Didi said to be considering US IPO at valuation of at least $100 billion
Didi sees an advantage of a New York IPO in that the pace of the listing is more predictable and the market is better capitalized in the second quarter.
WeChat reaches 1.225 billion monthly active accounts
The number of monthly active accounts for WeChat, Tencent's messaging app, reached 1.225 billion as of Dec. 31, 2020, up 5.2 percent year-over-year.
Tencent's Q4 revenue up 26% year-on-year to RMB 133.67 billion, in line with expectations
Chinese tech giant Tencent's fourth-quarter revenue rose 26 percent year-on-year to RMB 133.67 billion ($20.5 billion), in line with market expectations.
Xiaomi smartphones said to enter South Korea, Samsung's home turf
Xiaomi will launch new mid-range smartphones in South Korea to compete with local brand Samsung, according to Yonhap News Agency.
Chew Shou Zi, president of Xiaomi's international division, resigns and will join ByteDance as CFO
Joining ByteDance will allow him to re-base in his hometown of Singapore after 18 years away from home, Chew said.
Xiaomi to acquire all remaining 50.9% stake in power bank maker Zimi
Xiaomi Group will acquire 50.09% of Zimi International Corp for US$205 million, making the popular power bank maker its wholly-owned subsidiary.
Xiaomi's Q4 revenue up 24.8% year-on-year to 70.46 billion yuan, missing estimates
Xiaomi sold 42.3 million smartphones in the fourth quarter, up 29.7 percent year-on-year.
Baidu Kunlun chip business closes independent financing agreement
Baidu Kunlun chip business recently completed the signing of an independent financing agreement with a post-investment valuation of approximately RMB 13 billion ($2 billion).
Genshin Impact mobile earns over $1 billion in 6 months, report shows
Since its release in September last year, miHoYo's Genshin Impact has earned more than $1 billion in six months on mobile, data released by Sensor Tower on Wednesday showed.
FIFA Online 3, sports game distributed by Tencent in China, announced its discontinuation
The FIFA Online team announced Tuesday that based on the strategic adjustment of the EA SPORTS FIFA Online series in Asia, it will stop operating FIFA Online 3 in China at midnight on June 7, 2021.