Chinese Quora-like platform Zhihu reported revenue of RMB 911.7 million ($128.2 million) for the third quarter of 2022 on Wednesday, a 10.7% yearly increase. The figure beat the average estimation of six analysts from Yahoo Finances. Net loss, meanwhile, was RMB 297.6 million, narrowing by 38.9% from last quarter but expanding by 10.3% from last […]

Apple announced the winners of its App Store Awards 2022 on Tuesday, with two Tencent-affiliated gaming titles among those picking up prizes. Apex Legends Mobile, co-developed by Electronic Arts (EA) and Tencent’s LightSpeed Studios, was awarded iPhone Game of the Year. The title was initially one of the most successful player-versus-player titles on PC and […]

Making Friends, a company co-founded by Chinese tech celebrity Luo Yonghao, is using Douyin to launch training courses on how to make money via TikTok’s overseas e-commerce services, in the entrepreneur’s latest venture, Chinese tech media outlet 36Kr reported on Tuesday. The training courses mainly focus on market analysis, industry consulting, and agency operations according […]

Market research firm IC Insights projected a 5% fall in global semiconductor sales to $604.2 billion in 2023 in a report released on Monday. The report attributes the decline to the struggling global economy, soft demand for PCs and smartphones, and continued weakness in the memory chip market. Without the addition of object storage device […]

Apple supplier data suggests the firm has become less reliant on China since the beginning of the Covid-19 pandemic, with component manufacturing locations in the country dropping from 44% to 47% in 2019 to 41% in 2020 and then to 36% for 2021, according to a new analysis by Reuters. Apple’s annually released supplier list […]

Chinese e-commerce giant JD is reportedly considering pulling out of its operations in Indonesia and Thailand early next year, as the company fails to make a profit in the countries despite major investment in the Southeast Asian market. Chinese online media outlet Xiaguangshe reported on Tuesday, saying that the company has spent more than RMB […]

Chinese EV startup Nio will tap into cloud computing and high-definition mapping services offered by Chinese tech giant Tencent to develop autonomous driving software and improve customer experience, the companies said on Monday. The move is expected to enable the electric vehicle maker to access continually updated monitoring of road conditions and process a large […]

Two people died and one was wounded on Monday when a Tesla Model Y rear-ended a small vehicle and then crashed into another in the eastern Chinese city of Taizhou. The cause of the accident is still under investigation, local media outlets quoted traffic police. The US automaker said it is actively providing assistance to […]

Chinese video platform Bilibili’s shares rose more than 10% in US pre-market trading on Tuesday after it reported better-than-expected earnings for the third quarter of 2022. The dual-listed company, trading on both the Nasdaq and Hong Kong stock exchanges, saw its revenue increase 11% to RMB 5.8 billion ($814.5 million), while net loss narrowed by […]