Chinese condiment giant Guiyang Nanming Lao Gan Ma Flavored Food Co., Ltd. said on Tuesday it never had any commercial cooperation with Tencent.
TikTok owner ByteDance announced revenue of 40 billion yuan ($5.64 billion) in the first quarter of 2020, up 130 percent from the previous year.
While the COVID-19 pandemic prevented 127th China Import and Export Fair from taking place, Tencent transformed it into a cloud exhibition.
Enterprise services were the center of attention last week.
As TikTok seizes more territory around the world, its archrival Kuashou that so far hasn’t been as successful internationally is ramping up efforts to narrow the gap with its competitor.
Within the course of the past week, several prominent Chinese companies made fundraising announcements.
Tencent-backed video game livestreaming platform Douyu has helped revive sales of products from Hubei，the province hardest hit by the coronavirus outbreak in China, through a four-day e-commerce livestreaming campaign.
Global financial markets are struggling, having been crippled by the COVID-19 epidemic and the amount of VC deals has noticeably decreased.
AI, Big Data, Telematics and Logistics services caught investors’ attention and raised significant funds, hinting at a bright future for such services in the digitizing world.
Tencent-backed WeDoctor is now offering real-time free COVID-19 consultations, providing both English and Chinese medical services to global users.
ByteDance’s all-in-one work hub Lark plans to launch its independent app “Lark Doc”, which will be its second derivative app after the debut of Lark Meeting in February.
While Gojek has reportedly denied its involvement in such talks, a potential merger between the two does not sound like something completely out of the question.
During the outbreak, misunderstanding and misinformation could cause real damage, from deceitful behavior and unfounded discrimination against all Hubei people, to panic from fetching a delivery package.
The recent coronavirus outbreak dramatically increased the penetration of productivity apps on the Chinese market, which in turn will likely accelerate the digitization of local enterprises.
What is good? Under the environment of constant technological progress, human and business practices overlap. We need to form a common sense understanding that each company has to be self-disciplined.