Kingsoft Cloud Earned 2.41 Billion Yuan in Q3, Up 39.6% YoY
Kingsoft Cloud released its financial report for the third quarter of 2021, disclosing total Q3 revenue of 2.41 billion yuan ($377.39 million), up nearly 40% year-on-year.
Category: Industry
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Bilibili Denies Leak of User Accounts and Phone Numbers
A screenshot of an offer to sell more than 220 million pieces of user data obtained from Chinese video community Bilibili was circulated on the Internet. A Bilibili spokesperson denied the user data leak rumor on July 8.
7/8/20222 min read
Several Key Members from OPPO's ZEKU Team Joins Momenta
The chip design team ZEKU, under OPPO, has been disbanded for 2 months now. According to several informed sources, more than a dozen management members of ZEKU have recently joined the autonomous driving company Momenta.
Joyy Shares Tumble 26% after Research Firm Calls it “a Multibillion-dollar Fraud”
Shares of Chinese social media and entertainment site Joyy Inc. plunged more than 26% after a research firm accused it of being a “multibillion-dollar fraud”.
China Named World's Largest Lithium Battery Consumer Market for Fifth Straight Year
The China Center for Information Industry Development (CCID), situated under the country's Ministry of Industry and Information Technology, recently released its "2021 White Paper on China Lithium Battery Industry Development Index."
5/23/20222 min read
Pop Mart, Miniso Stock Prices Plunge Following Chinese State Media Comments
Leading toymakers Pop Mart and Miniso stock prices plummeted after state-run media Xinhua commented that regulators should further steer the blind boxes industry away from unbalanced development.
CATL Officer at Davos: No More Fuel Vehicles by 2035
Ni Jun, the chief manufacturing officer of Chinese battery giant Contemporary Amperex Technology Co. Limited delivered a speech at the World Economic Forum Annual Meeting 2022 currently taking place in Davos, Switzerland.
5/25/20223 min read
TCL-backed Thunderbird Innovation Unveils Thunderbird Smart Glasses Pioneer Edition
TCL electronics incubated AR newcomer Thunderbird Innovation unveiled thePioneer Edition of its own smart glasses on Friday. These AR glasses are innovative in their display effects, power consumption and weight.
10/15/20212 min read
ByteDance's Education Business Conducts Mass Layoffs
The education business within ByteDance has reportedly undergone significant adjustments, including the laying off of about 3,000 employees.
6/20/20222 min read
Cryptocurrency Mining Giant Bitmain Filed for IPO at HKEX
On the evening of Sept. 26, Bitmain has officially submitted its listing documents to the Hong Kong Stock Exchange, with China International Capital Corporation...
Huya and DouYu Publish 2020Q3 Financial Reports as Merger Draws Near
Huya Inc.and DouYu International Holdings Ltd.on Nov. 11 released their financial reports for the third quarter of 2020 ended Sep. 30, revealing steady growth as the merger of the two leading Chinese esport live streaming platforms draws nearer.
11/12/20203 min read
Huawei AR Engine Installed 1.1 Billion Times, With Access to Over 2,000 Apps
Li Tengyue, President of Huawei's VR/AR product line, said that the Huawei AR Engine has been installed 1.1 billion times, applied in 106 models and with access to over 2,000 applications.
12/10/20212 min read