Alibaba Beats Q2 Estimates as Revenue Soars
Alibaba Group saw a robust total revenue growth of 40% year-on-year and a rise in mobile MAUs (monthly active users) to 785 million.
11/2/20193 min read
Category: Industry
Showing 12 of 6378 posts in this category
Eclipsed by Its Predecessor, Double 12’s Statistics Revealed
Compared to the grand scale of the Double 11 shopping festival, Double 12, which took place on Dec. 12, appeared to be more low-key without ubiquitous campaigns and great discounts.
12/14/20202 min read
Russia Asks TikTok to Lift Restrictions on Video Recording of Putin's Speech
Russian authorities have asked the management department of TikTok, a short video platform owned by ByteDance, to lift the restrictions on the video recording of Russian President Vladimir Putin's speech.
3/10/20221 min read
Mobike Reached Strategic Partnership with Shouqi Limousine & Chauffeur
One account can be used in both Mobike and Shouqi Limousine &Chauffeur and which do you prefer, this combination or Didi +ofo? Today, Mobike announced its ...
Singulato Motors Completes New Round of Funding Close to $100 Million
Chinese electric vehicle (EV) maker Singulato Motors received a capital injection from Japan’s Itochu Corp amounting to nearly $100 million on October 12, according to Reuters.
10/12/20192 min read
ByteDance Raises Up to $600 Million in Funding For Its Subsidiary Dongchedi
ByteDance is raising up to $600 million in funds for its automotive information and transaction platform 'Dongchedi'.
9/9/20241 min read
Chinese Autonomous Driving Company Holomatic Completes B1 Round of Financing
Holomatic, an autonomous driving technology company, announced today that it has completed the B1 round of financing with investors including Tongfang Investment, Yulin Investment and NavInfo of Baiyue Group.
6/29/20213 min read
Chinese Co-working Space Giant Ucommune Raises RMB 300 Million at $1.8 Billion Valuation
Ucommune, previously UrWork, the only Chinese unicorn in the co-working space, announced on August 14 that the company received a new round of funding from RK P...
ByteDance Founder Establishes Personal Investment Fund in Hong Kong
Two years after stepping down as CEO of ByteDance, founder Zhang Yiming has launched a personal investment fund in Hong Kong. The fund, named Cool River Venture, is registered as a private limited company and is wholly owned by Galaxy LLC. Zhang Yiming serves as the director of the fund.
5/24/20231 min read
Faraday Future Teases New EV Flagship V9
“Thanks for your attention to our brand new flagship V9. The basic design principle would be a mobile smart product that combines design, artificial intelligence and seamless interconnectivity between vehicles and people.”
4/4/20192 min read
Luckin Again Announces New Personnel Adjustments, Appoints New Director of the Board
Two newly-appointed directors resigned on Monday while Luckin will consider the re-appointment of Sean Shao as a director of the company.
8/4/20203 min read
CATL to Invest $2B in New Energy Battery Project
Chinese battery giant CATL announced on July 21 that it plans to invest in the construction of a new energy battery base in Shandong Province's Jining, with a maximum total investment of 14 billion yuan ($2.07 billion).