The technology solutions provider said its revenue declined, while its net loss increased in 2018.
In response to the company’s announcement, its shares tumbled 8 percent in early trading to $11.44 apiece.
The case marks the first time the U.S. government has formally said a scheme was carried out to benefit China and that the Chinese government provided support.
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Huami continues to invest in proprietary technologies to diversify its revenue sources from major partner Xiaomi.
Chinese online streaming service provider iQIYI grew impressively in 2018 but sharply increased expenses produced a worsening profit picture.
Beijing-raised Eric Yuan, founder and CEO of fast-growing Zoom Communications, prepares for his IPO debut.
Much of the pain of being long QTT will be over soon, and portfolio managers will begin to scour companies with data available to review.
Chinese social e-commerce company Yunji aims to raise $200 million in a U.S. IPO as it seeks to continue growth in an intensely competitive market.
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Today’s news comes after the company announced earlier this year that it would cut 10 percent of its senior executives.
The online platform has filed to trade on the Nasdaq Global Market under the symbol “SY.”
Today’s announcement, between its subsidiary and Xingshan People's Government of Hegang City of Heilongjiang Province, continued an initiative announced two weeks ago.
Shares in the Chinese game live-streaming platform dropped after it filed to raise an additional $550 million.
Shares of Nio slid up about 4 percent today after it announced better-than-expected product delivery data for the first quarter of 2019.