Tag: china
China probe delivers its first photo of Mars
China’s plans for interplanetary exploration just took a big stride forward. The Guardian reports that the country’s Tianwen-1 probe has returned its first photo of Mars, capturing a black-and-white snapshot from about 1.4 million miles away. It does… Source
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Will the Clubhouse model work in China?
On Friday just past midnight, I stumbled across a Clubhouse room hosted by a well-known figure in the Chinese startup community, Feng Dahui. At half-past midnight, the room still had nearly 500 listeners, many of whom were engineers, product managers, and entrepreneurs from China. The discussion centered around whether Clubhouse,…
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Kuaishou, TikTok’s Chinese nemesis, surges 194% on IPO debut
Kuaishou, a Chinese video app that’s largely underappreciated outside China, has just completed a massive initial public offering in Hong Kong. The app is by far the biggest rival for Douyin, TikTok’s Chinese version, and unlike many Western video platforms that make money from ads and subscriptions, Kuaishou’s cash cow…
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Alibaba Cloud turns profitable after 11 years
Alibaba Cloud, the cloud computing arm of Chinese e-commerce giant Alibaba, became profitable for the first time in the December quarter, the company announced in its earnings report. The firm’s cloud unit achieved positive adjusted EBITA (earnings before interest, taxes, and amortization) during the quarter, after being in business since…
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Huawei’s foldable Mate X2 will launch on February 22nd
Despite earlier rumors of Huawei possibly spinning off its consumer business, the company is still pushing ahead with a new flagship phone — a foldable one, even — later this month. According to Huawei’s official Weibo account, the Chinese brand’s ne… Source
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China launched its national carbon trading market yesterday
Yesterday, China flipped the switch on a nationwide carbon trading market, in what could be one of the most significant steps taken to reduce greenhouse gas emissions in 2021 — if the markets can work effectively. China is the world’s largest emitter of greenhouse gases and its share of the…
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