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Luckin Coffee shares took a 36% dive on Wednesday after the company resumed trading on Nasdaq, following a delisting notice from the exchange on grounds of financial fraud.
Baidu Cloud Computing (Shunde) Center officially settled in Shunde with a total installed scale of servers exceeding 200,000 units.
Broadcom has acquired VMware for $69 billion. Recently, there have been reports that the Beijing branch of VMware is undergoing trademark changes and personnel adjustments.
The General Administration of Customs of China reported that the export of electric vehicles, lithium batteries, and solar cells reached 264.69 billion yuan ($38 billion) in the first quarter of 2023, a year-on-year increase of 66.9%.
WeChat will launch a consumer credit product called 'WeChat Fenqi (Installment)'. Currently, the product is in a small-scale gray-box testing phase.
Alibaba’s annual 11.11 Global Shopping Festival has only just begun and it has already generated $12.0 billion in GMV (84 billion yuan) during the first hour since the event kicked off at midnight.
The government of Inner Mongolia has ordered a halt to the construction of new cryptocurrency mining projects, and has vowed to shut down all existing mining farms by the end of April.
Tony Qiu, the former head of Kuaishou's International Business, has recently joined Meituan and temporarily serves as assistant to firm founder and CEO Wang Xing.
On April 8, China Unicom, China Telecom and China Mobile jointly held an online press conference to jointly release their "5G Messaging White Paper" and a new app “5G Messages.”
SMIC, the leading Chinese chipmaker, aims to play a major role in the hastening semiconductor arms race.
CEO of HTC Yves Maitres said that the company plans to gradually transition its innovative focus away from hardware and towards virtual reality (VR) technology.
The robot company Unitree is preparing to establish branch offices in Beijing and Shanghai. Its commercialization, regional market coordination, and resource integration will be further improved.