JD to sack 10% of its top executives

BY CHINA DAILY Chinese e-commerce giant JD will lay off 10 percent of its senior executives this year, as the company looks to maximize its resources and focus on strategic layout and the coordinated development of diversified businesses. According to media reports, the cuts were announced at the company’s annual party last week. JD has confirmed the planned layoffs. Based on the current number of … Continue reading JD to sack 10% of its top executives

Huawei fights back with ‘Huawei Facts’

BY SILVI WRITER China’s tech-giant Huawei Technologies is fighting back with more measures to become more open and transparent, amid headwinds in overseas markets in recent months. Huawei, an independent and privately-held company that has spread its services and products to over 170 countries, recently launched Huawei Facts, a webpage aimed at letting more people understand Huawei and its corporate value. The new webpage also listed … Continue reading Huawei fights back with ‘Huawei Facts’

Why is TikTok a challenge to Instagram, Snapchat?

BY GLOBAL TIMES The explosive growth of Chinese short video platform TikTok is posing a rising challenge to established foreign social media apps like Instagram and Snapchat, the latest download trends showed. The Chinese niche product is set to secure a leading position in the global market soon, thanks to its increasing popularity among young users. TikTok has caught up with Facebook’s Instagram in Apple … Continue reading Why is TikTok a challenge to Instagram, Snapchat?

This Chinese firm is the world’s fastest-growing brand

BY SILVI WRITER China’s video streaming giant iQiyi (爱奇艺), “China’s answer to Netflix”, is the world’s fastest-growing brand of 2019, according to Brand Finance Global 500 2019, a report to include the world’s 500 most valuable brands across all sectors and countries Brand value of Nasdaq-listed iQiyi, founded in Apr 2010, is “up a whopping 326% year on year, three times the 105% hike by its … Continue reading This Chinese firm is the world’s fastest-growing brand

Huawei founder: My daughter is ‘Very Strong’

BY GLOBAL TIMES Ren Zhengfei (任正非), founder of China’s Huawei Technologies, who usually keeps a low profile, appeared before journalists Thursday and stressed that his company does not steal trade secrets. But this has not deterred aggressively hostile attitude from the West. The Shenzhen-based company has been facing growing pressure from Western countries, particularly the US, as local politicians consider it an arm of the … Continue reading Huawei founder: My daughter is ‘Very Strong’

New apps declare ‘war’ on WeChat

BY GLOBAL TIMES Three new Chinese web warriors on Tuesday coincidentally declared war on Tencent-owned WeChat, the nation’s most popular messaging app. While the announcements by the new social networking apps all on the same day drew the interest of industry watchers and ordinary users, a genuine shift into any WeChat substitutes remains a tough if not impossible sell, according to those interviewed by the … Continue reading New apps declare ‘war’ on WeChat

Xiaomi aims to be No.1 smartphone in Europe

BY CHINA DAILY Chinese smartphone vendor Xiaomi Corp said on Thursday that it is aiming to be the No 1 or 2 player of its kind in Europe, as it strives to expand its presence in overseas markets amid mounting competition with rivals such as Huawei Technologies Co Ltd. “We have selected Spain and France as our primary destinations,” Lei Jun, founder and CEO of … Continue reading Xiaomi aims to be No.1 smartphone in Europe