Tencent Music Plans to Sell 3% Stock and the valuation is $10 billion now
Reported by Bloomberg on September 1. According to the informed resource, Tencent Music Entertainment Group plans to finish a new round of financing before its ...
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PDD Q2 Financial Report: Net Profit up 47% YoY
On August 29th, PDD released its unaudited financial report for the second quarter ending on June 30, 2023. The net profit attributable to ordinary shareholders was $1.81 billion, a 47% increase compared to the same period last year.
8/30/20234 min read
Indonesia's Lippo Has Poured $45 Million into Tencent
Lippo Group has invested 628 billion rupiahs ($45 million) into Tencent to contribute to the group's digitalization, as the company mentioned in a statement on ...
6/26/20181 min read
Qihoo 360 Founder Reveals Large Language Model Development Plan
During a livestream on March 15, Zhou Hongyi, the founder of Qihoo 360, a Chinese internet security company, disclosed the company's artificial intelligence development plan amidst the ChatGPT hype.
Chinese Scientists Develop A "Thermometer" for Quantum Chips
On May 18th, it was reported that Chinese researchers from Anhui Province Quantum Computing Engineering Research Center have successfully developed a domestically produced ultra-low temperature sensor for quantum computing. The researchers vividly call it the "quantum chip thermometer".
Tesla Shuts down Shanghai Gigafactory for Two Days amid COVID-19
Tesla will suspend production at its Shanghai Gigafactory for two days as China tightens its pandemic prevention and control measures.
3/16/20222 min read
Chinese Online Grocer Dingdong Maicai Raises $330 Million in Latest Funding Round
Chinese grocery platform Dingdong Maicai raised $330 million in a Series D+ round of financing led by the SoftBank Vision Fund, according to investor and advisor Cygnus Equity, as the startup continues its expansion in the crowded fresh food delivery market.
Amazon the Monopoly Takes on Unruly Chinese Firms
While many are convinced that Chinese sellers are receiving special treatment from Amazon, in the eyes of many Chinese merchants, Amazon is no friend at all. Rather, it is in part Amazon’s monopoly power that leaves them with no choice.
Former LeEco Building Auctioned for $90 Million
The former LeEco headquarter Lerong Building (previously known as LeTV Building) started auction on Tuesday, with only one bidder, Beijing Hengying Property Management Co., Ltd.
11/30/20213 min read
Pinduoduo Launches Business Communication Tool “Knock”
Chinese e-commerce platform Pinduoduo launched an updated version of its business communication platform Knock.
3/17/20202 min read
Deep Learning Platform PaddlePaddle Unites Developers
Wang Haifeng, Baidu's Chief Technology Officer, announced the latest progress of PaddlePaddle, China's first deep learning platform, at the WAVE SUMMIT+2021 held on Sunday.
12/12/20213 min read
ByteDance Releases 'Doubao MarsCode' Tool with Code Completion Function
ByteDance has released an intelligent development tool "MarsCode", which is built on Doubao large model, aiming to provide efficient and intelligent programming experience for developers in China.
6/27/20242 min read