Industry

Commentary published in China's official securities media is often highly regarded as it may signal the direction of regulatory winds. Now, the latest commentary calls for tighter regulation of cryptocurrency trading.

Alibaba posted an operating loss of 7.663 billion yuan ($1.170 billion) in its fiscal fourth quarter ended March 31 this year, the e-commerce giant's first quarterly loss since going public, mainly affected by fines from an antitrust investigation.

TiMi was founded in 2014, and Honor of Kings is one of its most successful titles.

Xiaomi's shares traded in Hong Kong surged Wednesday, rising 6.1 percent to HK$26.1 by the close of trading.

Huang previously joined the Pinduoduo founding team in donating 2.37% of his shares to establish the Prosperity Charity Foundation to promote social responsibility and scientific research.

On JD.com the product is no longer searchable in both Chinese and English using "Gigabyte".

Soul's revenue in 2020 was RMB 498 million ($78 million), up 604.3% year-on-year, the company's prospectus showed.

Alipay connects more than 80 million merchants and over 2,000 financial institution partners, with over 1 billion users in China.

Xiaomi had its best-ever single quarter, up 62 percent year-on-year, with 49 million units shipped.

There is no precedent for an investor suing a US-listed company in China, making this case the first of its kind.