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November 20, Beijing – ATRenew (NYSE: RERE), a leading platform for pre-owned consumer electronics transactions and services, announced its Q3 2024 financial results, showcasing robust growth and operational milestones. Total revenues reached RMB 4.05 billion ($560 million), a 24.4% year-over-year increase, while non-GAAP operating profit exceeded RMB 104 million ($14.8 million) for the first time. […]
Haomo.AI has started layoffs in the past two weeks, with specific numbers unknown, and will compensate laid-off employees according to the ‘N+1’ standard. Regarding this, Haomo.AI responded today: ‘Haomo.AI is currently undergoing normal organizational adjustments based on business development, focusing on core business and customer delivery, reducing costs and increasing efficiency, continuously improving operational efficiency, […]
According to the magazine “Caijing”, an insider from Xiaomi‘s automotive division revealed: “Xiaomi‘s second car model is planned to be launched in February or March next year.” The report stated that another source close to Xiaomi‘s automotive division also mentioned that the launch pace of Xiaomi‘s second car model will be consistent with the SU7, […]
On November 21, Alibaba Group Holding Limited CEO Eddie Wu sent an email to all employees, announcing the establishment of the Alibaba E-commerce Business Group and appointing Jiang Fan as in charge, reporting to Eddie Wu. The new e-commerce business group will comprehensively integrate Taobao Tmall Group, International Digital Business Group, as well as 1688, […]
On November 21, OPPO hosted its global launch event in Bali, Indonesia, unveiling its latest flagship smartphones, the OPPO Find X8 and Find X8 Pro. The event also marked the debut of OPPO’s newest operating system, ColorOS 15. The Find X8 series is powered by the MediaTek Dimensity 9400 processor, delivering high-speed performance and energy […]
Entering the second half of 2024, becoming OpenAI is no longer the common goal of large model companies. Slowed technological progress and hesitant investors have led to the gradual differentiation of strategies among six well-known Chinese large model companies. The adjustment of 01.AI has become relatively clear: focusing on consumer products, promoting AI search applications; […]
On November 18th, the Intermediate People’s Court of Shenzhen issued three announcements, ruling that Shenzhen Royole Technology Co., Ltd. (referred to as “Royole Technology”), Shenzhen Royole Electronics Co., Ltd. (referred to as “Royole Electronics”), and Shenzhen Royole Display Technology Co., Ltd. (referred to as “Royole Display”) have gone bankrupt. According to the investigation results of […]
On the occasion of the first anniversary of Moonshot AI‘s Kimi Chat being open to the whole society, Yang Zhilin, founder and CEO of 31-year-old Moonshot AI, once again stepped into the media spotlight to introduce to the outside world the new generation mathematical reasoning model – k0-math that the company is developing. When talking […]
According to Chinese company profile platform Tianyancha, on November 12th, Dou Shen Education Technology (Beijing) Co., Ltd. (Dou Shen Education, 300010.SZ) and Beijing Zhipu Huazhang Technology Co., Ltd. and other companies established Beijing Dou Shen Zhichuang Technology Co., Ltd. This joint venture, primarily owned by Doushen Education, focuses on software and information technology services with […]
On November 15th, according to Chinese media Yicai, the Chinese electric vehicle startup Hycan has dismissed all employees of its Shanghai branch and has delayed paying severance compensation to the laid-off employees. Several former employees of Hycan’s Shanghai branch who have already left their positions told reporters, “Originally, it was agreed to pay the N+1 […]