The startup also sued Tencent for patent infringement, demanding RMB 80 million for using patented technology in Tencent’s mapping service.
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Posted inHeavy Hitters
ByteDance’s Zhang Yiming to step down as CEO
Zhang will move to focus on long-term strategy and social responsibility of ByteDance. Co-founder Liang Rubo will take his place.
Posted inTurf Wars
Meituan cuts power bank rental service and adds ride-hailing app: Retailheads
Meituan cuts back on mobile power bank rentals while bringing back a ride-hailing app, as market leader Didi faces a cybersecurity review.
Posted inUp and Comers
Honor unveils first handset since Huawei split
The launch shows that the split is an initial success, as the Honor phone contains technology that Huawei still finds difficult to acquire.
Posted inWith Chinese Characteristics
Chinese tech giants donate more than RMB 1 billion to flood-hit Henan
As deadly floods hit central Henan province, Chinese tech majors collectively donated more than RMB 1 billion ($154.5 million) as of Thursday.
Posted inHeavy Hitters
Social commerce app Xiaohongshu hires CFO ahead of likely IPO: report
Xiaohongshu, the $6 billion firm backed by Alibaba and Tencent, could join an increasing list of Chinese tech firms heading to the public markets.
Posted inUp and Comers
Mixed reality startup Nreal readies global expansion
Eight months after a US court rejected Magic Leap’s IP theft lawsuit against Nreal, the mixed reality startup prepares for a US launch.
