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How will the future of China’s Internet companies be reshaped after massive layoffs?
The large-scale layoffs happening at those leading companies indicates that the era of disorderly expansion, where the scale was traded for growth, is over. Internet
Vivo X series officially confirmed to replace NEX series
Vivo abolished the NEX business unit and its affiliated organizations, as part of internal restructuring in February.
China’s next-generation Beidou system will be completed by 2035
China will complete the research and development of a new generation of Beidou system, achieving the construction of a space-time system by 2035.
No more unverified vendors in live streaming sessions
On March 2, China’s Supreme People’s Court issued the Regulation on Several Issues Concerning the Application of Law in the Trial of Internet Consumer Dispute
Meituan set up a low-altitude logistics tech company in Shenzhen
On March 3, Meituan Low Altitude Logistics Technology Co., Ltd. was founded in Shenzhen, with legal representative Mao Yinian and registered capital of RMB 10
Meituan releases support measures for small and medium-sized merchants
On March 1, Meituan announced several initiatives to help small and medium-sized businesses hit by the COVID-19 pandemic. These initiatives mainly provide assistance from two