Corporate Food Services Company Meican Secures E Round Series Financing Worth Over $157 Million
Chinese corporate food services company Meican announced that it had obtained an E2 round of financing, and the investor was Sodexo.
12/16/20213 min read
Category: Industry
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Alibaba, iQiyi to Launch Short Video Apps for Vlogging
Tech Planet reported Thursday that Alibaba has started an internal trial of its secretly-developed video blog (vlog) application "Cuyan".
5/14/20202 min read
Qihoo 360 CEO: Partial Transfer of Hozon Auto Equity Not Due to Lack of Funds
Zhou Hongyi, the co-founder and CEO of internet security firm Qihoo 360, responded on the evening of July 11 to the issue of "transferring the 1 billion-yuan capital increase right of Hozon Auto."
7/12/20223 min read
ByteDance's Douyin Wins FIFA World Cup Broadcasting Rights
Football fans in China previously watched the World Cup only through traditional television channels like CCTV or online video streaming platforms such as Youku, but during this year's edition, ByteDance's Douyin became the first short video platform in the country to obtain live broadcasting rights for the competition.
Chinese Online Education Platform 51Talk Reports RMB 27 Million Net Loss, Will Explore Growth Opportunities
On Tuesday, Chinese online education platform 51Talk reported that their net loss in Q2 was 27.0 million yuan, compared with net income of 32.8 million yuan for the second quarter of 2020.
9/29/20213 min read
Fudan University's ChatGPT-like Model MOSS Officially Open-sourced
On April 21st, it was announced that the new version of the MOSS model developed by Fudan University's Natural Language Processing Laboratory was officially launched today. It is the first open-source conversational language model in China with plugin enhancements.
Former Facebook Technical Engineer Jiakai Liu Joins Baidu's Xiaodu Technology
Xiaodu Technology, an offshoot of Chinese electronics giant Baidu, has ushered in a key personnel change.
Tesla Plans to Start Hiring in Shanghai for Ramp-up Production of Model Y
California-based leading electric vehicle maker Tesla Inc has put out a hiring post in Shanghai in search of designers to join its China studio and 1,000 factory workers as production ramps up, Reuters reported.
7/28/20202 min read
Hong Kong Stock Exchange to Relax Listing Threshold for Five Types of Tech Startups
The Hong Kong Stock Exchange plans to amend the listing rules to facilitate the financing of five types of advanced technology enterprises that have not yet made any profits. The new amendment is expected to be implemented next year.
10/19/20224 min read
Suning.com Smashes Bankruptcy Rumors on Heels of $644.68 Million Q3 Net Loss
Suning.com has reported the incident to public security officials, and the rumormongers will be investigated for legal responsibility according to law.
11/16/20212 min read
Douyin and TikTok Garner $277M in May Revenue
Mobile app data analysis firm Sensor Tower released a report Thursday claiming that in May, TikTok and its sister app for mainland China, Douyin, earned more than $277 million from the App Store and Google Play.
TikTok to Launch 300 Delivery-Only Digital Restaurants Across U.S.
The popular short video sharing platform TikTok will cooperate with Virtual Dining Concepts to launch TikTok Kitchen, to provide food delivery services in the United States from March 2022.
12/20/20212 min read