Bytedance Reportedly Buys Pico for 5 Billion Yuan
TikTok’s parent company Bytedance is rumored to have invested 5 billion yuan ($771 million) in acquiring Chinese VR hardware maker Pico.
8/26/20211 min read
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Shengqu Games Signs Distribution Agreement with Tencent
Zhejiang Century Huatong Group announced on Tuesday that Shengqu Games, a wholly-owned subsidiary, signed a three-year agreement with Tencent on Monday.
11/30/20212 min read
Chinese-Based Firms Confirm Minimal Exposure to Silicon Valley Bank
The recent shutdown of Silicon Valley Bank (SVB) by regulators marks the largest bank failure in the United States since 2008. Several Chinese Hong Kong-listed companies have sought to reassure investors by stating that their cash deposits in SVB were not significant.
3/13/20234 min read
Board Director of Huawei: China's 5G Penetration Rate Crosses Critical Point of 20%
Ryan Ding, Executive Director of the Board of Huawei and President of the Carrier Business Group, said that the penetration rate of 5G users in China, South Korea, Kuwait and other countries has crossed the critical point of 20%.
10/14/20212 min read
Singles' Day Turns into Math Class as Alibaba, JD.com Argue
This year's Singles' Day is just over, but Alibaba and JD.com are already fighting about how to calculate and record who had the most transactions. JD.com's ac...
BYD's New Patent: Identifies Vein to Open the Door
On March 24th, the patent of "Vein Identification Device and Vehicle" applied by BYD Corporation Limited Co., Ltd. was authorized today. After inquiring to the China National Intellectual Property Administration, it was learned that the utility model authorized by BYD this time is actually a vein recognition device and vehicle.
Kuaishou Passes HKEX Hearing, Plans to List in Hong Kong on Feb. 5
Viral Chinese short video sharing platform Kuaishou passed the listing hearing of the Hong Kong Exchanges and Clearing (HKEX) on the afternoon of Jan. 14, and the Tencent-backed company plans to publicly trade on HKEX on Feb. 5.
1/15/20212 min read
5 Best 108MP Camera Phones in 2020
While 48MP and 64MP are still the mainstream in the phone market, we’ve seen some of the best options with a 108MP camera that you can consider.
Tim Cook Commends China's Innovation and Longstanding Partnership With Apple
During the China Development Forum on March 25, Apple CEO Tim Cook commended China for its rapid advancements in innovation and its longstanding relationship with Apple.
Battery Maker Gotion Hi-Tech Signs Deal With Argentinian Mining Firm
Gotion Hi-Tech, a Chinese power battery manufacturer, announced on Monday that it had signed a strategic cooperation agreement with Jujuy Energía y Minería Sociedad del Estado (JEMSE), an Argentinian state-run mining company.
5/10/20222 min read
Meituan-Dianping Files for IPO in Hong Kong, Revenue Up Sevenfold within Three Years
Meituan-Dianping submitted the file for its Initial Public Offering (IPO) to Hong Kong stock exchange on June 22, targeting to raise $6 billion in funds. It wil...
6/25/20182 min read
BYD's Board Secretary Responds to Rumored US Ban on Chinese Batteries
On the evening of September 14, a rumor that the Inflation Reduction Act recently passed by the United States government will ban Chinese batteries after 2024 spread wildly on Chinese social media. The potential policy was then repudiated by the Secretary of the Board of BYD.