Tech Industry
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.
Sina, one of China's oldest Internet companies, announces completion of privatization and delisting from Nasdaq
Sina, one of China's oldest Internet companies, announced Tuesday the completion of its privatization and delisting from the Nasdaq after 21 years of being listed there.
Bilibili HK listing's international placement reportedly canceled by some institutional investors
That's due to a lack of investor confidence in tech stocks over the past week and concerns about a broader environment that includes rising US Treasury yields.
CITIC Securities downgrades RLX Technology to 'hold' after shares fall nearly 50%
Given the likelihood of the draft passing, CITIC Securities has suggested three possibilities for RLX Technology.
Chinese power bank sharing vendor Energy Monster to list on Nasdaq on April 2, raising up to $500 million
Chinese power bank sharing vendor Energy Monster plans to list on Nasdaq on April 2 under the ticker symbol "EM," according to local media outlet IPO Zaozhidao.
BOE to invest $580 million to expand production line to meet demand for large display products
BOE believes that 65-inch and 75-inch products are more economical sizes in its Generation 10.5 production line, and their demand will see significant growth in the next five years.