Douyu Confirms IPO Preparation, Investment of 1B Yuan in Anchors
Douyu held its 2017 Awarding Ceremony in Shanghai yesterday. Chief operating officer Cheng Chao confirmed Douyu is preparing for an IPO in an interview. SEE AL...
1/14/20182 min read
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Changan Expects Production Reduction of 100,000 Units in August amid Power Brownouts
Changan Automobile announced on August 26 that its production and sales target in August is expected to be reduced by about 100,000 vehicles due to the power brownouts in its Sichuan base caused by high temperatures in the province.
Unmanned Retail Services Firm "Feng E Zu Shi" Secures $47 Million in A-Round Financing
A Chinese unmanned retail operations firm called "Feng E Zu Shi" (丰e足食) announced on Tuesday its completion of A-round financing totaling 300 million yuan ($47 million).
2/8/20222 min read
China’s E-commerce Platforms Alibaba, JD.com, Vipshop Fined Over Pricing Complaints
China’s market regulator said it fined operators of Alibaba’s Tmall, JD.com and Vipshop for mispricing products in November and early December, as Beijing steps up regulation of the e-commerce sector.
Chinese Internet Giants Are Targeting Housing Rental Market
For the vast number of migrants in China, house rental has been a hard issue. House purchase is faced with many policy constraints and the price is too high to ...
Footwear Brand Miracle Miles Receives $100M in A-Round Financing
Miracle Miles, a global footwear technology company, has secured $100 million in round-A financing. The joint leading investors were Sequoia China and IDG.
3/21/20222 min read
Baidu Fully Opens Robotaxi Service in Changsha
Baidu's Apollo Robotaxi service will be fully open to ordinary customers in Changsha, allowing users to hail autonomous taxis for free.
4/20/20201 min read
ByteDance Launches Offline Service "Dongdong Car Care"
Under the ByteDance umbrella, Dongchedi has launched an offline car maintenance service called "Dongdong Car Care" in collaboration with authorized stores.
New Oriental Education Sends Job Invitations to All Former Teachers
Recently, many netizens said on social platforms that Chinese private tutoring institution New Oriental Education had sent job invitations to all former teachers. On August 21, the firm responded that the news was true.
8/22/20222 min read
Didi Removed from App Stores, User Registration Suspended
Didi Chuxing has been accused of the serious illegal collection of personal information and has been ordered to be removed from app stores and has stopped registering new users.
7/4/20212 min read
Xiaomi Shenzhen International Headquarters to Feature 360-degree LED Surround Screen
Together, Xiaomi's Shenzhen International Headquarters and the Mi Home Flagship Store will form a lighthouse for Shenzhen Bay, unofficially called "Mi Rubik's Cube".
1/5/20222 min read
StarHeir Technology Secures Two Rounds of Financing Totaling Tens of Millions of Yuan
StarHeir Technology, a virtual fashion startup, has recently completed two rounds of financing totaling tens of millions of yuan, with investors including Cathay Capital, New World Development Company Limited, X Museum and its exisiting shareholder NetEase.
8/2/20222 min read