Alibaba Confirms Major Share Accumulation by Jack Ma and Blue Pool Fund, Stock Soars
Alibaba has been one of the Chinese internet companies that has been most aggressively repurchasing its shares in the past year.
1/24/20241 min read
Category: News
Showing 12 of 707 posts in this category
Tencent Receives $170,416 in Compensation from Lawsuit Regarding Trading Wechat Accounts
Tencent recently sued a website's operating company for unfair competition and received 1.09 million yuan ($170,416) of compensation.
AIsphere Secures Major Series A1 Funding, Aiming to Surpass Sora Within Six Months
"AIsphere", a Chinese AI start-up in large video model development, has recently secured a Series A1 funding round in the hundreds of millions.
Tencent Rectifies Forced Following of Official Wechat Accounts While Ordering at Restaurants
Recently, Tencent issued a notice to official account developers, requesting them to look into an issue whereby consumers are required to follow official WeChat accounts in order to order food by scanning a QR code.
12/20/20212 min read
Xiaomi Refutes Recent Rumors, "Hyper OS Was Never Claimed to Be Self-developed"
Xiaomi has officially denied claims that Hyper OS is a self-developed system, a rumor that the company suggests was propagated to stir up controversy between Xiaomi and Huawei.
1/22/20242 min read
WeChat and TikTok Secure Malaysia Operating Licenses, X and Google Missed Application Deadline
WeChat and TikTok had obtained operating licenses before the deadline on December 31st last year, and Telegram's application is in the final stages. In addition, Meta has initiated the license application process, with expectations of completion soon.
XPeng Unveils “Game-Changer” P5 Sedan With Automotive-grade Lidar
Chinese electric vehicle maker XPeng on Wednesday premiered its third production model, the XPeng P5 smart sedan.
4/15/20212 min read
Chinese Housing Broker KE Holdings Denies Plan to List in Hong Kong
Reuters reported on Tuesday that Chinese housing broker KE Holdings is planning a Hong Kong stock market listing with an aim to raise $2 billion in funds. In an emailed response to Reuters, KE denied the plan.
9/7/20212 min read
Xinjiang Officials Refute Claims Travelers Stranded by COVID to Take Up Local Work
Various Chinese social media accounts spread a message recently stating that travelers stranded in Xinjiang due to an ongoing surge in COVID cases could consider finding jobs in the local area. Local authorities said the message was a misinterpretation of the current situation.
10/9/20223 min read
Ele.me Launches AI Culinary Analysis System for Merchants
Recently, Chinese food delivery platform Ele.me launched an AI culinary analysis system for merchants named 'exiaowei', trying to help merchants develop new dishes through digital technology and market insight.
12/3/20212 min read
Enthusiastic Chinese Fan Hugs Messi During Argentina vs. Australia Match, Stirring Online Reactions
On June 15th, a football match between Argentina and Australia took place at the Beijing Workers' Stadium. However, a zealous fan broke onto the pitch to hug Lionel Messi.
SHEIN Invests in Forever 21's Parent Company, Expands Offline Presence
SHEIN invests in Forever 21's parent company, embarking on new attempts: e-commerce platform and offline experiments.
8/25/20237 min read