Tencent Music Debuts IPO at NYSE
Tencent Music (TME), the music streaming subsidiary of the China tech giant Tencent Holdings Ltd., raised $1.1 billion in its U.S. initial public offering (IPO)...
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France to Remove Huawei Gear from Next-Generation 5G Network by 2028
French authorities have warned local telecommunication providers to stop renewing contracts with Huawei after the end of their leases. The licenses granted for Huawei equipment would not be renewed thereafter.
Chinese Online Teaching Platform Spark Education Files for Nasdaq IPO
On June 21, China's largest online small-class education firm, Spark Education, submitted a prospectus to the US Securities and Exchange Commission, applying to list on the Nasdaq under the stock code “SPRK”. Underwriters include Credit Suisse, Citigroup, CICC, Futu Securities and UP Fintech Holdings.
Bilibili Launches Livestream Recruitment Program to Connect Employers with Young Talents
Chinese ACG themed video-sharing site Bilibili launches Campus Recruitment Express.
10/23/20202 min read
Xiaomi Auto Strives to Rank in Top Five Worldwide
Lei Jun, the founder of Chinese consumer electronics maker Xiaomi, said on the company's most recent Investor Day that a quarter of his time was spent on mobile phones, IoT, and high-end involvement, half on cars and a quarter on other things.
2/13/20233 min read
NetEase Cloud Music Sues Tencent Music for Alleged Unfair Competition
The music unit of Chinese internet technology company NetEase said Wednesday that it has initiated legal proceedings against Tencent Music Entertainment alleging unfair competition.
4/27/20222 min read
The Underdog Province Catching Up With China’s Tech Boom
As the number of urban factory workers in Fujian is dwindling, having fallen 22% between 2012 and 2016, the region is faced by the daunting challenge of repositioning itself on the industry specialization spectrum.
BYD Expects Q1 Net Profits to Increase 174%-300% YoY
Chinese automobile manufacturer BYD announced on Monday that it expects net profits in the first quarter of 2022 to total between 650 million yuan and 950 million yuan ($102M - $149.1M), up 174% - 300% year-on-year.
4/19/20223 min read
Newsletter: The Recent Murder that Bred Fear and Grief across China
Here are the hot trending topics in China last week. Editor's Pick Another murder on DiDi terrorizes China: 20-year-old woman raped and murdered by DiDi drive...
OPPO Just Released New Reno Series With 10x Hybrid Zoom
OPPO just released their latest smartphone series Reno, the Reno standard edition and the high-end Reno 10x Hybrid Zoom.
4/10/20193 min read
Primavera Capital Invests $600 Million in Envision to Advance Carbon Neutrality Goals
Primavera Capital Group announced on Thursday a strategic investment of $600 million in Envision Energy and Envision AESC, two subsidiaries of Envision Group, to jointly promote the global zero-carbon transformation.
10/21/20212 min read
Nasdaq: EV Firm Faraday Future Noncompliant With Listing Rules
California-based EV startup Faraday Future received a notice from the Nasdaq Stock Exchange on April 4, claiming that its delay in submitting a 2021 financial report (10-K form) violated terms for listing.
4/11/20222 min read