News Archives - Page 10 of 11

23 February 2022

Author: Zhixin Wan

WeChat payment codes to resume normality from March

According to WeChat Pay, personal payment codes will resume normal use after March 1, 2022. Due to some financial risk issues, vendors were banned from using personal payment codes to receive money for business purposes last year. On February 22,

22 February 2022

News

Automotive Business Finance

Author: Zhixin Wan

Neta automobile completed over 2-billion-yuan new round of funding

Hozon Auto, the company that owns the Neta auto brand, has recently completed a new round of financing of more than 2 billion yuan. The primary investors are the CRRC fund controlled by the CRRC Corp and Shenzhen state-owned venture

22 February 2022

News

Livestreaming Sport

Author: Zhixin Wan

Kuaishou secures Champions League copyright

On February 21, Kuaishou Sports announced a copyright agreement with UEFA (Union of European Football Association), becoming the official live streaming and short video platform of the UEFA Champions League this season (2021/2022), as well as obtaining the authorization of

21 February 2022

News

Business Food & Beverage

Author: Zhixin Wan

China Post diversifies – opening its first ‘post office coffee shop’ in Xiamen

On February 14th, China Post became the most surprising player on the coffee track. Post Office Coffee, China Post’s first ‘post office coffee shop’, was officially launched in Xiamen. This is a directly owned and operated store by China Post.

21 February 2022

News

Commerce Finance Livestreaming Startups

Author: Zhixin Wan

Despite over £500k in sales, New Oriental’s livestreaming transformation is tough

On February 20th, New Oriental (09901. HK; EDU.US) reported 4.5 million yuan in revenues after the transformation of its E-commerce livestreaming service. According to the latest data on Weibo and Douyin, since the launch of their E-commerce livestreaming business Oriental

18 February 2022

News

Finance US

Author: Zhixin Wan

Charlie Munger believes investing in China can yield higher returns

On February 17, Charlie Munger, the 98-year-old vice chairman of Berkshire Hathaway, participated in the Daily Journal annual meeting to address several questions about why he increased his stake in Alibaba, how to judge the current economic environment in China

18 February 2022

News

Business

Author: Zhixin Wan

Some WeChat departments started to test the ‘1065’ work schedule

Some departments in the WeChat Business Group (WXG) have started a “1065” working hour system, starting at 10 AM and ending at 6 PM, Five days a week. The work schedule is being tried out from the Chinese New Year. Such

17 February 2022

News

Business Communication Consumer

Author: Zhixin Wan

Honor ranked second in Chinese smartphone market since splitting from Huawei

According to the last report released by Counterpoint, smartphone shipments in China declined 11% year on year in the fourth quarter of 2021. However, Honor moved up to second place in total smartphone shipments for the first time, ranking #1

16 February 2022

News

Business Communication

Author: Zhixin Wan

Xiaomi’s No. 12 founding member resigns

Li Weixing, a founding member of Xiaomi, former vice chairman and secretary-general of the company’s technical committee, has resigned. Li is reported to be one of the 13 people who ate millet porridge with Lei Jun (Co-founder and CEO of

16 February 2022

News

Communication Finance

Author: Zhixin Wan

Alexander Klöpping’s Foundation claims nearly €1b from Apple and Google

A foundation led by Alexander Klöpping, a Dutch entrepreneur, is gathering plaintiffs for a class-action lawsuit against Google and Apple. Klöpping says Apple and Google are abusing their dominance by charging app developers up to 30 percent commission for app

15 February 2022

News

Business Finance

Author: Zhixin Wan

Murder mystery game platform ‘LARP Master’ receives Series A financing from NetEase Group

Less than half a year from the last round of financing, the murder mystery game platform “LARP Master” recently received their series A strategic funding of tens of millions of yuan from NetEase Group. This round of financing will be

15 February 2022

News

Automotive Consumer

Author: Zhixin Wan

Didi Downsizes- ‘dramatic and significant’ staff cuts to Chinese Ride Hailing Service

Chinese ride-hailing giant Didi has reportedly started layoff plans for its ride-hailing, two-wheeler (E-bike), freight and other travel businesses, with an overall layoff rate of about 20%. The Internet industry is experiencing a downturn. Despite mass layoffs from large companies

News

Tags:

WeChat payment codes to resume normality from March

Neta automobile completed over 2-billion-yuan new round of funding

Kuaishou secures Champions League copyright

China Post diversifies – opening its first ‘post office coffee shop’ in Xiamen

Despite over £500k in sales, New Oriental’s livestreaming transformation is tough

Charlie Munger believes investing in China can yield higher returns

Some WeChat departments started to test the ‘1065’ work schedule

Honor ranked second in Chinese smartphone market since splitting from Huawei

Xiaomi’s No. 12 founding member resigns

Alexander Klöpping’s Foundation claims nearly €1b from Apple and Google

Murder mystery game platform ‘LARP Master’ receives Series A financing from NetEase Group

Didi Downsizes- ‘dramatic and significant’ staff cuts to Chinese Ride Hailing Service

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