Ludashi (lit. Master Lu), a computer system optimization and security firm recently spun off by the Chinese Internet conglomerate Qihoo 360, went public in Hong Kong on October 9.
The valuation makes Meituan the third largest listed Internet company in China following Alibaba ($428.3 billion) and Tencent ($394.3 billion).
On Aug. 7, NetEase, one of China’s leading internet and online game services providers, announced its unaudited financial results for the second quarter ended June 30, 2019.
Baidu announced on May 31 that their Senior Vice President, Wang Haifeng, has been promoted to Chief Technology Officer (CTO).
Chinese mobile Internet company Cheetah Mobile reported its financial results for the fourth quarter and the year of 2018.
Cheetah mobile, the Chinese mobile internet company, recently went through an internal incident concerning sending red packets.