop COVID-19 Cross-Border Travel Restrictions

China's National Health Commission announced in a statement on December 26 that mandatory testing and quarantine for international arrivals will be canceled and Chinese citizens' outbound tourism will be resumed in an orderly manner.

Chips Shortage Fuels Wave of Smuggling Attempts Into China

Affected by the pandemic and global logistics complications, computer chips have become the latest precious cargo for smugglers entering China.

ByteDance Adjusts Games Business, Establishes ONE Publishing Studio

ByteDance's games business has recently adjusted its organizational structure, as its original Chinese and global distribution studios have now merged into a new entity called ONE Publishing Studio.

Tencent Founder Pony Ma Emphasizes Costs and Efficiency, Points Out Severe Internal Corruption

Tencent recently held an online internal staff meeting to discuss reducing costs and increasing efficiency. About 100 employees attended the meeting, during which firm founder Pony Ma delivered a sharp speech, pointing out the problems with the company's internal management.

NIO CEO William Li Apologizes for User Data Leakage

Long Lu, Chief Scientist at NIO, issued a statement on December 20 confirming the recent theft of user data and the extortion of $2.25 million in bitcoin. In the evening, William Li, the founder, chairman and CEO of the firm, apologized for the incident.

Huawei Aims to Achieve Profitability of Auto Business in 2025

During an internal Huawei meeting on December 8, Richard Yu, the head of the firm's consumer and automotive units, said that vehicle operations should become profitable in 2025.

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