28-year-old ByteDance employee died suddenly
On the evening of February 22, a 28-year-old ByteDance employee died suddenly in his workplace gym, according to a post on social media.
Volkswagen intends to acquire Huawei’s self-driving business
Recently, Chinese media reported that Volkswagen Group is negotiating with Huawei and plans to acquire Huawei’s autonomous driving unit for billions of euros. More specific information on the cooperation is likely to be released at the end of March. According
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,
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
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
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.
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
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
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
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
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
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