ByteDance Forms Food and Beverage Product Team
After launching an in-house tea brand called "Taoyuan Yuye" last year, TikTok owner ByteDance now plans to team up for a new food and beverage business.
5/12/20222 min read
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Chinese Social Media Platform Xiaohongshu to Merge Community and E-Commerce Departments
Chinese lifestyle-related social media platform Xiaohongshu has recently merged the original community department and e-commerce department into a new community department.
1/25/20222 min read
BOX.Game Raises $5M in Angel Financing Led by Atypical Ventures
BOX.Game, incubated by leading coding and AI education company CODEMAO, recently announced the completion of an angel round of financing worth $5 million.
11/23/20212 min read
More Than Half of Mainland Listed Gaming Companies Recorded Slow Growth in Q1
More than half of the 32 gaming companies listed on the Chinese mainland predicted slowed year-on-year net profit growth for the first quarter of 2020.
4/22/20202 min read
Xiaomi to Launch New Xiaomi CC9 Pro With 100MP Camera
Chinese smart devices maker Xiaomi has announced that it will be launching a new smartphone featuring an unprecedented 100-megapixel sensor as the main sensor.
10/28/20192 min read
Foreigners Embracing Shopping Frenzies in China During Double 11
The Double 11 shopping festival is hard to miss. E-commerce platforms put out ads everywhere to boost consumption. Like the locals, foreigners are embracing the shopping frenzies.
Xiaomi Auto Headquarters Officially Settle in Beijing, Registered in Beijing Economic-Technological Development Area
According to a state-owned publicity website, the registered address of the company is Yizhuang Development Area in Beijing, a state-level economic and technological development zone situated in Daxing District.
9/2/20211 min read
NIO's Third Brand "Firefly" First Car Revealed, Expected to Debut in Q3
Recently, a group of suspected spy photos of the first model of the new brand "Firefly" from NIO were exposed online.
Chinese Social E-Commerce App Xiaohongshu Denies Plan to List in Hong Kong
On Monday, several media outlets reported that Chinese startup Xiaohongshu is considering a Hong Kong IPO. The company responded that it won't do away with the idea but there is no clear IPO plan for the time being.
10/11/20212 min read
Tencent Responds to NFT Name Change, Resists Illegal Cryptocurrency Activities
Chinese technology giants Alibaba and Tencent have both renamed their non-fungible token (NFT) offerings as “digital collectibles”, as Beijing strengthened its supervision of Internet businesses' NFT platforms.
10/25/20212 min read
Behind China’s 996 Overwork Culture: Shentong Express Fires Employee who Refuses to Work Overtime
On Jan. 7, China’s delivery company Shentong Express was reported to have fired an employee who refused to work after 9 p.m.
1/8/20213 min read
The Facade of National Speed Skating Oval “Ice Ribbon” in Construction for Winter Olympics
It is estimated that the facade of the National Speed Skating Oval will be completed by this year. It is also now officially released that a total of 42 Winter Olympic projects have started construction including eight new competition venues and five venues under renovation.
1/15/20192 min read