Internet

China Commodities City To Establish JV With Alibaba

According to reports in Chinese local media, Zhejiang China Commodities City Group and Alibaba will jointly invest to establish a joint venture company. Based on...

Iqiyi Appointed New VP For Overseas Market Strategy

Chinese video website Iqiyi recently announced to appoint Kuek Yu-Chuang as vice president to lead the company's international market strategy planning, market expansion, and...

LianLian Pay Became Official Collection Service Provider Of Wish

China's LianLian Pay recently announced that the company has reached strategic cooperation with the international mobile e-commerce platform Wish and LianLian Pay formally became...

Meituan Operating Revenue Down 12.6% In Q1 2020

Meituan Dianping recently published its financial report for the first quarter of 2020, stating that its operating revenue was CNY16.754 billion, a year-on-year decrease...

Tencent To Invest CNY500 Billion In New Infrastructure Construction In Next Five Years

Tang Daosheng, president of Tencent's cloud and smart industry group, recently reviewed during a media interview that Tencent will invest CNY500 billion to further...

Baidu CIO Li Ying Promoted To Group VP

According to reports in Chinese local media, Baidu announced to promote its CIO Li Ying to vice president of Baidu Group. Meanwhile, Li will continue...

Tencent Net Profit Up 6% In Q1 2020

Tencent Holdings recently published its unaudited comprehensive results for the first quarter of 2020. According to the report, Tencent's total operating revenue reached CNY108.065 billion...

Xiaomi To Launch E-commerce Service In India

According to reports in foreign media, Xiaomi said that the company will soon launch an e-commerce service in India to allow consumers who are...

Giant Interactive Group Published Financial Report For Q1 2020

Chinese online game company Giant Interactive Group recently published its financial report for the entire year of 2019 and the first quarter of 2020. During...

China's Online Education Users Reached 423 Million By March 2020

China Internet Network Information Center recently published its 45th Statistical Report on China Internet Network Development, stating that by March 2020, China had 904...

Hulu's Former Executive Joined TikTok

According to reports in foreign media, TikTok has appointed Nick Tran, former executive of Hulu, as its new marketing director of North America. Nick worked...

ByteDance To Hire 10,000 Employees Worldwide

According to reports in foreign media, ByteDance launched a new round of recruitment and the company plans to hire 10,000 employees worldwide. Of the 10,000...

JD To Invest Over CNY6 Billion In Hubei In Next Three Years

JD Group recently announced that they would invest over CNY6 billion in Hubei over the next three years to fully promote local economic recovery...

Bilibili Gained USD400 Million Strategic Investment From Sony

According to reports in Chinese local media, Bilibili.com announced that they have gained a strategic investment of USD400 million from Sony. Meanwhile, the two parties...

Tencent Becomes Largest Shareholder Of Huya.com

Chinese online live show platform Huya.com announced that Tencent's wholly-owned subsidiary Linen Investment Limited recently sent a notice to Huya, stating that the company...

China Reading, Tencent Music Entertainment Group Reached Strategic Cooperation

China Reading and Tencent Music Entertainment Group recently reached strategic cooperation and the two parties will work together to develop long audio work market. According...

Tencent Reported Operating Revenue Of CNY377.2 Billion For 2019

China's Tencent recently published its financial report for the fourth quarter and the entire year of 2019. According to the report, Tencent's operating revenue in...

JD To Repurchase USD2 Billion Stock In Next 24 Months

Chinese e-commerce platform JD announced that its board of directors had approved a stock repurchase plan and the company would repurchase up to USD2...

Kunlun To Sell Grindr For CNY4.2 Billion

Chinese gaming company Beijing Kunlun Tech Co Ltd recently published an announcement, stating that the company will sell 98.59% stake in Grindr to San...

Delvaux Enters JD

Belgian luxury brand Delvaux recently reached cooperation with Chinese e-commerce platform JD and opened its official flagship store on the platform on March 5,...

Tujia Announced Executive Changes

China's lodging-service sharing and booking platform Tujia.com recently announced personnel changes, stating that Chen Gang, CEO of Qunar, will be CEO of Tujia simultaneously;...
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