| Date | Title | Description |
| 26.07.2024 | E-commerce platform East Buy’s top influencer quits, takes namesake venture for free | High-profile Chinese influencer Dong Yuhui has left East Buy, the e-commerce unit of private tutoring giant New Oriental, due to his “career aspirations, commitment to his other endeavors and personal arrangements,” according to a filing by... |
| 24.07.2024 | Temu hits $20 billion sales in H1 fueled by expansion efforts: report | Temu surpassed its 2023 total sales in the first half of this year to reach around $20 billion, according to a 36Kr report, underscoring the Pinduoduo sister app’s surging momentum as it pursues global expansion. Fast fashion retailer Shein... |
| 24.07.2024 | Douyin shifts e-commerce focus back to GMV growth after costly low-price strategy: report | Douyin, TikTok’s Chinese sibling, has recently shifted its e-commerce strategy to re-prioritize GMV growth over price competitiveness in an attempt to return to the GMV growth rate of over 50% it enjoyed last year. The move has been trigger... |
| 23.07.2024 | Строительство нового космодрома Вэньчан — чисто коммерческий проект? | Как я писал в статье на Хабре ещё в 2019 году: «если когда-нибудь китайское космическое агентство захочет построить и запустить сверхтяжелую ракету-носитель под названием CZ-9 (а такие планы есть https://web.archive.org/web/20180801122726/,... |
| 22.07.2024 | Japan’s Uniqlo sees potential for growth in China despite falling profit and revenue | Uniqlo’s chief executive officer in Greater China said the Japanese clothing brand’s “relative competitiveness is growing” in mainland China due to Chinese consumers’ mindset shifting to finding affordable alternatives to branded products a... |
| 18.07.2024 | Volkswagen’s China JV launches first electric coupe SUV | Volkswagen on Wednesday launched its first coupe-styled sports utility vehicle, the ID.UNYX, boasting high-tech features such as more diversified choices for infotainment content and a “worry-free” autonomous parking function at a price ran... |
| 17.07.2024 | JD to sell select high-end goods for $2.50 every month as it looks to compete on price | Chinese online retailer JD is launching a monthly promotional campaign that it claims will see branded products worth over RMB 1,000 sell for just RMB 18 ($2.48). The company announced the move on Wednesday, framing it as a way of thanking ... |
| 16.07.2024 | General Motors’ China joint venture launches Tesla-style autopilot tech ahead of rivals | General Motors’ joint venture with China’s SAIC on Tuesday introduced an Autopilot-style advanced driver assistance system (ADAS), which the company said would enable its Century model, a luxury multi-purpose vehicle, to handle highways. Th... |
| 15.07.2024 | TikTok explores local services potential in Southeast Asia | TikTok is exploring the local life services sector in Southeast Asia as it tries to replicate sister app Douyin’s path in China. According to a recent job posting on the company’s official careers website, its venture into services aims to ... |
| 13.07.2024 | Новая модель нейрона | Ракетный двигатель от ИИ | Российский квантовый процессор | Солнечное топливо | Заживающие солнечные панели
Ученые разработали новый метод "самовосстановления" для перовскитных солнечных элементов, что может значительно повысить их стабильность и эффективность.
Перовскитные солнечные элементы - это многообеща... |
| 11.07.2024 | Kuaishou and Douyin both see e-commerce growth slow in first half of 2024: report | E-commerce growth has slowed for China’s two major short video platforms, Douyin and Kuaishou, since the beginning of this year, local tech media LatePost reported on Wednesday. Nevertheless, the two content platforms have still enjoyed dou... |
| 10.07.2024 | TSMC’s market value surpasses a trillion dollars for the first time | TSMC, listed in both Taiwan and New York, saw its market value surpass the $1 trillion mark on Monday, becoming the seventh-largest tech company globally by market capitalization, local media outlet Jiwei reported. Ranked by market valuatio... |
| 08.07.2024 | Geely-affiliated EV maker Polestar reportedly lays off 30% of China staff | Electric vehicle maker Polestar’s China division is reportedly set to undergo its first major layoff with plans to reduce its workforce by about 30% by the end of September. The move is expected to have a significant impact on its local car... |
| 05.07.2024 | BYD produces its eight millionth EV, with the last million having taken just three months | BYD said on Thursday it has produced its eight millionth electric vehicles, just three months after producing its seven millionth unit globally at its Jinan factory in eastern China in March and three years after reaching its first milliont... |
| 04.07.2024 | Huawei's HarmonyOS: A Game-Changer in China's Tech Landscape | In a bold move towards self-sufficiency, Huawei's HarmonyOS has emerged as a national champion, replacing Windows and Android in China's software ecosystem. The China Academy of Information and Communications Technology (CAICT) recently cer... |
| 02.07.2024 | Huawei’s HarmonyOS kernel achieves 100% self-developed ratio, says CAICT | The China Academy of Information and Communications Technology (CAICT) has issued a certificate for the completion of the independent maturity level-A certification to Huawei’s HarmonyOS kernel, as the operating system achieved a 100% self-... |
| 01.07.2024 | Baidu’s AI bot has 300 million users, two months after reaching 200 million milestone | China’s Baidu currently has 300 million users of its ChatGPT alternative ERNIE Bot, the company’s chief technology officer Wang Haifeng announced at Wave Summit 2024, at which the search giant teased the latest version of its AI foundation ... |
| 28.06.2024 | Geely-backed flying car startup Aerofugia raises undisclosed Series B funding | Chinese flying taxi startup Aerofugia has raised “several hundred million RMB” (between $13.76 million and $137.5 million) in a new round of funding led by state-backed investment fund Orinno Capital, one year after closing Series A in exce... |
| 27.06.2024 | Huawei now has more than 100,000 non-refundable orders for premium Aito SUV | Chinese electric vehicle brand Aito said on Wednesday that it has received more than 100,000 reservations with RMB 5,000 ($688) non-refundable deposits for the M9 sports utility vehicle, six months after its unveiling in December. The brand... |
| 27.06.2024 | DingTalk welcomes six other domestic AI models to join it in developing “open AI ecosystem” | Alibaba’s DingTalk on Wednesday announced a partnership with six homegrown Chinese large language model makers to enhance the workplace communication platform’s capacity to autonomously perform tasks from prompts using AI. MiniMax, Moonshot... |
| 27.06.2024 | SF Express’ subsidy to introduce on-demand delivery service in Hong Kong | SF Tongcheng, a subsidy of China’s largest express delivery company SF Express, is eyeing on-demand delivery service in Hong Kong as the Hong Kong-listed unit recorded its first yearly profit in 2023. The entry will likely serve as a start ... |
| 25.06.2024 | Tencent’s mobile game Dungeon and Fighter earned $100 million in 10 days in May | US firm Scopely’s digital spin on the classic board game Monopoly Go! topped the global mobile game market in May, grossing $226 million in revenue from the App Store and Google Play, while Chinese developer Tencent’s multiplayer online bat... |
| 25.06.2024 | Pinduoduo to tease more low-price-driven tools amid China’s intense e-commerce battle | Pinduoduo is planning to launch more tools in the coming months beyond the automatic price adjustment feature that it introduced before the mid-year shopping event 618 as it looks to maintain its low price advantage, according to a LatePost... |
| 24.06.2024 | China’s Manner Coffee faces criticism over intense working conditions after clashes exposed | Two clashes between staff and customers in one day at Manner, a rapidly expanding coffee chain in China, have sent discussion of the company’s working practices viral on Chinese social media over the weekend, as anger at those involved has ... |
| 21.06.2024 | Chinese workplace management app DingTalk eyes overseas expansion: report | Alibaba-owned workplace management app DingTalk has put global expansion on its agenda after running a small-scale pilot serving hundreds of Chinese enterprises with overseas businesses, according to a report by Chinese media outlet 36Kr on... |
| 20.06.2024 | CATL builds first factory in northern China, deepens partnership with BAIC | CATL announced on Tuesday it is establishing a giant new battery plant on an area of 260,000 square meters (2.8 million square feet) on the outskirts of Beijing. The facility will be the company’s first in northern China and is set for oper... |
| 19.06.2024 | JD claims record breaking 618 festival GMV, fails to disclose specific data | Chinese e-commerce platform JD said it hit a record high in merchandise volume and order numbers for its recent mid-year shopping event 618, though it failed to provide specific figures. The company said more than 500 million users shopped ... |
| 17.06.2024 | Google-linked Chinese self-driving startup Qcraft closes Series C financing | Qcraft, a Chinese startup co-founded by four former engineers at Google’s self-driving project Waymo, has raised “several hundred million RMB” (between $13.78 million and $137.68 million), more than a year and half after closing a Series B ... |
| 14.06.2024 | 17-year-old fashion student beats prestigious college rivals and AI teams in Alibaba math competition | A 17-year-old fashion design student has garnered widespread attention in China for making it to the final of an Alibaba-backed global math competition, with her background of studying at a Jiangsu-based vocational senior secondary school m... |
| 11.06.2024 | Second batch of UN Volunteers funded by China start their assignments | Twenty-four UN Volunteers fully funded by China recently began their assignments with 13 UN partner entities. Serving in 15 countries, they bring their skills to the United Nations to contribute towards sustainable development in the areas ... |
| 11.06.2024 | East Buy faces new blow as star influencer Dong Yuhui spits out resistance to work | The stock price of Chinese livestreaming e-commerce company East Buy dropped 9% and closed at HKD 13.9 on Tuesday, fueled by its star livestreamer Dong Yuhui saying that he was very “resistant” to being a salesperson and that he doesn’t enj... |
| 10.06.2024 | UNV and China to leverage volunteering for the SDGs | UNV's Executive Coordinator, Mr Toily Kurbanov, recently met with partners in China to explore ways to strengthen existing collaboration and expand partnerships. During a virtual mission, Mr Kurbanov explored the contribution of volunteeris... |
| 10.06.2024 | Hypertherm Associates 海宝推出 XPR460 等离子切割系统 | 利用XPR460精细等离子切割系统提升您的盈利能力
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利用XPR460精细等离子切割系统提升您的盈利能力 新罕布什尔州汉诺威, June 10, 2024 /EINPresswire.com/ -- 美国工业切割系统和软件开发商 Hypertherm Associates 海宝宣布推出最新的创新产品：海宝 XPR460 等离子切割系统。作为采用 X-Definition 技术的 XPR 系列的最新成员，这款创新的等离子系统将以其出色的多功... |
| 06.06.2024 | 地方金融组织不得跨省开展业务 90%的商业保理企业或退出历史舞台 | 随着2021年底中国人民银行发布《地方金融监督管理条例（草案征求意见稿）》（以下简称：《条例》），明确要加强央地监管协调配合，压实地方金融监管职责后，整个商业保理行业就站在了生死存亡的十字路口。 SHANGHAI, SHANGHAI, CHINA, June 6, 2024 /EINPresswire.com/ -- 随着2021年底中国人民银行发布《地方金融监督管理条例（草案征求意见稿）》（以下简称：《条例》），明确要加强央地监管协调配合，压实地方金融监管职责后，整个商业保... |
| 06.06.2024 | BYD subsidiary reportedly set to supply Tesla Shanghai Megafactory with battery cells | FinDreams Battery, a wholly-owned subsidiary of Chinese automaker BYD, has won a contract to supply affordable lithium iron phosphate (LFP) battery cells to Tesla for the Elon Musk-led auto firm to make its Megapack energy-storage batteries... |
| 06.06.2024 | Emdoor DIGI participated in Taipei Computex, and its cutting-edge technology products attracted much attention | SHENZHEN, China, June 6, 2024 /PRNewswire/ -- From June 4th to June 7th, Computex 2024, the largest computer show in Asia and the second largest in the world, was held at the Nangang District Exhibition Hall. With the theme of 'AI Connectio... |
| 04.06.2024 | Li Auto brings sales and delivery teams together in latest reorg: report | Li Auto is going to combine its sales and delivery divisions into a new group in the company’s latest effort to revamp its operations and rev up sales, after reporting lower-than-expected financial results for the first quarter of 2024. The... |
| 04.06.2024 | Alibaba and JD see performance boost during 618 shopping festival | Major Chinese e-commerce player JD has seen a flurry of consumers from lower-tier cities buy goods on its “buy 9.9, enjoy free shipping” channel, which attracted more than 100 times the number of shoppers year-on-year within the first hour ... |
| 31.05.2024 | Xiaomi claims second spot in global wearable wristband market | In the first quarter, global shipments of wearable wristband devices totaled 41.2 million units, with Apple, Xiaomi, and Huawei ranking as the top three brands, according to market research firm Canalys. Apple saw a 12% year-on-year decline... |
| 30.05.2024 | SAIC premium EVs will use NIO charging tech in partnership between rival makers | NIO’s power infrastructure network has continued to secure partnerships, as the company said on Thursday that it now offers owners of IM Motors vehicles access to more than 22,500 proprietary fast chargers across China. They can find the ne... |
| 30.05.2024 | ByteDance pours efforts into AI-driven hardware: report | ByteDance, owner of TikTok and Douyin, reportedly has major initiatives underway for AI-powered hardware projects, with two key hardware divisions currently driving these efforts, according to a 36Kr report that cited several sources. The r... |
| 28.05.2024 | Douyin tightens rules for users involved in trending topics and viral content | TikTok’s Chinese sibling app Douyin implemented a new “hotspot content” verification mechanism on Monday, in what it said was a move to strengthen community regulation and governance of the platform, which has 800 million daily active users... |
| 28.05.2024 | Alibaba signs David Beckham as AliExpress global ambassador | Alibaba has signed one of England’s most iconic football players David Beckham as a global ambassador for its international e-commerce platform AliExpress, a high-profile move as the Chinese tech giant looks to further promote the platform ... |
| 27.05.2024 | Douyin sets $552.3 billion sales target for this year: report | Short video platform Douyin is aiming for an ambitious RMB 4 trillion ($552.3 billion) goal in e-commerce transactions this year, according to local media outlet 36Kr. The figure represents an increase of more than 30% on the transactions c... |
| 27.05.2024 | JD gives employees both carrots and sticks amid market pressure | China’s online retailer JD said on Monday morning that it plans to raise the annual fixed salary for sales and procurement staff to a 20-month package from the current 16-month over the next one-and-a-half years. The move comes days after f... |
| 22.05.2024 | Audi strengthens partnership with China’s SAIC on EV platform | Volkswagen’s premium brand Audi said on Monday it would strengthen its partnership with China’s SAIC to develop a new electric vehicle platform, a move that would enable the German automaker to reduce time-to-market by over 30% in the Chine... |
| 20.05.2024 | JD promises 9 minute delivery time via its upgraded on-demand service | Chinese e-commerce player JD has escalated the country’s on-demand delivery battle as it rebrands its retail service and promises to deliver purchased items in as little as 9 minutes. The company announced the upgrade on Monday on its offic... |
| 14.05.2024 | Douyin to stop third-party advertisers posting on influencers’ channels | China’s biggest short video platform Douyin will stop influencers who post content involving politics, economics, law and healthcare, letting third-party advertisers upload commercials to their channels. According to the TikTok sister app’s... |
| 13.05.2024 | China’s Chery launches answer to Tesla’s Model Y, Audi Q5L | Chery Auto on May 9 introduced the first midsize electric crossover under its mainstream luxury Exeed lineup with both all-electric and plug-in hybrid versions, which the Chinese automaker said would compete with the Tesla Model Y and Audi ... |
| 11.05.2024 | Alibaba opens new campuses in Hangzhou and Beijing on the same day | Alibaba on Friday opened its new global headquarters in Hangzhou, a combination of office and leisure facilities that total nearly 1 million square meters. The new complex nods to the e-commerce giant’s roots and demonstrates its commitment... |
| 11.05.2024 | BYD’s latest midsize SUV set to assuage range anxiety | BYD on Friday launched the first midsize battery sport utility vehicle named after a marine animal, targetting young Chinese customers with its flashy design and seeking to compete with Tesla’s Model Y at a price range between RMB 189,800 a... |
| 10.05.2024 | China’s CATL and French shipping firm CMA CGM to set up joint venture | Chinese lithium-ion battery maker CATL and French shipping company CMA CGM will set up a joint venture to explore the potential of creating an all-encompassing solution for greenhouse gas reduction, according to a statement published on Wed... |
| 09.05.2024 | JD to start 618 shopping event on May 31 with streamlined processes | Chinese e-commerce platform JD is set to kick off its mid-year shopping event at 8 p.m. on May 31, with the company branding it under the theme of “quality and affordability” as price remains a sensitive factor for local consumers. JD has a... |
| 30.04.2024 | Xiaohongshu says reports of new funding based on $20 billion valuation are “untrue” | Chinese lifestyle sharing social media platform Xiaohongshu has dismissed as “untrue information” reports by local media outlet IPOzaozhidao that it is in the midst of a new round of fundraising that values the company at $20 billion. A pre... |
| 30.04.2024 | Chinese AI firm unveils Sora-like video model, claims “major breakthrough” | Chinese AI startup Shengshu Technology, in partnership with Tsinghua University, unveiled the country’s latest text-to-video model Vidu last weekend, which it said could generate videos no longer than 16 seconds with 1080p resolution. Vidu ... |
| 29.04.2024 | ByteDance fires 61 employees in anti-corruption move | ByteDance has fired 61 employees for violating laws and company policies, citing reasons including bribery and leakage of internal information, according to Chinese media outlets that quoted sources from the tech company. Four individuals f... |
| 29.04.2024 | Temu aims to triple sales to $60 billion globally in 2024: report | Chinese e-commerce platform Temu has set a $60 billion sales goal for this year that would more than triple the roughly $18 billion it brought in in 2023, and is the most ambitious sales goal among its Chinese counterparts, according to a L... |
| 26.04.2024 | Honor leads Chinese smartphone market in Q1, Huawei dominates foldable segment | In the first quarter of 2024, the Chinese smartphone market hit shipments of 69.26 million units, marking a year-on-year growth of 6.5%, according to market intelligence firm IDC. Honor claimed the top spot with a 17.1% market share, while ... |
| 26.04.2024 | Genshin Impact developer MiHoYo unveils independent PC launcher for its gaming titles | Chinese game developer MiHoYo announced on Thursday that it is preparing a PC launcher for its gaming titles. Players will have the option to download and install the MiHoYo Launcher in the next few weeks, the company said. The PC launcher ... |
| 26.04.2024 | Alibaba Cloud brings AI video generator EMO to Tongyi Qianwen app | Alibaba Cloud’s Emote Portrait Alive (EMO) model, which is able to convert portrait photos into talking and even singing avatars is now available on its Tongyi Qianwen app, in a move the tech giant hopes will bring a wider user base to test... |
| 24.04.2024 | Chinese text-to-video startup AIsphere receives $13.8 million funding from Ant Group: report | Beijing-based text-to-video startup AIsphere has raised over RMB 100 million ($13.8 million) in its latest A2 funding round from Ant Group, the fintech affiliate of Alibaba, less than two months after the company raised more than RMB 100 mi... |
| 24.04.2024 | Great Wall Motor-backed self-driving startup raised $41.4 million in latest funding round | Haomo.ai, a self-driving car company backed by Chinese automaker Great Wall Motor, said on Tuesday it raised RMB 300 million ($41.4 million) in a Series B2 financing round involving a Chinese local government. The funding was raised from an... |
| 23.04.2024 | Huawei introduces redesigned crossover, unveils new EV brand | Huawei on Tuesday launched a redesigned M5 compact crossover, the first model under the Aito lineup with manufacturing partner Seres. The Chinese tech giant billed the new vehicle as more spacious, better equipped, and with faster accelerat... |
| 22.04.2024 | Alibaba Cloud to support free training based on Llama 3 for a certain period | Alibaba’s cloud computing unit will offer free training, inferencing, and deployment services based on Meta’s new Llama 3 open-source model for a limited period to local enterprises and developers, Alibaba Cloud said on Monday in a WeChat p... |
| 19.04.2024 | Meituan names a new CEO to lead core local commerce | China’s food delivery company Meituan has appointed Senior Vice President Wang Puzhong as CEO of its new core local commerce business, marking the first time the firm has had two chief executives. The core business integrates Meituan’s in-s... |
| 19.04.2024 | Ant, Baidu, and Tencent partner with US AI firms on UN’s first global GenAI standards | China’s Ant Group, Baidu, iFlytek, and Tencent joined US AI firms including OpenAI and Meta in working on two global GenAI and LLM-focused standards which were published by the United Nations on Tuesday. The “Large Language Model Security T... |
| 17.04.2024 | China’s BYD unveils its latest supercar: the Super 9 | BYD on Tuesday unveiled the first supercar under its premium off-road electric vehicle brand called Fangchengbao, which promises ultimate performance and luxury with bold design treatments — the latest example of Chinese automakers going up... |
| 15.04.2024 | Tencent Cloud says recent service failure results from cloud API anomalies | Tencent Cloud said an 87-minute-long outage affecting customers in 17 regions worldwide last Monday was caused by cloud API anomalies, the latest among China’s internet giants’ cloud service crashes that impacted dozens of products. “The se... |
| 12.04.2024 | Meituan overhauls core meal delivery operation to address challenges: report | Meituan has pushed further restructuring in its core food delivery unit with an announcement on naming younger people to management level, in the company’s latest round of changes this year as it looks to adapt to increasing external compet... |
| 11.04.2024 | Jack Ma praises Alibaba’s changes in the past year under new chairman and CEO | Jack Ma said in an internal Alibaba memo on Wednesday that the company he co-founded has “returned to healthy growth” since new chairman Joe Tsai and CEO Eddie Wu came to power. Ma also shared his support for the company’s continued reforms... |
| 09.04.2024 | Alibaba Cloud cuts prices for international customers as AI demands rise | Alibaba Cloud has slashed prices of its core computing, storage, network, database, and big data products in international markets by as much as 59% amid surging AI demands, the company announced on Monday. The cuts come just one month afte... |
| 09.04.2024 | China’s group-buying platforms shift focus to profitability amid declining popularity: report | Meituan Select and Duoduo Maicai, the two main players in China’s community group-buying field, have both seen narrowed losses last year as cost-reducing measures continued. According to the local media outlet LatePost, the two participants... |
| 09.04.2024 | Toyota’s China joint venture to use Huawei components for autonomous driving: report | Toyota has reached a deal with Huawei on the use of key components from the Chinese tech giant’s mobile data center (MDC) platform for enabling autonomous driving functions on its locally-made electric vehicles, people familiar with the mat... |
| 03.04.2024 | Light Year founder Wang Huiwen returns to Meituan as part-time consultant | Meituan’s co-founder Wang Huiwen will return to the food delivery giant as a part-time consultant as he “gradually recovers his health,” Wang Xing, chief executive of the company, announced Tuesday in an internal memo. Wang Huiwen’s return,... |
| 02.04.2024 | Alibaba to test rocket package delivery service with China’s startup Space Epoch | Chinese e-commerce giant Alibaba is joining forces with a rocket maker startup Space Epoch to test rocket-powered parcel delivery, expected to reach shoppers worldwide within an hour. “A lot of great things seem like a joke at first,” Aliba... |
| 02.04.2024 | 3 people died after being ripped from their high-rise apartments by freak wind storms in China, local reports say | Real Estate 3 people died after being ripped from their high-rise apartments by freak wind storms in China, local reports say
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| 02.04.2024 | Bilibili overhauls main site operating unit as profitability timeline looms | Bilibili’s main site operating center has been replaced by five relatively independent category units in a recent overhaul, according to a Monday report by media outlet LatePost. The move comes as part of efforts to split the video streamin... |
| 01.04.2024 | JD to offer cheaper delivery services, bets big on on-demand sector | Chinese online retailer JD has lowered its free-delivery minimum order for one-hour delivery services to RMB 29 ($4.01), shortly after the e-commerce titan set on-demand services as one of its “must-win battles” in 2024. This type of busine... |
| 29.03.2024 | China’s online video market shines with expanding short video capabilities | Online video services have gradually become “a key engine to activate the new quality productivity” of the digital economy, said the China Netcasting Services Association (CNSA) in a report, as the market size totaled RMB 1.15 trillion, con... |
| 29.03.2024 | AliExpress to sponsor Euro 2024, urges merchants to prepare well amid surging traffic | Alibaba’s cross-border e-commerce platform AliExpress secured a deal to become an official partner of UEFA Euro 2024, doubling down on its bet in the European market that echoed rival Temu’s multimillion-dollar investments in the Super Bowl... |
| 29.03.2024 | Sungrow Powers Its Way into the Prestigious 2024 Fortune Asia Future 30 | HEFEI, China, March 29, 2024 /PRNewswire/ -- Sungrow, a global leading PV inverter and energy storage system supplier, has emerged as one of the standout companies on the 2024 Fortune Asia Future 30 list. The list, which recognizes the most... |
| 22.03.2024 | Ex-Alibaba CEO joins lesser-known capital firm for new career | Daniel Zhang, the departing chairman and chief executive of Alibaba, has joined Firstred Capital as a managing partner, the Chinese investment fund announced on Thursday. “Daniel Zhang will partner with the fund’s founder, Liu Xiaodan, to e... |
| 22.03.2024 | Ele.me outlines business plan for the next three years amid leadership reshuffle | Chair of Ele.me Wu Zeming said the new management team has outlined the food delivery arm’s operating plan for the next three years, which it has formed in discussion with its parent company Alibaba. The move is “the best response” to exter... |
| 21.03.2024 | Last War: Survival Game boosts FirstFun to fifth in Chinese mobile game publishers | In February, Tencent, NetEase, miHoYo, Century Games, and FirstFun emerged as the top five mobile game publishers among Chinese firms in terms of global mobile game revenue, according to the analyst firm SensorTower. The strategic game Last... |
| 20.03.2024 | miHoYo cracks down on Genshin Impact private server operators, main offender sentenced | Chinese game developer miHoYo’s recent legal actions against private server operators for its hit title Genshin Impact resulted in significant penalties, with chief instigator Yin sentenced to four years and six months in prison and fined R... |
| 19.03.2024 | Alibaba’s grocery unit head steps down in latest overhaul: report | Hou Yi, who founded Freshippo in 2016 as a new retail practice for Alibaba, announced on Monday his decision to step down as chief executive in a surprise move, amid frequent sale rumors overshadowing the supermarket chain. Chief financial ... |
| 18.03.2024 | GSR Ventures exec says no to LLMs, opts for market-ready AI products | Artificial IntelligenceNews
Miguel Cordon · 18 Mar 2024 · 2 min readGSR Ventures exec says no to LLMs, opts for market-ready AI products
Shanghai view / Photo credit: Pixabay
Allen Zhu, a seasoned investor and managing director for GSR Vent... |
| 15.03.2024 | I-Mab Reports Full Year 2023 Financial Results and Business Update | Recently announced agreement to divest assets and business operations in China marks an important milestone for the Company; the transaction is expected to close by the end of March 2024
Uliledlimab (CD73 antibody) on track to file an IND i... |
| 14.03.2024 | NIO’s first mainstream model glimpsed in leaked pictures | NIO’s long-awaited new mainstream brand will be called ONVO, or Le Dao in Chinese pinyin, meaning a happy and well-managed family, as the luxury electric vehicle maker looks to expand its reach to young Chinese families with more accessible... |
| 14.03.2024 | Whiteout Survival achieves $500 million revenue within one year of release | The analyst firm SensorTower unveiled the top 30 mobile game chart for February, highlighting titles from Chinese developers based on their overseas revenue from both Google Play and the App Store. The top five Chinese mobile games were Whi... |
| 13.03.2024 | Chinese GenAI venture raises $14 million, claims itself akin to Sora | Chinese GenAI startup AIsphere, aiming to be as powerful as Sora technically within six months, announced on Monday that it has raised RMB 100 million ($13.9 million) in a Series A1 financing round led by Shenzhen-based Fortune Venture Capi... |
| 11.03.2024 | Sony China refutes recent reports of smartphone withdrawal in China | On March 10, Sony China refuted recent rumors that its new smartphones may cease sales in China, affirming the stability of all its operations in the country, including its smartphone business. China remains one of Sony’s most important ove... |
| 08.03.2024 | CCTV debuts AI anchors as part of Two Sessions coverage | The Two Sessions, the annual meetings of the National People’s Congress and the Chinese People’s Political Consultative Conference, were held as scheduled in Beijing from March 5 to 11. With technical support from Alibaba’s Ant Group, the s... |
| 08.03.2024 | Genshin Impact developer miHoYo makes debut in top 10 among global top 50 publishers | On Thursday, based on user expenditures in 2023, the mobile app intelligence platform Data.ai released a list of the top 50 mobile application publishers, with miHoYo making its debut in the top 10. The US leads the top 50 with 18 publisher... |
| 08.03.2024 | Douyin restructures local service sector to counter rivals: report | TikTok’s sister app Douyin has reportedly reorganized its local service department geographically into three regions – North, Central, and South districts – as competition with Meituan in the sector has entered a new phase. A fresh unit ser... |
| 06.03.2024 | Hit otome game Love and Deepspace achieves nearly seven million active users in its first month | On Tuesday, the market intelligence platform QuestMobile released the 2024 Women’s Economy Insights Report that highlights Papergames’ Love and Deepspace as January’s top otome (female-focused romance) game in China, with an impressive 6.78... |
| 05.03.2024 | WeChat now allows direct joining of DingTalk meetings | Tech giants Alibaba and Tencent appear to have further frosty relations as WeChat users are now allowed to join DingTalk meetings directly via the messaging app, DingTalk announced in a statement on Monday. This move breaks with the previou... |
| 05.03.2024 | Li Auto shares plunge on bleak order forecast for first BEV | Li Auto shares plunged nearly 14% on Monday, partly influenced by analysts’ bleak forecasts for the order intake of the company’s first battery electric vehicle model, the Mega. The vehicle was unveiled on March 1 with a higher-than-expecte... |
| 04.03.2024 | China’s Fudan University launches AI app for visually impaired individuals | On March 2, Fudan University’s Natural Language Processing Laboratory (FudanNLP) launched the AI-based app Hearing the World, which is designed for visually impaired individuals as an intelligent life assistant. Built upon the multi-modal m... |
| 04.03.2024 | Alibaba’s Ele.me head to step down amid shift to younger leadership | Alibaba’s food delivery head Yu Yongfu is scheduled to step down on the last day of March, coinciding with the end of the company’s 2024 fiscal year, as part of a recent management overhaul at the tech giant. Over three years, Yu has been i... |
