Net worth of Pinduoduo CEO soars to $14 billion after US IPO debut

Pinduoduo founder and CEO Huang Zheng’s wealth soared to $14 billion with the public listing of his social e-commerce…


Mercedes-Benz parent company Daimler deepens partnership with Baidu

Daimler deepens ties with China’s Baidu on automated driving - TechCrunch What happened: Baidu and Daimler, the parent…


Baidu given green light to manage top-level domain ".BAIDU”

Baidu has received official approval (in Chinese) from the Ministry of Industry and Information Technology (MIIT) to be…


Guangzhou court to streamline submission of evidence from WeChat, QQ

Nansha District People’s Court in Guangzhou will allow easier acceptance of electronic records from QQ, WeChat, Alipay,…


Chinese enterprise blockchain startup Nervos raises $28 million

Chinese enterprise blockchain startup Nervos Network has raised $28 million from Polychain Capital and Sequoia China,…


LeEco

Shenzhen Stock Exchange questions LeTV for using blockchain as a buzzword

Leshi Internet Information and Technology, previously known as LeTV,  has been questioned by Shenzhen Stock Exchange…


Lei Jun is a billion dollars richer after Xiaomi’s mega IPO

After a disappointing debut on Monday, Xiaomi’s shares rose above HK$20 for the first time today. As company shares…


Tesla establishes new technology innovation center in Beijing

US electric vehicle maker Tesla Motors has set up a technology innovation center in Beijing, Ren Yuxiang, Vice…


抖音 Douyin dou yin tik tok

Short video app Douyin permanently shuts down 33,000 user accounts

Popular short-video app Douyin (also known as Tik Tok) created by ByteDance is going thorough clean up removing a total…


xpeng

Chinese answer to Tesla Xpeng rumored to raise $600-$700 million at $4 billion valuation

Chinese electric vehicle startup Xiaopeng Motors (Xpeng) is reportedly in talks with Alibaba and other investors to…