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Chinese technology firm Tencent announced the launch of the first batch of its 50 billion yuan ($7.74 billion) 'Common Prosperity' plan in a letter sent today to company employees.
Today, Tencent released its financial report for the second quarter of 2021, showing its total revenue reaching 273.6 billion yuan ($42.3 billion), up 23% year-on-year. Operating profit was 42.8 billion yuan, an increase of 14% YoY.
Baidu, a leading AI company with strong Internet foundations, announced on Wednesday its unaudited financial results for the third quarter of this year.
On September 7, Soho China, a commercial real estate developer listed on the Hong Kong Stock Exchange, announced that Pan Shiyi has resigned as Chairman of the Board while Zhang Xin resigned as CEO of the company.
Chinese tech giant NetEase has launched a new social product called "Xinyan," which will provide opportunities for users in the same city to get to know each other.
Chen Liang, senior vice president of Meituan and member of the S-team, the highest decision-making body, has recently resigned from his position. In fact, in the past year, Chen has gradually faded out of the daily operation and management of the Chinese food delivery giant.
Douyin, the Chinese mainland version of TikTok, announced on Thursday that it has reached a cooperation agreement with domestic video platform Sohu.
On April 7th, Bytedance's Douyin announced that it has recently reached cooperation with Tencent Video. The two parties will explore the promotion of long and short video linkage, short video secondary creation and other aspects.
Xiaomi injects funds into bodybuilding course maker I-Fitness, Julive rakes in 400 million yuan, Allianz tightens partnership with WeLab, while Xpeng Motors secures a new commitment from the Guangdong government.
Labor disputes surrounding China’s leading food delivery service Ele.me are back in the spotlight.
China’s VC market is coming into its own as the coronavirus outbreak seems to be easing its grip on the country.
On Thursday, Chinese beverage chain Luckin Coffee announced its financial results for the first half of 2021, showing total net revenue of 3,182.5 million yuan ($497.743 million)