Major Chinese video platform Bilibili shut down its TikTok-like short video app Qing Video (our translation) on Thursday. Launched in 2018, Qing Video was intended to be a short video platform to rival Douyin, incorporating Bilibili’s famous “bullet comments” feature, live lines of users’ comments that shoot across the screen. The app reached a peak […]
Xpeng confirms September launch for G9 model
Xpeng Motors will begin taking orders in August for its upcoming electric crossover G9, with the launch scheduled this September and vehicle delivery coming soon after that, chief executive He Xiaopeng announced Wednesday via social media platform Weibo. He claimed that the five-seater sport utility vehicle will be able to accelerate to 100 kilometers per […]
Four takeaways from Tencent’s annual gaming conference Spark 2022
Tencent is expanding its existing advantage in popular titles and mobile games while developing more expensive blockbuster projects.
JD extends partnership with Tencent for three more years
Chinese e-commerce giant JD announced on Wednesday that it has signed a strategic agreement with Tencent for another three years, continuing the partnership established in May 2019. Tencent will continue to offer JD promotional slots on its instant messaging platform WeChat and the two firms will collaborate further on social media, advertisements, and memberships. JD […]
Boss Zhipin and Full Truck Alliance approved to resume new user registrations
On Wednesday, three apps that were placed under China’s cybersecurity review last summer, around the same time as Didi was put under a similar investigation, received state approval to resume new user registrations. Online recruitment firm Boss Zhipin, which debuted on Nasdaq under the name Kanzhun, and Full Truck Alliance, which owns two trucking logistic […]
China further eases Covid-related travel controls by loosening rules on travel tracker
China’s Ministry of Industry and Information Technology (MIIT) announced on Wednesday that it will stop applying asterisks to names of cities that have recently seen Covid-19 outbreaks on its travel tracker, in a sign of a further easing of the country’s Covid-19 controls. On Tuesday, China announced that it will cut the quarantine time required […]
Alibaba Cloud launches carbon management platform for business clients
On Thursday, Alibaba Cloud launched a carbon management platform called Energy Expert for business clients. Through a prebuilt calculation model, the platform can help firms measure, analyze, and manage the carbon emissions of their business activities and products. The model can utilize public emission factors datasets and the software’s proprietary datasets to quantify the carbon […]
Nio shares fall in Hong Kong after attack by US-based short seller
Shares of Chinese electric vehicle maker Nio plunged 11.4% to HK$165.5 ($21) in Hong Kong on Wednesday, after short-seller Grizzly Research released a report accusing the company of overstating its net income by as much as 95%. Nio denied the allegations in a statement published on Wednesday, saying that the report is without merit and […]
Chinese automakers rush to fund domestic chip startups to tackle shortage
The investment in Horizon reflects Chinese automakers’ growing anxiety about the ongoing semiconductor shortage.
Car manufacturing in Shanghai recovers to pre-lockdown levels: industry group
Auto production from major automakers in Shanghai has recovered to pre-lockdown volume, with supply from more than 1,000 local parts makers returning to normal, the China Passenger Car Association said on Tuesday. Daily output from SAIC, including its own-brand cars and those manufactured with Volkswagen and General Motors, has returned to around 13,000 vehicles as […]