Not just Ofo: China’s car-sharing companies face cash crunch
Like Ofo, car rental companies face an uphill battle to break even, let alone turn a profit.
Briefing: Huawei to lay off employees and cut costs as economy slows
Huawei founder says company will exercise caution on lay offs, while warning employees to prepare for hard times.
Xiaomi forms Africa-focused business unit as overseas sales rise
The company has seen success in the overseas market, where it generated more than 40% of its revenue in the third quarter of 2018.
Briefing: Bytedance’s enterprise messaging app Lark announces Chinese name
The app also got a makeover, dropping its blue bird logo in exchange for a paper airplane.
Briefing: iPhone assembler Foxconn prematurely laid off 50,000 contract workers
The news comes after Tim Cook's admission that Apple is losing ground in its biggest market.
Briefing: Ctrip eyes Europe amid rising domestic competition
The company has more than 300 million registered users and nearly half of its monthly active users come from outside of China.
Briefing: DJI places 45 employees under investigation for corruption
Tech giants including Tencent, Baidu, Huawei, JD, and Meituan-Dianping have all launched similar initiatives.
Briefing: Canadian phone company Telus says Huawei is ‘viable and reliable’
An endorsement from a major Canadian corporation offers some much-needed support to Huawei in Canada.
