Open Source Company JiHu GitLab Secures Round A Financing
Open source company JiHu GitLab announced on Monday that it had completed an A round of financing worth several hundred million yuan.
4/11/20223 min read
All Posts
Showing 12 of 13226 posts
ByteDance Shuts Down Social Product Feiliao's Official Website
The official website of ByteDance-owned online social platform Feiliao has recently been shut down and download channels have been closed, although any official suspension announcement has yet to be made.
10/17/20223 min read
Alibaba’s Freshippo to Test all Shenzhen Employees After Staff Member Tests Positive
Alibaba’s fresh food chain Freshippo has shut 21 of its Shenzhen stores to disinfect stores and perform nucleic acid tests for all employees and products.
8/17/20202 min read
China’s Civil Code Allows In-Game Virtual Items to be Inherited
Recently, China’s parliament unveiled its first draft of the civil code. In the law regarding inheritance, the government made a significant change that could influence the Chinese gaming industry, specifically as it pertains to in-game virtual items.
5/22/20202 min read
Chinese Businessman Wang Sicong Indirectly Holds Shares of Digital Collection Platform MintTown
Due to the indirect shareholding of Wang Sicong, a Chinese businessman and the only son of prominent real estate magnate Wang Jianlin, MintTown has become one of the most popular digital collection platforms in China.
10/12/20223 min read
Honor’s Shenzhen Factory Pays Workers 50% More than Industry Average
Chinese smartphone manufacturer Honor opened its first smart industrial park to the public on Thursday. This industrial park is located in Pingshan District, Shenzhen.
Beijing Retightens its Grip on the After-School Tutoring Industry
The last three years since the 2018 crackdown on Beijing’s after-school tutoring industry have seen frustration at the industry’s poor habits eventually reach a climax.
4/6/20213 min read
TikTok Undergoes Leadership Reshuffle
ByteDace saw a personnel reshuffle with Zhang Nan taking charge of Douyin, and Alex Zhu taking over the app’s international version TikTok, while reporting directly to the CEO of ByteDance, Zhang Yiming.
11/1/20192 min read
Li Auto Starts Construction of Super Charging Stations
With the imminent launch of pure electric vehicles, Li Auto has set itself the goal of building about 300 ultra-fast charging stations within the year, with about 10 stations already deployed on high-speed roadways.
3/10/20233 min read
China Expands Scope of e-CNY Pilot
The People's Bank of China (PBoC) announced on April 2 that several cities including Tianjin and Guangzhou will be added as new pilot areas for the country's digital currency, or e-CNY.
4/6/20223 min read
Xiaomi Auto Collaborates with NIO, XPeng Motors, and Li Auto to Launch Charging and Energy Replenishment Network
On December 25th, Xiaomi Auto announced a collaboration with Li Auto, NIO, and XPeng Motors to launch a charging and energy replenishment network.
11.11 Global Shopping Festival Breaks Consumption Records
China’s 2019 11.11 Global Shopping Festival has once again set new records in terms of GMV.
11/12/20193 min read