Industry Archives - Page 317 of 320

Tencent Strategically Invested Chinese Broker CICC

On the evening of Today (September 20), China International Capital Corporation Limited (CICC) announced in Hong Kong Exchanges and Clearing Limited (HKEx) that Tencent as strategic investors subscribed 207.5 million shares of CICC, accounting for 12.01% of CICC H shares and 4.95% of the total share. The subscription price is 13.80 HKD per share. The […]

China removes the ban on portable electronic devices onboard

Civil Aviation Administration of China (CAAC) will allow using specified PEDs (portable electronic devices) onboard. On September 18, in the routine press conference of CAAC, Zhu Tao, the vice leader of the Flight Standards Department, said that the Ministry of Transport recently passed the fifth amendment of the Approval Rules on Operation Qualification of Large […]

Miss Fresh Completed $230 Million Financing, focusing on the “Cloud Refrigerator” Strategy

Introduction: From IYIOU.com on September 20. Miss Fresh(每日优鲜), an e-commerce fresh product company, announced that it had completed $230 million dollars C+ round financing in March this year, with Tiger Global and Genesis Capital as leading investors and Time Capital as joint investor. This round of financing is mainly used for the expansion of storehouses […]

More splendid than Mix 2, Xiaomi’s Mi 7 will have the high-end all-screen display

This year Xiaomi launched Mi 6 and Mix 2 which enjoys good reputation and outperforms last year’s products both in sales and product features. Xiaomi’s flagship products launch event is about to end, next, Xiaomi will put its R&D focus on Xiaomi Mi 7, which will be released at the beginning of next year. Recently, […]

JD.com Officially Enters the Real Estate E-Commerce Business

On September 18, Zeng Fuhu, former VP of Sohu net and GM of Sohu Focus, confirmed to All Whether TMT that he officially joined JD.com at the end of July and served as GM of JD.com real estate department. The department, which was recently formed, is now hiring staff. Jd.com will also add a new […]

Apple’s core chip tech is in the hands of an 86-year-old Chinese

Apple unveiled the new iPhone X at the Steve Jobs Theater at 1am on September 13. When it comes to Apple, the vast majority only know new products, Jobs, but few know that Apple’s “core chip” technology is in the hands of an 86-year-old Chinese American. On Apple’s website, the iPhone X introduced its processor […]

Ant Financial will launch Face ID for package pickups

On September 14, Alipay and Cainiao Global held the Global Logistics and Supply Chain Conference (GLSC) in Shanghai, and announced that they will provide services for SMEs form the most basic payment to marketing, credit, and finance businesses. At the same time, the Ant Financial will use face recognition technology in the logistics industry, so […]

“Shared Girlfriends” are now Available in China

With the buzzword “Sharing Economy” spreading like wildfire recently, some folks online started joking about having sharable girlfriends next. Taqu (Touch), a popular Chinese adult product m-commerce and socializing app that just went listed on NEEQ (National Equities Exchange and Quotations), recently launched a service for delivering “shared girlfriends”. However, the service isn’t delivering actual […]

Weibo will livestream League of Legends 2017 Global Finals

On September 13, Weibo announced that it became the official strategic cooperation partner of the League of Legends in China. Weibo will broadcast live coverage of the 2017 League of Legends world finals, which will be held from September 23 to November 4. At present, eight platforms will live broadcast 2017 League of Legends global […]

The National Internet Finance Association of China says Bitcoin becomes tools in criminal activities

In recent years, the so-called virtual currencies, including Bitcoin, Litecoin, and various forms of tokens, have been traded in a centralized manner on several internet platforms. As such trading attracts more participants, related financial and social risks have reached to a level that cannot be ignored. In order to help the public correctly know about […]

Tencent and Alibaba Announces a Music Copyright Cooperation

Tencent and Alibaba reached an agreement on music copyright cooperation and granting exclusive music licensing rights to each other. This cooperation casts a massive shadow on another popular music streaming app in China—NetEase Music. With its IPO drawing near and the recent news of its new round of financing (worth about 300 million USD), Tencent […]

News of Bitcoin ban leads to underselling and bargain-hunting

After the Initial Coin Offering (ICO) was banned, Bitcoin receives another blow. On the evening of September 8th, news came that the supervisory authority decided to shut down the virtual currency trading platforms in China, which involves all the platforms between the virtual currency and legal tender represented by OKCoin, HUOBI and Bitcoin China. As […]

Well-known Quantum Technology Scientist Yaoyun Shi Joined Alibaba

Yaoyun Shi, a world-renowned quantum computing scientist, tenured professor of the University of Michigan and winner of Career Award, National Science Foundation, USA, has officially worked for Alibaba and now serves as the chief quantum technology scientist for Alibaba Cloud Computing Co. Ltd. Shi is another top scientist that works for Alibaba since the company […]

Xiaomi Released Full-screen Mix 2 for at least 3,299 yuan

In the afternoon of Sept. 11, Xiaomi released three products in Beijing, one of which is the highly anticipated full-screen second-generation product, Mix 2. The price starts at 3,299 RMB and the shipments start this Friday. Xiaomi CEO Lei Jun said that the Mix released last year by Xiaomi shook up the global tech media […]

Pony Ma Says Tencent Will Invest Vigorously in Cloud Computing, AI and Big Data

Outline: Anything linked to cloud computing and AI will be involved with big data. The development of these technologies are undoubtedly where the future is headed towards. On September 8th, the Chairman and CEO of Tencent, Pony Ma, delivered a speech at the Tsinghua University Insight Forum. On the topic of the integration of business […]

China has new Internet regulations

The Cyberspace Administration of China (CAC) issued the Regulations on the Administration of Internet Group Information Services, which will be implemented on October 8, 2017. With the rapid development of mobile Internet, the Internet group has facilitated people’s work and life and enhanced the spiritual and cultural exchanges. At the same time, however, some obscene […]

Drone regulations in the “Capital of Drones” Shenzhen wins applause

Local authorities across China began rolling out new drone regulations. Wu Xi, a southeastern city in Jiangsu province and Sichuan already had such regulations. On September 7, Shenzhen’s Legislative Affairs Office followed suit by issuing Management Rules of Small Unmanned Aerial Vehicle(UAV) (Briefly, Shenzhen Guidelines) and solicited opinions from the public. Shenzhen is known to […]

Beijing stops launching new sharing bikes and to issue guidance

On September 7, the Beijing Municipal Commission of Transport convened managers of the district management departments and 15 sharing bike companies. After listening to the opinions and advices on sharing bikes’ delivery and management, the commission decided to stop putting new sharing bikes into markets. All the sharing bike companies show their understanding and support […]

Beijing’s First Unstaffed Coffee Shop Open for Business But Faces Several Challenges

An unstaffed coffee shop named Youhuan Bar (lit. Friends Bar) opened at the University of International Business and Economics. A reporter from Beijing Business Today (BBT) happened upon the coffee shop on the first floor of a building not far from the fields. The shop is about 10 square meters in area, and is equipped […]

Lei Jun says Xiaomi is a retail business and the goal is to be another MUJI

“I believe for most people, the “MI” brand is quite familiar. But few of them know Xiaomi well.” Lei Jun said so in a public speech on August 31. On August 31, at 2017 China Consumption Transformation and Upgrading Summit held by Shanghai International Business Conference, Lei Jun delivered a speech named Enhancing Efficiency is […]

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