Weiye Chen: Xianyu the Third Trillion Worth Platform for Alibaba
The Xianyu 2017 Strategic Conference was held in Beijing on November 16. The company is the third trillion worth platform that Alibaba has developed after Taoba...
11/18/20172 min read
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TikTok Owner ByteDance Invests $25M in Self-Driving Startup QCraft: Report
Chinese tech giant ByteDance, owner of TikTok and its Chinese counterpart Douyin, has reportedly invested in autonomous driving startup QCraft Inc.
3/5/20213 min read
Tencent Responds to Reports of $14.5B Stock Divestment Plan
After Tencent clarified rumors that it will sell all or most of its shares in Meituan, there are now market reports that the Shenzhen-based tech giant plans to reduce its stock investments in listed companies by 100 billion yuan ($14.49 billion) this year.
9/2/20222 min read
Xiaomi POCO C40 Smartphone Leaked, Equipped With Non-Qualcomm/MediaTek Chipset
POCO is launched by Xiaomi in overseas markets, among which the C series offers budget models. Leaks show that the POCO C40 will not use a Snapdragon 680 processor or a MediaTek processor.
4/15/20222 min read
EV Maker Xpeng Rakes in $400 Million in Series C Funding, Xiaomi Joins as Investor
Chinese EV upstart Xpeng Motors announced on November 13 the signing of a Series C capital funding of $400 million from a group of strategic and institutional investors.
11/13/20193 min read
iFLYTEK's Liu Qingfeng: Large-scale Models Will Benchmark Against GPT-4 in the Next Year
During the 19th Summer Summit of the 2023 Yabuli China Entrepreneur Forum, Liu Qingfeng, the founder and chairman of iFLYTEK, discussed some updates regarding their large-scale model.
Uncertainty and Hope: China’s Fresh Graduates Struggle to Find Jobs in Bitter Graduate Season
What’s left for China’s graduates now is to reflect on what they have really learnt over their years in school and prepare for economic recovery.
4/26/20205 min read
Codemao Completes $57 Million Financing Round
Codemao, a Shenzhen-based online education platform that offers computer programming classes to kids, has completed its Series C financing round to the tune of $57 million.
11/5/20192 min read
Former Co-CEO of Game Developer Perfect World Dies Suddenly
Perfect World announced on Monday that Lian Jie has submitted a request to resign as co-CEO of the company due to physical reasons. Unfortunately, Lian passed away in the United States on Monday night.
3/29/20222 min read
Douyin's Zhu Hao Jia Home Improvement Business Suspended Amid Adjustments
Douyin has recently suspended the operation of its home decoration business, Zhuhaojia. The company responded by saying that the business will transition to explore a model for ensuring service.
Ericsson Confirms Layoffs in China, Affecting the R&D Department of 'Core Network'
Ericsson confirmed layoffs in China, stating that the layoffs are aimed at aligning with the company's efforts to diversify its R&D footprint in order to better support its global sales.
Autonomous Trucking Startup Inceptio Completes Capital Raising of $100 Million
Inceptio Technology announced that it has completed $100 million in equity financing.
4/29/20202 min read