The backlash against vaping in the United States has not deterred a Chinese challenger from entering the world’s largest vaping market. Relx, one of China’s largest e-cigarette companies, is seeking to submit its Premarket Tobacco Product Application to the U.S. Food and Drug Administration by the end of 2021. Upon completion of a review process…
Music is front and center in the rise of TikTok and other short-video apps. It’s not just the video platforms that are harvesting the fruit of their surging popularity. Music rights holders are also prepared to extract money from the millions of songs found in snappy user-generated videos. To detect copyrighted content, record labels and…
Xpeng, an electric vehicle startup run by former Alibaba executive He Xiaopeng, said Monday it has raised around $500 million in a Series C+ round to further develop models tailored to China’s tech-savvy middle-class consumers. The announcement followed its Series C round of $400 million closed last November. A source told TechCrunch that the company’s…
China’s CSI 300 index is going parabolic. State media added fuel to the rally by urging investors to buy domestic stocks. Analysts believe China’s stock market rally will continue for some time before crashing down to more reasonable levels. After stumbling to a 52-week low on March 23, the CSI 300 – an index of…
Shanghai (AFP) – Neon lights lit up a Shanghai stage as a whistle from the crowd pierced the air, heralding the live debut of Chinese drag queen “Miss Cream”. Also known by his real name, Yan Anyu, the 18-year-old from the northern province of Hebei strutted out in glittering sequined gown, heavy make-up and curly…
A Tencent-affiliated streaming platform, dubbed Trovo, has entered the beta testing phase. Trovo is offering partners $30 million in rewards over eighteen months. This guaranteed income has the potential to lure streamers over from other platforms. With the dust from Mixer’s sudden closure yet to settle, a new contender has already entered the western live…
BYD Co., the Chinese auto giant backed by Warren Buffett, is rushing to make China self-sufficient in the production of electric vehicles. On Monday, the firm said in a filing it has secured 800 million yuan ($113 million) in a Series A+ round for its chipmaking arm, BYD Semiconductor. At stake is the race to make…
Meituan’s shares hit a record high on Tuesday, bringing its valuation to over $100 billion. The Hong Kong-listed giant, which focuses on food delivery with smaller segments in travel and transportation, is the third Chinese firm to reach the landmark valuation. Tencent and Alibaba respectively topped the number back in 2013 and 2014. Tencent-backed Meituan…
OtherSide Entertainment recently announced that Chinese company Tencent would be “moving forward” with the troubled System Shock 3. Right now, the tweet is not particularly clear on what that actually means. If developing this game has been this hard, is it even worth continuing? System Shock 3 is a game we’ve been for, for a…
Huawei is facing an uphill challenge in the overseas market as its upcoming devices lack the full set of Google apps and services. That leaves ample room for its Chinese rivals to chase after foreign consumers. That includes Oppo, the sister brand of Vivo under Dongguan-based electronics holding company BBK. In an announcement on Monday, the…
