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.
This episode of TechBuzz China is our second of two focused on bike-sharing in China.
Fortune Magazine published on July 19 its annual global list of 500 corporations. This year, 120 Chinese companies made the cut, which makes China a close second to the U.S. with 126 companies.
China’s new e-commerce platform, Pinduoduo, plans to raise a maximum of $1.87 billion through its listing on the NASDAQ Global Select section, according to its updated prospectus to the U.S. Securities and Exchange Commission (SEC).
On June 18, JD.com concluded its annual shopping festival with a transaction volume of around US$24.5 billion. On the same day, the e-commerce platform also announced an investment from Google of $550 million. What does this new alliance mean? Listen to latest episode from TechBuzz China to find out!
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.
Tencent Holdings Limited announced on July 8 night that the company will spin off and list its online music entertainment business, Tencent Music Entertainment Group in the United States.
India’s largest baby products retailer Firstcry (Brainbees Solutions Pvt Ltd) is reportedly in talks to several investors to raise up to $100-150 million. According to people aware of the development, the Mahindra group-backed retailer has revived talks with Singapore state investment firm Temasek Holdings.
VIPKid, the online children education brand has confirmed completion of its Series D+ round of financing with relevant details disclosed.
Earlier this month, Tencent sued Bytedance, better known as Toutiao, for 1 RMB and Toutiao fought back by suing Tencent for 90 million RMB. What sparked the feud between the David and Goliath of the Chinese tech world? Listen to this week’s episode of TechBuzz China by Pandaily to find out!