Bike-sharing giant ofo has finally agreed to be bought out by Didi-Chuxing according to Chinese media. The deal is said to be worth $2 billion and that all other co-founders, except for CEO Dai Wei, will be leaving the company, according to the report.
A number of blockchain news and media accounts on WeChat became inaccessible on the evening of August 21. The Tencent WeChat team released a statement next day saying that the accounts have been permanently banned and their content removed due to a violation of government provisions.
Career and social networking platform, Maimai, announced its Series D round of funding on August 21. The China-based company raised $200 million at a valuation of over $1 billion, making it the first and only unicorn in the career and social networking space.
Electric vehicle startup XPENG Motors will manufacture G3 electric SUV and the delivery will start at the end of 2018.
One of China’s largest technology companies, Tencent Holdings Ltd., published its quarterly results on August 15, showing a year-over-year profit drop for the first time in 13 years.
Alibaba Group, the Chinese e-commerce giant, announced on August 16 the addition of luxury jeweler Tiffany & Co. to its Luxury Pavilion on the Tmall shopping platform.
The Pandaily team finally got a chance to review newly released Nut R1 flagship phone by Chinese smartphone maker Smartisan Technology and here are our thoughts.
OPPO and vivo lead the Chinese domestic market in sales volume of over 73 millions in the first half of 2018.
China’s information authority released a list of top 100 Chinese Internet companies on July 27, ranking Alibaba, Tencent and Baidu, JD.com, and NetEase as the top five.
Ofo dispelled rumors on July 30 that its negotiation with DiDi Chuxing is soon to come to a close.
Huami Corporation, a Xiaomi-backed public company specializing in smart wearable technology, announced on July 26 the purchase of core assets from Zepp International Limited, a leading wearable sports technology company.
Electric vehicle (EV) startup XPeng Motors held a design salon on July 25 in Beijing, to “explore design transformation of AI vehicles”.
Facebook has registered a company in Hangzhou, China on July 18, as reported in a filing with China’s National Enterprise Credit Information Publicity System.
Huawei unveiled on July 18 the newest products in its nova series, nova 3 and nova 3i smartphones, at a product launch in Shenzhen where Nova series’ new brand ambassador Jackson Yi, from the popular Chinese boy band TFBoys, also showed up.
OnePlus 6, the new OnePlus flagship phone received from DxOMark on July 17 a score of 96.