Internet

360 Finance Announced Changes To Management

360 Finance recently published an announcement of organizational structure upgrade, which covers organizational structure adjustment and strategy update. According to the announcement, 360 Finance appointed...

Alibaba To Build AIoT Innovation Center

Aliyun IoT and Tmall Genie jointly announced plans to establish an AIoT innovation center, which will integrate Alibaba's technical abilities to fully enable the...

MIIT: China's Internet Companies Realized CNY471.9 Billion Revenue In First Five Months Of 2020

Ministry of Industry and Information Technology of China recently published the operating conditions of China's Internet and related service companies for the first five...

Australian Data Firm Exits China, Sells Business To Wisers

Sydney-based media monitoring firm Isentia has decided to leave the North Asia market by selling its assets, operations, and clients in mainland China, Hong...

58.com Operating Revenue Down 15% In Q1 2020

China's 58.com recently published its financial report for the first quarter ended March 31, 2020, stating that the company realized operating revenue of about...

Tencent Rumored To Acquire Southeast Asia Streaming Service Provider

According to reports in foreign media, Chinese social media and entertainment giant Tencent would acquire a controlling stake in Iflix, a streaming service company...

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...
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