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Chinese telecom giant Tencent released its third quarter financial report on Wednesday, showing that its revenue in the third quarter was 142.368 billion yuan ($22 billion), a year-on-year increase of 13%.
XPeng Motors announced its global expansion plan for 2025, which will extend to 60 countries and regions and establish over 300 overseas after-sales service outlets.
Shenzhen-based smartphone brand Honor released a video on July 14 that revealed the appearance of the new Honor Pad 8.
Chinese venture capital (VC) firm Source Code Capital, which has backed some of the country’s biggest tech firms and unicorns, announced on Tuesday it has raised a total of $1 billion in fresh funds.
XPeng Motors issued a statement saying that some former employees who have left the company accepted paid interviews from securities firms and fabricated a large amount of false information, and they will be held accountable.
News emerged on Tuesday that Baidu is negotiating with potential acquirers to sell its 53% stake in iQIYI, attracting interest from buyers including Hong Kong private equity firm PAG and China Mobile. iQIYI responded that this news is untrue.
On Dec. 14, Alibaba Investment, China Literature, and Hive Box were fined an overall 1.5 million yuan for violating the anti-monopoly law, according to a notice from the State Administration for Market Regulation.
On August 12, Lin Wenqin, founder of Meiyihao, died in a traffic accident. The release mentions that Lin's vehicle, a Nio ES8, had its autonomous driving function (NOP pilot status) engaged at the time of the accident.
GCL Perovskite, a perovskite solar module developer under GCL Technology Holdings Limited, a leading Chinese photovoltaic material manufacturer, announced on December 14 its securing of 500 million yuan ($72 million) in a B+ round of financing.
A new-generation four-legged robot developed by Tencent’s Robotics X Lab was released on August 8. Named Max, the new robot shows good maneuverability and can move accurately on complex terrain.
Toutiao, which belongs to Beijing-based tech giant ByteDance, has recently launched an app called "Toutiao Haowai," which can recommend high-quality content to users, and its target is young consumers.
Alibaba-backed Chinese logistics company Cainiao has built the largest automated warehousing system in Southeast Asia for Flash Express, a leading logistics and express company based in Thailand.