Meituan Is Testing the 'Takeout Version of Xiaohongshu'
Meituan is testing a service called "Local Eating". This service is embedded in the Meituan App's food delivery service and is similar to a takeout version of "Xiaohongshu."
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Tesla Has 8,000 Super Charging Piles in Chinese Mainland, Covering 360 Cities
The official Weibo account of Tesla's China Charging Team announced on Tuesday that, as of today, the company has built and opened over 1,000 super charging stations and over 8,000 super charging piles in the Chinese mainland.
11/16/20212 min read
Tencent's Non-IFRS Net Profit in Q1 Decreases by 23% YoY
On Wednesday, Chinese tech giant Tencent released its first quarter financial report. In the first quarter of this year, Tencent achieved a revenue of 135.47 billion yuan ($20 billion), which the company considered stable.
5/18/20223 min read
Zhihu IPO
SEE ALSO: Ep. 52: Zhihu and Kuaishou — Has China’s Quora Found Its Prince Charming? ...
3/9/20211 min read
BYD and Daimler’s JV to Launch Luxury MPV Denza D9 on May 16
Denza, a joint venture between Chinese automaker BYD and German high-end automaker Daimler AG, announced on Wednesday that it will unveil its first luxury MPV, the Denza D9, on May 16.
5/11/20222 min read
Tencent Q1 Revenue Boosted By Gaming Business Despite COVID-19 Lockdowns
Tencent Holdings reported on Wednesday a 26% year-on-year increase in its revenue for the first quarter of 2020 with its video games business generating more than a third of its revenue.
5/14/20203 min read
CPU Chip Company Quillion Technology Ceases Operations
Quillion Technology, which has been in operation for more than half a year and was working on general-purpose computing and data center solutions, informed all staff on August 5 that the company would cease its operations.
BOSS Zhipin to Implement New Merit Pay System
Chinese online recruitment platform BOSS Zhipin will implement an internal "361" merit pay appraisal system, and the bottom 10% of employees may be fired.
8/4/20223 min read
Baichuan Intelligent Technology Releases Its First Large-scale Pre-training Language Model baichuan-7B
Baichuan Intelligent Technology, a company established by former Sogou CEO Wang XiaoChuan, has officially launched its first large-scale Chinese and English pr...
6/15/20233 min read
PRC State Post Bureau: Post, Courier Services Handles 243M Packages on Double 12
According to official website of the State Post Bureau, monitoring data showed that postal enterprises received 243 million packages on December 12, a 38 percen...
Xiaomi Denies Laying off 90% of Employees over the Age of 35 at Wuhan Headquarters
On May 14th, reports surfaced that Xiaomi's Wuhan headquarters had laid off 90% of employees over the age of 35. However, Wang Hua, General Manager of Xiaomi's Public Relations Department denied these reports.
JD Logistics Raising $398M Through New Share Placement
JD.com's logistics arm has entered into a placing agreement, pursuant to which it has agreed to issue about 150 million of its ordinary shares to a group of third-party investors for a total purchase price of $398 million in a placement.
3/25/20222 min read