Internet company Archives

Douyin Guides Merchants to Invest in Local Life Services Livestreaming

Chinese tech giant ByteDance is turning to the local life services field. Merchants who joined Douyin, the Chinese version of TikTok, have been greatly influenced by the platform.

ByteDance to Continue Making Structural Adjustments

Liang Rubo, CEO of Chinese internet technology company ByteDance, said at the All-Hands employee meeting held on December 14 that the company would continue to make structural and personnel adjustments, which will be mild.

Tencent WiFi Manager to Halt Operations on Dec 1

Tencent launched a public hotspot sharing software several years ago called Tencent WiFi Manager, allowing users to quickly connect to public wireless networks without a password. On November 5, the firm's software team announced that it will officially stop services from 0:00 on December 1.

BOSS Zhipin to Implement New Merit Pay System

Chinese online recruitment platform BOSS Zhipin will implement an internal "361" merit pay appraisal system, and the bottom 10% of employees may be fired.

ByteDance Updates Corporate Culture

Liang Rubo, CEO of Beijing-based tech giant ByteDance, issued an internal letter on Wednesday night regarding "ByteStyle."

Internet Firm 2345 Network Sets Up Partnership With CATL

Shanghai-based internet company 2345 Network Holding Group announced on Thursday that its wholly-owned subsidiary has recently invested in a partnership alongside institutions such as battery giant CATL and Guoce Capital.

NetEase Launches Video-Based Social Media Site Biying

Hangzhou-based internet technology firm NetEase has recently launched what has been referred to as an "emotional video interactive product" called Biying.

Baidu Launches Audio-Based Social App for Strangers “Haiquanquan”

Internet technology giant Baidu has recently launched a new stranger-oriented chatting app named "Haiquanquan."

Founder of Internet Firm Sohu.com Denies U.S. Delisting Rumors

Charles Zhang, the founder, chairman and CEO of Chinese internet company Sohu.com Limited, on Monday denied rumors of the company's required delisting from U.S. stock exchanges.

Qihoo 360 Denies Rumor of Disguised Layoffs

Reports surfaced Monday suggesting that Chinese internet security firm Qihoo 360 has recently laid off employees from several departments in a disguised manner.

Beijing Regulators Ban Forced App Downloads by Internet Firms

China's MIIT published a document in response to complaints from web users and media reports that some websites compel users to download an app while browsing the page.

NetEase Launches AI Music Creation Platform “Tianyin”

Chinese internet technology firm NetEase recently launched what it calls the world's first one-stop music creation AI platform, dubbed "Tianyin" (天音 Tiānyīn).

ByteDance to Disband Investment Team

Chinese Internet company ByteDance plans to disband its investment business as a whole, involving about 100 employees.

Snapshots of China’s Internet Sector in 2021

In December, people's social media was flooded with two explosive pieces of news: the massive layoffs within China’s Big Tech and the improvement of employees’ welfare.

Baidu to Release Metaverse Product “Xirang”, AI Developer Conference to be Held Inside

Baidu announced on Friday that it will release its Metaverse product "Xirang" on December 27 and hold the upcoming Baidu AI Developer Conference in the new APP.

Alibaba Responds to Establishment of “Yuanjing Shengsheng”: Future Business Related to Metaverse

According to enterprise information inquiry platform Qichacha, Chinese e-commerce giant Alibaba set up a wholly-owned subsidiary called "Yuanjing Shengsheng" on Monday.

Alibaba CEO Zhang Yong Decentralizes Power Within Firm

People familiar with the matter have indicated that Zhang Yong, CEO of Alibaba Group, is delegating power to the heads of various business departments of the company.

Enterprise Training SaaS Firm CoolVision Technology Wins Several Hundred Million Yuan in B-Round Financin

The round was led by Source Code Capital and Cathay Capital Private Equity, followed by Qiming Venture Partners, Yunqi Partners and Toutoushidao Capital.

Baidu Appoints Luo Rong, Former Executive of Tutoring Firm TAL as New CFO

Chinese internet and technology giant Baidu said on Monday that it has named Luo Rong, former chief financial officer (CFO) of tutoring firm TAL Education Group, as its new CFO.

China’s World of Online Professional Networking Amid LinkedIn’s Retreat

As the sun lowers on the company’s full operations in the country, a window of opportunity is now opening for domestic competitors.

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