Ximalaya, a Tencent-backed podcasting and audio book platform, made a profit for the first time in its 10 year existence during the fourth quarter of 2022, founder and CEO Yu Jianjun said at the company’s year-end meeting. Yu pointed to Ximalaya’s improved strategy and organizational clarity, as well as its ongoing cost-cutting measures, in helping […]

Activision Blizzard, the major US game developer behind hit franchises Warcraft and Overwatch, has taken to Chinese social media to state that its offer to extend its licensing agreement with NetEase has been declined, Reuters reports. Blizzard posted a statement on its official Weibo account saying that the Chinese gaming giant had turned down its […]

Xpeng Motors said on Monday that it will open four vehicle delivery and service centers for the European market in Norway, the Netherlands, Sweden, and Denmark in the first half of 2023. The Chinese electric vehicle maker began delivering Chinese-made electric vehicles to Norway in September 2020 and has opened several showrooms in cooperation with […]

Didi has been given the green light by the Chinese government to resume registering new users for its ride-hailing app and downloads through app stores after it made a “comprehensive rectification” over the past year, the company announced on Monday. This marks the official end of China’s 18-month investigation into Didi for alleged cybersecurity compliance […]

Chinese electric vehicle maker Avatr is aiming for deliveries of more than 100,000 vehicles in 2023, as the company is on track to launch its second production model, a mid-to-large-sized electric sedan. The EV brand did not reveal further details about its second car, but added that it will also launch a rear-wheel drive version […]

On Monday, Tencent said it had fired over 100 people for violating company policies in 2022. The figure marks an increase on 2021’s number of nearly 70, and reflects what CEO Pony Ma labeled at an internal staff meeting last month as a “shocking” corruption situation at the company. The violations typically involved illegal misappropriation […]

One month after Bilibili launched its new animated adaptation of The Three-Body Problem, rival Chinese streaming platform Tencent Video has revealed the first episodes in its own, live-action TV series based on Liu Cixin’s Hugo Award-winning sci-fi novel. The first episode was made available on Tencent Video, Migu Video, and China Central Television 8 on […]

In November 2022, China saw a more than 21% drop in semiconductor sales, the biggest fall among major markets, according to data released by the Semiconductor Industry Association (SIA) on Monday. Worldwide chip sales were down 9.2% from last year. The data reflected continued weak demand in the market and “cyclicality and macroeconomic headwinds,” SIA […]