Pandaily's Digest | Dec 15, 2023
Editor's note: Bilibili denied rumors of layoffs: there have been some business adjustments, but no large-scale layoffs.
Bilibili Denies Giving Up Its Game Business, Only Some Projects Have Been Adjusted
In response to online rumors that Bilibili will lay off all game development staff, Bilibili stated: 'The related information is not true; only some projects have been adjusted.' Link
Headlines from China
JD.com Denies Rumors of Large-Scale Layoff
JD.com has no plans for widespread layoffs and is, in fact, continuing to recruit new employees, said an anonymous insider from the company, adding that the total workforce at JD.com presently stands at 590,000. Link
Lenovo Responds to Headquarters Logo Being Painted as “Huawei”
Lenovo responded to headquarters logo being painted as Huawei: "Employees share funny picture for a laugh." Link
Amazon Global Selling’s First Innovation Center Settles in Shenzhen
At the recently held 2023 Amazon Global Selling Seller Conference, Amazon Global Selling's Asia-Pacific Innovation Center settled in Qianhai, Shenzhen. Link
News You Shouldn’t Miss
NetEase Surpasses Meituan, Becoming the Fourth Largest Internet Company in China by Market Value
On December 14th, NetEase's market value on the Hong Kong Stock Exchange reached HKD 53.06 billion, surpassing Meituan to become the fourth largest internet company in China by market capitalization. Link
“iSpace’s Success Independent of Musk”, Says Chief Designer Amid Rocket Recovery Technology Triumph
China's iSpace successfully tested its "Hyperbola-2" rocket, a milestone achieved independently of Elon Musk's SpaceX, according to chief designer Ji Haibo. Link
Blackstone Expands Shanghai Office, Signaling Increased Investment in China
Blackstone (Shanghai) Private Equity Fund Management Co., Ltd., a subsidiary of the global asset management giant Blackstone, has recently expanded its Shanghai offices. Link
Alibaba Invests $634 Million in Lazada
Southeast Asian e-commerce giant Lazada has received an additional investment of $634 million from its parent company, Alibaba Group. Link
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