Netease gaming sector suspected of corruption, internet giants continue anti-corruption campaign.

① Netease has not responded to the investigation into multiple executives being taken away for alleged corruption in Netease games circulating on the internet. ② Due to the platform nature and large scale of the enterprise, as well as complex relationships, in recent years, internet technology companies have increased their efforts in internal anti-corruption measures, adopting a 'zero tolerance' policy towards any corrupt behavior.

cls.cnNov 7 18:46 ET

Tencent Shuts Down Layoff Rumors While Announcing Major Leadership Shake-Up

BenzingaOct 29 15:03 ET

Horizon Hong Kong's IPO was very successful, with the founder's net worth soaring by $1 billion.

On Thursday, October 24th, Horizon stocks officially debuted on the Hong Kong Stock Exchange, closing up 2.8% in the end. Horizon's founder Yu Kai's personal wealth mainly comes from holding Horizon stocks. After today's closing, Yu Kai's personal wealth has reached 0.915 billion US dollars, making him one of the wealthiest people globally.

wallstreetcnOct 24 09:19 ET

Sensetime initiates organizational structure adjustment involving multiple business lines. How to solve the dilemma of AI industry profitability?

Regarding the news of organizational restructuring and layoffs, SenseTime responded: advancing global strategy transformation, focusing on the key business and strategic growth areas of 'big devices - big models - applications', and carrying out corresponding organizational and talent structure optimization and adjustments. Xu Li stated that around the strategy and core resources, a more centralized and efficient organizational structure will be built to promote the concentration and intensification of resources, accelerate the rejuvenation process of organization and management.

cls.cnOct 23 04:26 ET

Tencent's Delta Force: Hawk Ops Open Beta To Launch In December, Taking Aim At Call Of Duty

BenzingaOct 22 14:48 ET

Alibaba, baidu lead the investment, and the leading intelligent driving siasun robot&automation, Horizon Robotics, goes public in Hong Kong, planning to raise 5 billion yuan.

According to the prospectus disclosure, Horizon Robotics has completed 11 rounds of financing since its establishment, with a pre-IPO valuation of 62.7 billion RMB. In the first half of 2024, Horizon Robotics' revenue was 0.9346 billion yuan, a year-on-year increase of 151.6%, with a gross margin of 79%.

wallstreetcnOct 16 08:14 ET