Internet Tech Companies Archives

Chinese Tech Community in Silicon Valley Faces Dark Cloud of Layoffs

The cumulative number of layoffs in the technology industry so far this year is now estimated to have exceeded 100,000. For the Chinese community, the tide of layoffs in the internet sector has spread anxiety.

NetEase Adds Grace Tang as New Independent Director

Hangzhou-based internet company NetEase announced a new independent director and changes to the board committee on Thursday. It also released its 2021 ESG Report.

Alibaba to Start Massive Layoffs, Sources Say

Alibaba's MMC business unit is planning to sever ties with many employees, while the proportion of layoffs in this round will stand at roughly 20%.

Ant Group Announces Improvements to Employee Care Plan, Including Higher Housing Subsidy

An internal email of Ant Group was leaked, which showed that all employees of Ant Group in the Chinese mainland will receive a new employee care plan from January 1, 2022.

Online Evaluation Platform LeetCode Won Nearly $10 Million in Round A Financing From Lightspeed China Partners

LeetCode, a social platform for preparing technical interviews for companies in the IT industry, announced on Wednesday that it had completed the A round of financing of nearly $10 million.

CEO Ding Lei: NetEase Ready For Metaverse

NetEase revealed that to aim at the landing of the Metaverse, the company has been recruiting talent such as engineers of virtual scenario construction and virtual characters.

As Recruitment Declines, China’s Internet Giants Learn to Slow Down

“There are two 18-year-olds, one in China, the other in the United States, both poor and short on prospects. You have to pick the one with the better chance at upward mobility. Which would you choose?”

As Zhang Yiming Leaves ByteDance’s Global Board, Liang Rubo and Eight Core Executives Step Forward

After more than nine years since founding ByteDance, Zhang Yiming has at last got his delayed satisfaction.

ByteDance Admits Downsizes to Commercialization Team

Since the end of 2020, Chinese Internet giant ByteDance has continuously adjusted the organization structure and business scope of its commercialization team, and many team members were laid off this month.

Intel Appoints New Chairman of China Operations, Current President to Retire at End of Year

Technology giant Intel announced on Friday that it has appointed Dr. Wang Rui as Senior Vice President and Chairman of Intel China, overseeing all of the firm's subsidiary businesses and teams.

2021 Q2 Advertising Revenue of Major Chinese Internet Companies Shows Market Picking Up

Reports show the impact of the Covid pandemic has basically been eliminated and the advertising market is rapidly rebounding.

Pinduoduo Leadership Change a Shot in the Arm for Corporate Governance

Pinduoduo took six years to build an online marketplace that serves almost 800 million paying customers - and that was not their only unprecedented feat.

Huawei Formally Establishes ‘HMS Go Global Ecological Alliance’

On Sept.11, Huawei and its partners jointly held the "Global Ecology--China Go Global Leaders Summit" in Songshan Lake, Dongguan. The dialogue was one of the most anticipated events at the Huawei Developers Conference 2020 (HDC.Together).

Chinese Companies Take Actions to Help Contain the New Coronavirus Outbreak

Three weeks after China announced the outbreak of a new strain of coronavirus in the city of Wuhan, more than 400 people in China have been diagnosed with the virus, and nine have died.

Tencent Invests in Indian Online Insurance Platform Policybazaar

Chinese internet behemoth Tencent has acquired a 10% stake in Indian online insurance aggregation platform Policybazaar

36Kr Media Plans NASDAQ IPO

36Kr is said to be planning to list their media department on NASDAQ in the United States as they seek to raise $100 million.

Tencent Pony Ma Highlights the Future of the Industrial Internet During IT Summit

Chinese Internet giant Tencent will utilize technologies such as 5G and AI to develop the Industrial Internet, as to transform and upgrade industries to be more digital and smart, according to its CEO Pony Ma in IT Summit 2019 in Shenzhen.

BrandZ: Internet Tech Companies Make List of Top 50 Chinese Global Brand Builders

Google and WPP released a list of the Top 50 Chinese Global Brand Builders 2018 on February 6 in Beijing.

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