Tencent Denies Rumors of Negotiations with J&T Express to Raise $1 Billion
J&T Express is reportedly negotiating with Tencent Holdings to potentially raise $1 billion. Tencent announced on Wednesday that the rumor was not true.
9/1/20212 min read
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Bilibili Releases 21 New Titles at “DOCUMENTARY MADE BY BILIBILI 2021-2022”
Bilibili, a leading video platform for China’s younger generations, announced 21 new documentaries at its “DOCUMENTARY MADE BY BILIBILI 2021-2022,” which was held for the first time in Shanghai on November 13.
11/16/20213 min read
Tencent Responds to Reports It Plans to Sell Stake in Meituan
In the afternoon of August 16, the Hong Kong shares of Chinese food delivery giant Meituan fell by 10% after it was reported that its shareholder Tencent is planning to sell all or most of its $24 billion shares.
Blizzard President Visits China and Meets with NetEase
Blizzard President Johanna Faries recently visited China for the first time and had dinner with the NetEase team.
Jiang Fan: Alibaba International Continues Rapid Growth Despite Uncertain International Market Environment
Alibaba released its financial report for the quarter ended September 30. Alibaba International Digital Commerce Group, or Alibaba International, exhibits the fastest growth rate among all six major business groups.
11/20/20236 min read
Children's Apparel Brand PatPat Announces Licensing Deal with Barbie®
Leading children’s apparel e-commerce brand PatPat, backed by SoftBank, General Atlantic, Sequoia Capital and many more, has kicked off its 8th anniversary celebration. The company also announced a licensing deal with Mattel’s Barbie brand.
Meituan Establishes "MARS" Robotics Research Academy in Shenzhen
Meituan, a top Chinese e-commerce platform specializing in home delivery and life services, established the Meituan Academy of Robotics Shenzhen (MARS) in the southern province of Guangdong on November 29.
Tesla to Open 4,000 New Superchargers Across China in 2020
Tesla plans to add 4,000 V2 and V3 Superchargers across China in 2020, China.org reported Thursday, quoting Tesla’s official statement.
5/14/20202 min read
Bilibili to Hold Its First New Year’s Eve Concert – "The Last Night of 2019"
The 3.5 hour long entertainment show will celebrate the coming of age of China’s Generation Z, those born between 1990 and 2009, who are entering their 20s and 30s.
12/19/20193 min read
Tencent's NFT Trading Platform Huanhe Embattled in Copyright Dispute
Huanhe, an NFT trading platform owned by Tencent, released on Monday a series of digital ink horse collections based on artworks by Xu Beihong, a famous Chinese painter, causing a copyright dispute.
Pony.ai and Neolix to Cooperate in Unmanned Distribution
Pony.ai, a Chinese automated driving start-up, announced on March 22 that it has reached a strategic cooperation with leading unmanned vehicle developer Neolix in the field of unmanned distribution in China.
3/22/20233 min read
AI Computer Chip Startup Pingxin Technology Receives $10 Million in Pre-A Financing Round
Beijing-based artificial intelligence (AI) computer chip startup Pingxin Technology has completed a pre-A round of financing, amid a global push to enhance chip technology and an ongoing semiconductor shortage.
8/24/20213 min read