
Tencent Launches 50 Billion Yuan 'Common Prosperity' Plan
Chinese technology firm Tencent announced the launch of the first batch of its 50 billion yuan ($7.74 billion) 'Common Prosperity' plan in a letter sent today to company employees.
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Chinese technology firm Tencent announced the launch of the first batch of its 50 billion yuan ($7.74 billion) 'Common Prosperity' plan in a letter sent today to company employees.

Today, Tencent released its financial report for the second quarter of 2021, showing its total revenue reaching 273.6 billion yuan ($42.3 billion), up 23% year-on-year. Operating profit was 42.8 billion yuan, an increase of 14% YoY.

Baidu, a leading AI company with strong Internet foundations, announced on Wednesday its unaudited financial results for the third quarter of this year.

On September 7, Soho China, a commercial real estate developer listed on the Hong Kong Stock Exchange, announced that Pan Shiyi has resigned as Chairman of the Board while Zhang Xin resigned as CEO of the company.

OnePlus and InterDigital are currently in negotiations, trying to resolve the new dispute. The current ban is only limited to OnePlus phones.

The Administrative Court of Appeal in Stockholm, Sweden announced on Wednesday that it has rejected an appeal from Chinese telecommunications firm Huawei, upholding a ruling by a lower court that banned Huawei from selling 5G mobile network infrastructure in the country.

GoFurther.AI, an autonomous driving company, announced the completion of the company's round A+ of financing on August 8. This financing was jointly led by Xingxiang Capital and Ruizhu Capital.

Chinese tech giant NetEase has launched a new social product called "Xinyan," which will provide opportunities for users in the same city to get to know each other.

GAC AION, the automobile brand of the GAC Group, announced on Thursday that its first super charging and power swap station was officially completed in Guangzhou, where it is headquartered.

Chen Liang, senior vice president of Meituan and member of the S-team, the highest decision-making body, has recently resigned from his position. In fact, in the past year, Chen has gradually faded out of the daily operation and management of the Chinese food delivery giant.

On July 23, BAIC Group announced that it will invest in Daimler AG to strengthen the long-term strategic cooperation between the two companies.

Douyin, the Chinese mainland version of TikTok, announced on Thursday that it has reached a cooperation agreement with domestic video platform Sohu.