Dai Wei, the CEO of bike-sharing platform ofo, turned down a potential takeover by Didi Chuxing and called on employees to “fight until the end,” according to South China Morning Post.
Recently, the U.S. ban on sales to ZTE has aroused much attention to the chip industry in China. Today, Alibaba DAMO Academy (DAMO stands for Discovery, Adventure, Momentum, and Outlook) claims that it is developing a neural network chip called Ali-NPU
According to Hong Kong Economic Times, Xiaomi is expected to become one of Hong Kong’s first listed companies featuring “same shares with different rights”, and will submit application for going listed in Hong Kong as early as the beginning of May.
On April 2nd, Huawei Honor held a small product launch at its offline experience store in Suzhou. It officially released the new Honor 7A with a starting price of only 799 yuan ($127).
At the 2018 Computing Conference in Shenzhen on March 28, Simon Hu, Alibaba Group senior vice president and Alibaba Cloud president, announced that Alibaba will commit efforts in the Internet of Things (IoT), which will become Alibaba Group’s new focus after e-commerce, finance, logistics, and cloud computing.
On March 26, Baidu and Xiaoyu jointly held a product release conference in Beijing to release the first smart speaker with a screen, named the Duer Zaijia. Priced at 599 yuan ($96), it will start shipping on April 10.
On March 20, Huawei held a press conference in Changsha for the release of its new mobile phone, the Nova 3e. As a new member of the Nova family, the 3e received much attention before the release, especially from young users looking forward to the changes this new type of product will bring.
The rise of WeChat mini-programs, or “sub-applications” within the WeChat ecosystem, puts pressure on Apple and Chinese mobile phone brands.
On March 14, video website iQIYI, which previously announced its U.S.-based listing, set terms for its listing on Nasdaq by the end of March with the ticker symbol “IQ”.
Stephen Hawking has passed away at the age of 76. The top scientist has memorable stories in China.
On March 6, Haier announced its vision of future robots serving ordinary families, and officially entered the field of service robots. Haier also entered a strategic partnership with SoftBank to introduce SoftBank’s humanoid robot “Pepper” into the Chinese market.
On March 5, the first session of the 13th National People’s Congress (NPC) opened in Beijing’s Great Hall of People. NPC members Pony Ma, Wang Yaping, and Xu Liyi were interviewed by media.
Beijing-based media group Caixin Global reported that the list of companies issued China Depositary Receipts (CDR) has been released. The companies include BATJ (Baidu, Alibaba, Tencent, and JD.com), Ctrip, Sina Weibo, NetEase and Sunny Optical Technology.
On March 2, Bilibili submitted an IPO application (FORM F-1) to the U.S. Securities and Exchange Commission (SEC). Bilibili plans to list in the U.S. under the symbol “BILI” and aims to raise $400 million.
The 2018 Spring Festival broke numerous records in the film business.
Financial Times reported that Ant Financial is planning to raise $5 billion in a new funding round.
Xiaomi held its 2018 annual meeting on February 7. Company founder Lei Jun said 2017 was “the year of the reverse and breakthrough”. In October 2017, Xiaomi’s revenue exceeded 100 billion yuan ($15.88 billion). It took Xiaomi seven years to reach this level, which could be compared to Alibaba, Tencent and Huawei.
Aston Martin, the British super luxury car brand, announced a five-year trade and investment plan for the Chinese market.
On January 31, the China Internet Network Information Center (CNNIC) released the 41st statistical report of China Internet network development in Beijing. As of December 2017, China’s Internet population reached 772 million, with a penetration rate of 55.8 percent.
XPENG announced the start of its B round financing of 2.2 billion yuan in Hong Kong on January 29. The financing was led by Alibaba, Foxconn and IDG. XPENG will raise more than 5 billion yuan from the capital market.