Business

Meituan Dianping Net Profit Up 82% In Q2 2020

Meituan Dianping recently published its interim performance report for 2020, stating that during the second quarter of 2020, the company's operating revenue reached CNY24.72...

Xiaopeng Motors Eyes NYSE Listing On August 27

According to reports in foreign media, Xiaopeng Motors plans to submit its IPO application this week and the company will be officially listed on...

Samsung To Close Last Computer Factory In China

According to reports in foreign media, Samsung recently announced to terminate operation of its last computer factory in China. The factory is located in Suzhou...

Baidu, CNBM Signed Strategic Cooperation Agreement

According to reports in Chinese local media, Baidu and China National Building Material Group have signed a strategic cooperation agreement. Based on the agreement, the...

Tencent May Bid For French Mobile Game Publishing Company Voodoo

According to reports in foreign media, Tencent is considering bidding for a minority stake in French mobile game publisher Voodoo. Voodoo's representative works include Roller...

Microsoft To Separate Xiaoice Into Independent Company

Microsoft announced to separate its artificial intelligence Xiaoice business into an independent company with Shen Xiangyang as chairman, Li Di as CEO, and Chen...

Alibaba, Galanz Sign Cooperation Agreement

According to reports in Chinese local media, Alibaba and Galanz recently signed a cooperation agreement, under which the two parties will implement full digital...

Byton US Office To Cut Staff By End Of June

Chinese electric vehicle brand Byton recently sent an email to its employees in North American office, stating that the company would implement a layoff...

Cheetah Mobile Reported CNY31.76 Million AI Business Revenue In Q1 2020

Cheetah Mobile recently published its financial report for the first quarter of 2020, stating that the company's total revenue was CNY528 million and its...

ARM Removed China CEO

According to reports in foreign media, ARM China executive chairman and CEO Wu Xiongang was removed from his positions. Information from an insider revealed that...

Unisoc, Hisense Signed Strategic Cooperation Agreement

According to reports in Chinese local media, Unisoc announced to sign a strategic cooperation agreement with Qingdao Hisense. Under the agreement, the two parties will...

NetEase Established Studio In Japan For Next-generation Game Development

NetEase recently published an announcement on its official website, stating that the company established a next-generation console game research and development studio "Sakura Studio",...

360 Finance, KCB Bank Sign Strategic Agreement

According to reports in Chinese local media, 360 Finance's important relevant party 360 Group announced to invest in Tianjin KCB Bank. With this investment, Tianjin...

Intel Joined Ant Blockchain Ecosystem

Intel and Ant Blockchain recently announced strategic cooperation and completed remote agreement signing. After joining Ant Blockchain, the hardware leasing supply chain system based on...

Weibo Net Profit Down 188.68% In Q1 2020

Weibo recently published its unaudited financial report for the first quarter of 2020, stating that its net operating revenue was USD323.4 million, a year-on-year...

Bosch China Realized Operating Revenue Of CNY109.3 Billion In 2019

Bosch China recently announced its group operating revenue performance for 2019 during an online press conference. During the 2019 financial year, Bosch Group achieved sales...

Xiaomi To Acquire 27.44% Stake In Zimi For USD103 Million

Xiaomi Group recently published an announcement, stating that the group would acquire 27.44% shares of Zimi for USD103 million. Xiaomi Group will pay USD25.78 million...

Tongcheng-Elong Operating Revenue Down 43.6% In Q1 2020

Chinese online tourism service provider Tongcheng-Elong recently published its financial report for the first quarter ended March 31, 2020, stating that the company's operating...

360 Finance Published Annual Report For 2019

360 Finance recently published its annual financial report for 2019, stating that the company's net revenue reached CNY9.22 billion in 2019, a year-on-year increase...

Jumei.com Completed Privatization

Jumei.com recently announced its completion of privatization and the company was formally delisted from New York Stock Exchange. Jumei said in a report that the...

BYD Teams With Hino Motors For BEVs Development

China's BYD and Japan's Hino Motors recently signed a strategic business alliance agreement, which will focus on BEVs development cooperation. The two parties will accelerate...
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