Baidu Capital Appoints Li Xiaoyang as New CEO
Baidu Capital, a fund jointly launched by Beijing-based internet giant Baidu, Inc. and China Life Insurance Company, on August 25 appointed Li Xiaoyang as the new CEO.
8/26/20223 min read
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Chinese Social Media Platform Weibo Added to Delisting Watchlist by SEC
Beijing-based social media platform Weibo became the sixth Chinese company to be added to a delisting watchlist by the U.S. Securities and Exchange Commission (SEC) on Wednesday.
Didi Chuxing Issues 100M Yuan Driver Subsidy on the Most Difficult Day for Ride-Hailing in 2020
Leading Chinese ride-hailing company Didi Chuxing on Sept. 29 issued an announcement stating that Sept. 30, Oct. 1 and Oct.7 are the three days with the most ride-hailing calls in 2020, with Sept. 30 being the peak due to the upcoming National Day Holiday.
9/30/20203 min read
OnePlus Launches New Flagship OnePlus 8 Series, Strengthening North American Presence
OnePlus unveiled its newest product series -- the OnePlus 8 and OnePlus 8 Pro -- on April 14 through a livestream event.
4/15/20202 min read
TikTok Rival Kuaishou Technology Wins Broadcasting Rights for 2020 Tokyo Olympic Games and 2022 Beijing Winter Olympics
On June 23rd, Kuaishou, a Chinese short video company and rival of TikTok, held a strategic cooperation conference in Beijing with Voice of China, a state-owned company. Kuaishou obtained the rights to broadcast the 2020 Tokyo Olympic Games and the 2022 Beijing Winter Olympics on its short video platform.
Laxcen Technology Complets C Round Financing Worth $26.58 Million
Chinese media outlet 36Kr reported today that recently, Laxcen Technology Inc., announced the completion of a new round of financing worth 170 million yuan ($26.58 million).
10/21/20212 min read
Baidu to Launch Intelligent Electric Vehicle Company with Geely
Chinese Internet behemoth Baidu today announced its plan to partner with auto manufacturer Zhejiang Geely Holding Group, establishing a company that will produce intelligent electric vehicles (EV).
1/11/20212 min read
Mixue and Goodme Simultaneously Submit Applications to Hong Kong Stock Exchange
On January 2nd, Chinese tea brand Mixue and Goodme simultaneously submitted their Kapbook to The Stock Exchange of Hong Kong.
HUYA 2022 Q4 and Full Year Earnings Analysis: Q4 Revenue in Line, Achieving Stable User Performance While Promoting Operational Efficiencies
On March 21, 2023, Huya Inc., a leading game live streaming platform in China, has released its 22Q4 and full year financial results, achieving steady quarterly and yearly user scales, with its 2022Q4 total net revenues in line with market consensus.
3/21/20236 min read
Zhang Yiming: AI is at the Early Stages from Laboratory to Large-Scale Commercialization
On December 1, at the A.IDEAS Forum, Toutiao announced the establishment of the Bytedance Strategic Technology Committee. Its first members included professor J...
Macau Stock Exchange Plan Reported to China’s Central Government as City Tries to Diversify From Gambling
During the 8th Lingnan Forum held in Guangzhou on October 12, He Xiaojun announced that the Macau Stock Exchange plan has been reported to the central government.
Baidu Plans to Integrate Ernie Bot into Multiple Products
Robin Li, CEO of Baidu, a Chinese tech giant that is planning to launch a new generation of its large language model Ernie Bot in March, issued an internal letter on February 22 to further introduce the ChatGPT-style chatbot and the development of AI technology.