iQIYI's Net Losses Reach 968.1 Million in 2021
iQIYI, a Chinese video platform, announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021.
3/1/20222 min read
Category: Industry
Showing 12 of 6378 posts in this category
Four US Law Firms Announced Investigations Against Douyu
Within the past week, four US shareholder rights litigation firms announced an investigation into claims against Chinese livestreaming platform Douyu.
3/4/20202 min read
Midea to Invest $1B in NEV System Solutions
Leading Chinese electrical appliance manufacturer Midea Group released a record of investor relations activities on Thursday.
ByteDance's Dali Education Reshuffles, Completely Abandoning Curriculum-Based Tutoring Courses for Compulsory Education Students
Dali Education, ByteDance's education unit, has recently started job cuts in many brands including GuaGuaLong, Qingbei Wangxiao, Xuelang, Hardware and Campus Cooperation.
11/25/20213 min read
Kuaishou Starts Closed Beta of Podcast App Piting
With the rising popularity of podcasting in the past decade, short video platform Kuaishou is stepping into the realm with a new podcast app.
Alibaba’s Cainiao Responds to Rumors of Raising $2 billion and IPO in Hong Kong
Recently, news of Cainiao's listing in Hong Kong has once again surfaced. The news states that Alibaba's logistics subsidiary, Cainiao, plans to IPO in Hong Kong in early 2024 and aims to raise $2 billion.
Kindle Is Not Leaving China, But Amazon May Be Losing the Game in China, Again
While Kindle has failed to profit from its existing customers through the Kindle store, the web novel market is also a territory hard for Amazon, as a U.S company, to enter.
1/26/20229 min read
Huawei to Regain Access to Google Services
According to the New York Times, Huawei’s access to supply chain components from the United States could soon be restored by the Trump administration.
10/14/20192 min read
OPPO Announces New Personnel Adjustments, Appoints New CMO
OPPO announced the appointment of Liu Lie as president of global marketing and concurrently as CMO of China in the company.
4/20/20201 min read
Cheetah Mobile Stock Price Rises After “Better-than-Expected” Q2 Earnings
Cheetah Mobile stock price soared over 23 percent on August 20 in the U.S. stock market, after the Chinese mobile internet company published its financial repor...
8/21/20182 min read
Baidu Releases Data on Double Eleven Shopping Festival, Example of Chinese Consumption Trends
On Thursday, Baidu's App released data concerning trending topics during the current 2021 Double Eleven Shopping Festival.
11/11/20213 min read
Chinese Grocery Start-up MissFresh Privately Submitted Prospectus to SEC
MissFresh, a Chinese e-commerce grocery platform, privately submitted its prospectus to the US Securities and Exchange Commission (SEC) a few days ago. The company is expected to go public in mid-June this year, for which it aims to raise more than $500 billion.
4/12/20213 min read