NewsCHINA BRIEF | Baidu denies intentions to delist from NasdaqThe company’s shares have fallen more than 60% since its peak in May 2018. 1 min read
Despite a sharp drop in first-quarter sales because of the coronavirus pandemic, smart speaker shipments in China are projected to grow 9.8% in 2020. NewsChinese e-commerce giant Alibaba to invest USD 1.4 billion to build ecosystem around its Tmall Genie smart speaker2 mins read
The firm’s value has risen more than a third within two years. NewsCHINA BRIEF | ByteDance’s market capitalization hits between USD 100 billion and USD 140 billion1 min read
The on-demand delivery giant is expanding to other local life services as it aggressively marches into the power bank sharing business. Visual StoriesKEY STAT | Meituan dominates food delivery and looks to enter power bank market2 mins read
Tencent’s enterprise version of WeChat saw huge user growth during the outbreak period as it embraced the transition to remote work. Visual StoriesKEY STAT | 220 million people hosted online meetings on WeChat Work2 mins read
Active user number retained high growth speed for the third consecutive quarter despite the COVID-19. Visual StoriesKEY STAT | JD.com books USD 20.6 billion in Q1 revenues, beating analysts’ expectations2 mins read
Last week Zomato also announced cutting 13% of its total workforce. NewsSwiggy lays off 1,100 employees and shuts other businesses3 mins read
A total of 15 million companies have joined Dingtalk, according to the platform’s CEO Chen Hang. NewsCHINA BRIEF | Alibaba’s DingTalk reaches 300 million users as COVID-19 shifts life online1 min read
Bytedance is a latecomer in the IoV sector filled with players including Alibaba, Tencent, and Baidu. NewsByteDance steers into automobile sector with plans to integrate Douyin and Toutiao into cars2 mins read
