Chinese video platform iQIYI reportedly to lay off 20-40% of its workforce
Shares of iQIYI traded in the US have plunged in the past few months, with a cumulative decline of about 60 percent since July.
Xiaomi's MIUI surpasses 500 million monthly active users worldwide
MIUI surpassed 100 million monthly active users worldwide on August 19, 2015, and surpassed 200 million on June 6, 2018.
Education stocks soar with reports that China will resume after-school tutoring
Shares of US-listed education companies jumped in pre-market trading, with the latest reports suggesting they are set for new life.
Huawei posts sales revenue of about $71.3 billion in first 3 quarters
Huawei achieved sales revenue of RMB 455.8 billion ($71.3 billion) and a net profit margin of 10.2 percent in the first three quarters.
Luckin Coffee posts H1 net revenue of $492.9 million, up 106% year-on-year
"This earnings announcement is an important milestone as it enables us to return to normalized financial reporting," said Luckin Coffee CEO.
Alibaba unveils ARM server chip Yitian 710, boasting strongest performance in the industry
The chip was taped out in July and will be used in Alibaba Cloud data centers.
Alibaba reportedly to release Arm server chip
The chip has 128 cores and is built on a 5nm process, making it the most advanced server chip in terms of process, surpassing similar products from Amazon and Huawei.
Futu, Tiger extend losses as Chinese securities regulator reportedly refine regulations
Departments including the China Securities Regulatory Commission are working to improve the rules in line with the requirement that all financial activities should be fully regulated.
Futu says it always actively cooperates with regulation in response to user info security concerns
Futu says it will continue to actively cooperate with regulators in its efforts and ongoing efforts to protect personal information.
Futu, Tiger Brokers shares plunge pre-market as Chinese official media flag user info security concerns
According to an article in the online edition of the People's Daily, the issue of personal information of mainland citizens leaving the country may become a new test for Futu and Tiger Brokers.