Amazon China is Merging with NetEase Kaola on Cross-border Shopping
Amazon China and NetEase Kaola, a cross-border e-commerce, are negotiating to merge their overseas purchase business. Led by Kaola, the merger might be completed by split-offs.
Chinese Ride-hailing Platform Didi To Lay Off 2,000 Employees
The cold Beijing winter took a heavy toll on Didi as the Chinese ride-hailing giant announced today that it will lay off 15 percent, roughly 2,000 staff members, this year.
NetEase Cloud Music Raises Over $600 Million
NetEase, one of China’s top internet and online game services providers, announced on Nov. 12 that NetEase Cloud Music, the company’s music streaming platform, has completed its round of financing with investors. The total amount raised exceeded $600 million.
MIIT Ranks Top 100 Chinese Internet Companies
China’s information authority released a list of top 100 Chinese Internet companies on July 27, ranking Alibaba, Tencent and Baidu, JD.com, and NetEase as the top five.
Tencent, Alibaba, Baidu and NetEase Rumored to Return to A-Shares through CDR
Beijing-based media group Caixin Global reported that the list of companies issued China Depositary Receipts (CDR) has been released. The companies include BATJ (Baidu, Alibaba, Tencent, and JD.com), Ctrip, Sina Weibo, NetEase and Sunny Optical Technology.
Mobile, Client, Web Gaming Industries Post Billions in Earnings
The China Gaming Industry Report released today reflects how much money China’s gameplayers have paid for games in 2017. The actual sales revenue of China’s gaming market reached 203.61 billion yuan in 2017, a year-on-year increase of 23 percent.
Tencent Named Exclusive China Agent, Operator of Playerunknown’s Battlegrounds
Tencent announced it reached a strategic cooperation with PUBG, formally obtaining the exclusive agency of Playerunknown’s Battlegrounds in China.
Tik Tok Climbs into App Store’s Top 10, Honour of Kings Clings to 1st Place
Although Baidu, Alibaba, Tencent and NetEase products dominate the iOS market in China, a number of companies such as Toutiao and Meituan Dianping have crept into the Top 10 ranking, according to records of iOS App downloads by App Annie in the month of October. SEE ALSO: What did Toutiao’s Buy with its $1B Purchase…
Netease Launches Tryfun, Sex Product Brand with a Clinical Look
Internet giant Netease, which once surprised users by raising pigs, is marching into another unusual industry. On October 23, it announced the launch of Tryfun（春风）, an adult sex products brand that will be sold on Netease Kaola, Netease Yanxuan, and JD.
Ele.me Delivery Robot Completed Takeout Delivery for the First Time
At 10 a.m on October 9, Wanxiaoe(万小饿), China’s first intelligent take-out robot created by ele.me logistics team, appeared in the Hongqiao Vanke center in Shanghai for the first time. From today, it will accomplish the “last mile” delivery in the office building through its smart delivery service. Wanxiaoe has three layers of incubator with large…
TSMC Chairman Morris Chang Announced He will Retire Next Year
TSMC (Taiwan Semiconductor Manufacturing Company) issued a press release that Morris Chang, the chairman and founder of the company, would retire in June next year. At that time, the world’s largest chip foundry company will practice a dual-head system with Dr. Mark Liu as chairman and Dr. CC Wei as the president. Breaking tradition, Chang…
Jack Ma Just Ate His Own Words
He Swore ‘Never Do Games Business’ While Now Enter Game Industry in High Profile In June 2010, when talking to the then Chinese Premier Wen Jiabao, Alibaba Chairman Jack Ma said, “we firmly believe games couldn’t change China. China pursues single-child policy. If children play games all the time, what will our country be like…
Alibaba Increased its Holdings in Cainiao Network
Alibaba group announced today that in order to further promote the new retail strategy, it will increase holdings of Cainiao Network. Apart from tens of billions CNY it has invested, over the next five years, Alibaba will continue to invest 100 billion yuan in Cainiao, so as to accelerate the construction of logistics network and…
Tencent and Alibaba Announces a Music Copyright Cooperation
Tencent and Alibaba reached an agreement on music copyright cooperation and granting exclusive music licensing rights to each other. This cooperation casts a massive shadow on another popular music streaming app in China—NetEase Music. With its IPO drawing near and the recent news of its new round of financing (worth about 300 million USD), Tencent…
Xiaomi Released Full-screen Mix 2 for at least 3,299 yuan
In the afternoon of Sept. 11, Xiaomi released three products in Beijing, one of which is the highly anticipated full-screen second-generation product, Mix 2. The price starts at 3,299 RMB and the shipments start this Friday. Xiaomi CEO Lei Jun said that the Mix released last year by Xiaomi shook up the global tech media…