Didi to lay off 2,000 employees amid rumors of record losses

Chinese ride-hailing giant Didi will this year lay off 15% of its employees,…


Alibaba acquires 8% stake in Bilibili to double down on content-driven e-commerce

(Image credit: Bilibili) Chinese tech giant Alibaba announced through an SEC…


Users said social app Love Bank led them on with RMB 1,000 promo

Advertisements for Love Bank said couples could win RMB 1,000 after checking in…


Zhejiang education department limits students' online time in draft regulations

Education officials in the eastern Chinese province of Zhejiang have released…


Chinese police arrest suspect for selling tracking services to debt collectors

(Image credit: Bigstock/Marko Aliaksandr) Chinese police have arrested a man…


Chinese netizens divided after questions on Huawei appear on fifth grade exams

After questions casting smartphone brand Huawei in a positive light appeared…


Bytedance ups ante in Spring Festival hongbao battle, giving away RMB 1.6 billion

Bytedance increased the total value of red packets offered on three of its…


Didi

Didi rumored to have lost record RMB 10 billion in 2018

(Image credit: Didi) Chinese ride-hailing firm Didi is rumored to have lost of…


China's commercial AI and semiconductor industries are key to its geopolitical power: report

(Image credit: Bigstock/Freer Law) The success of China's commercial artificial…


Xiaomi has sold 1 million units of Redmi handsets after spin-off

(Image credit: Xiaomi) Xiaomi has sold 1 million units of its new device Redmi…