Cheetah mobile, the Chinese mobile internet company, recently went through an internal incident concerning sending red packets.
Cheetah Mobile stock price soared over 23 percent on August 20 in the U.S. stock market, after the Chinese mobile internet company published its financial reports for the second quarter of 2018.
One of China’s largest technology companies, Tencent Holdings Ltd., published its quarterly results on August 15, showing a year-over-year profit drop for the first time in 13 years.
Baidu Inc. recently added a new feature displaying information flow to its mobile browser app and changed the app’s slogan along the way. This is among the latest moves by Chinese tech companies merging key functions into their mobile application services.