IP属地 : 广东
I cover culture and business in China.
Missfresh Terminates Core Business Operation Amid Losses
The company held an internal online meeting on Thursday, informing the staff that most of the employees would be suspended from their work and that only a small proportion of the administrative, financial and human resource departments will continue to work at the company.
China Becomes the Biggest E-Sports Market: Report
The Chinese e-sports market contributes around one-third of the global revenues of e-sports events, making the country the biggest e-sports market in the world.
Kingsoft Cloud Applies for Dual Primary Listing in Hong Kong
After the assessment process is completed, Kingsoft Cloud will be listed on both the Stock Exchange of Hong Kong and Nasdaq in the United States.
Pony.ai, SANY Form Joint Venture to Develop Driverless Trucks with L4 Capacity
The two companies will be working together to create a high-end autonomous truck brand in China.
Shopify Undergoes Massive Layoff
The company’s share price fell by over 14% after the news broke. Shopify's share price has plunged 80% since last November.
China's First Oral Drug for COVID-19 Approved
It took Genuine Biotech 10 days to go from releasing Phase III clinical data to obtaining approval for its Azvudine tablets. Many industry insiders say the market for China's first COVID-19 drug is likely to be insignificant.
Alibaba Applies for Primary Listing in Hong Kong
The primary listing is expected to be completed by the end of 2022. Upon successful listing, Alibaba will become a dual primary listed company on the stock exchanges of Hong Kong and New York.
Faraday Future Puts Off the Production of FF91 to Third Quarter
Faraday Future said on Monday in a document that the company needs extra cash for rolling out FF91, according to Bloomberg.The company is hoping to raise around US$325 million this time.
Chinese Smartphone Maker Honor Pulls its Team out of India
Shenzhen-headquartered Honor will adopt a steady approach to exploring the Indian market.
Tech Firms in Shenzhen Enter Closed-Loop Operation Amid New Covid-19 Wave
Statistics from Shenzhen's Health Commission show that 21 new Covid-19 infections were detected on July 24.