IoT Services Firm Tuya Smart Denies Mass Layoffs
Tuya Smart, an Internet of Things (IoT) smart product solutions provider, has reportedly been carrying out layoffs involving hundreds of employees since last year.
2/25/20223 min read
Category: Industry
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Tencent's Q4 net profit rose 105 percent year-over-year, gaming accounted for 37 percent
This is the lowest proportion of game business in total revenue. On March 21, Tencent released its unaudited fourth-quarter comprehensive performance and audit...
Supply Chain SaaS Provider LinkMore Completes $30 Million A+ Round of Financing
LinkMore, a clothing supply chain SaaS (Software as a Service) provider, on Tuesday completed an A+ round of strategic financing worth $30 million.
1/11/20222 min read
TikTok Denies Accusations of Providing American User Data to China
After being accused of mishandling American user data and censoring content shown on the video-sharing app, TikTok released a statement on October 25 refuting the claims.
10/25/20192 min read
Su Jing Quits As Head of Huawei’s Intelligent Driving Product Division
Huawei confirmed that Su Jing, a key figure in its intelligent driving product division, had left the company.
1/26/20222 min read
Jia Yueting No Longer Owns Equity in FF, Apologizes For Downfall of Leshi
FF and Leshi Internet founder Jia Yueting said on July 2 that his personal bankruptcy reorganization process was finally completed on June 26 in the United States.
7/2/20202 min read
China's Reusable Experimental Spacecraft Returns to Landing Site after A 276-day Flight
On May 8th, China's reusable experimental spacecraft successfully returned to its scheduled landing site after a 276-day flight. This achievement marks a significant breakthrough in China's research on reusable spacecraft technology.
5/8/20232 min read
Gen Z’s Favorite Video Sharing Site Bilibili Expands into Film Industry
Chinese video sharing site Bilibili teamed up with Dirty Monkey Films to launch the “Bilibili x Dirty Monkey Films Young Director Support Program” on November 27.
12/3/20202 min read
TikTok's Parent Company ByteDance to Sell Securities Business
ByteDance is planning to shrink its financial businesses including selling the stock broking business in China.
9/1/20212 min read
AI Chip Firm Cambricon Reports 95% YoY Increase in Net Losses
AI computer chip technology company Cambricon on February 25 released its 2021 annual performance report, showing revenue of 721 million yuan ($114.3 million) during the period.
2/28/20223 min read
Lifestyle Retailer Miniso Completes Hong Kong IPO
Chinese budget lifestyle retailer Miniso has officially listed on the main board of the Hong Kong Stock Exchange (HKEx) with "9896" as its ticker symbol. The firm's opening share price was HK$13.20 ($1.68) – lower than the actual listing price of HK$13.80 ($1.76).
7/14/20222 min read
Xiaomi’s Double-Line Car Manufacturing: Holding Company Smartmi Technology Preparing to Build Vehicles
Smartmi Technology, an eco-chain company controlled by Xiaomi, has joined the car building project.
12/13/20212 min read