Machine Vision Firm KST Secures Nearly 400M Yuan in C-Round Financing
Guangdong KST Optical Co., Ltd., an optical equipment manufacturer, has completed round-C financing amounting to nearly 400 million yuan ($59.3 million).
5/18/20222 min read
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TikTok Partners With NBCUniversal for Beijing Olympics
Major U.S. media group NBCUniversal has reached a cooperation agreement with TikTok to promote the upcoming Beijing Winter Olympics using short videos.
1/27/20222 min read
Tencent’s QQ Adds Instagram-like Content Sharing Function Targeting Young Users
On April 10, Tencent’s social media platform QQ launched a new feature called "Small World", targeting young users by allowing them to post visual content.
Eight Chinese Logistics and Mobility Platforms Undergo Regulatory Scrutiny
An office within the Beijing Transportation Department on Thursday summoned four logistics-based digital platform companies and scheduled a meeting with four online ride-hailing platform companies.
1/21/20222 min read
Hupu vs Dongqiudi: The Battle To Become China’s Top Football-Themed App
Both of Hupu and Dongqiudi, two largest football-themed apps in China, have been accelerating their efforts to boost their relationship with fans and effectively increase their market shares.
Chinese E-Commerce Platform Suning.com Denies Bankruptcy Liquidation
Suning.com, a Chinese retail e-commerce platform, issued a statement on Wednesday saying that reports of "Suning's bankruptcy liquidation" were a rumor. The company is operating normally at present.
7/6/20222 min read
Miniso Opens Its Largest Store in Jakarta, Marking a New Chapter in Global Expansion
On August 31st, MINISO unveiled its largest global flagship store at Central Park Mall in Jakarta, Indonesia. The store, covering approximately 3,000 square meters, features eight product categories and three themed IP zones.
Self-Developed NetEase Mobile Game Is Shut Down
On Wednesday, Chinese internet technology firm NetEase officially announced that its “Unknown Future” game will officially stop operating at 15:00 on March 14, 2022 with compensation arrangements to be provided.
Computer Graphics Technology Firm GritWorld Completes Round-B+ Financing
GritWorld, a computer graphics engine technology provider, has completed tens of millions of dollars in its round B+ of financing, jointly led by Baidu Ventures (BV), CCB Trust and Everest VC.
4/26/20222 min read
China to Send Three Astronauts to Its Space Station in June after Successful Tianzhou-Tianhe Rendezvous
China’s cargo spacecraft Tianzhou-2 successfully docked with the space station’s key module Tianhe on Sunday, paving the way for a three-man crew of astronauts to board the station in June, according to state media.
5/31/20213 min read
Baidu-Backed Automotive Startup JiDU Prepares for Mass Production
Joe Xia, CEO of JiDU, announced through Chinese social media on Wednesday that the firm has started body mold casting for its first mass-produced car.
5/25/20222 min read
Wang Xing Ranks 3rd in Fortune's “40 under 40”
Three CEOs of Chinese tech giants are among the top 10 of Fortune's new “40 under 40” list released by the magazine on July 20. SEE ALSO: Zhang Yiming: 5 Commo...