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I cover culture and business in China.
The company held an internal online meeting on Thursday, informing the staff that most of the employees would be suspended from their work and that only a small proportion of the administrative, financial and human resource departments will continue to work at the company.
The Chinese e-sports market contributes around one-third of the global revenues of e-sports events, making the country the biggest e-sports market in the world.
After the assessment process is completed, Kingsoft Cloud will be listed on both the Stock Exchange of Hong Kong and Nasdaq in the United States.
The two companies will be working together to create a high-end autonomous truck brand in China.
The company’s share price fell by over 14% after the news broke. Shopify's share price has plunged 80% since last November.
It took Genuine Biotech 10 days to go from releasing Phase III clinical data to obtaining approval for its Azvudine tablets. Many industry insiders say the market for China's first COVID-19 drug is likely to be insignificant.
The primary listing is expected to be completed by the end of 2022. Upon successful listing, Alibaba will become a dual primary listed company on the stock exchanges of Hong Kong and New York.
Faraday Future said on Monday in a document that the company needs extra cash for rolling out FF91, according to Bloomberg.The company is hoping to raise around US$325 million this time.
Shenzhen-headquartered Honor will adopt a steady approach to exploring the Indian market.
Statistics from Shenzhen's Health Commission show that 21 new Covid-19 infections were detected on July 24.