Trending News: San Francisco Commemorates 80th Anniversary of Nanjing Massacre, Urging Truth and ReconciliationRetail Committee Calls for Enhanced Regulatory Transparency and Digitalization to Bolster Taiwans Retail Sector Under US-Taiwan Trade FrameworkChina Launches Weekly Arctic Shipping Service Amid Red Sea Disruptions, Raising Environmental AlarmsSan Francisco Commemorates 80th Anniversary of Nanjing Massacre, Calls for Truth and ReconciliationChina Surpasses Key Industrial Capacity Reduction Targets in Coal and Steel, Signaling Accelerated Economic Rebalancing and Environmental DriveSunrise, an AI Chipmaker Spun Out of SenseTime, Secures RMB 2 Billion Funding, Doubling Valuation to RMB 20 Billion Amidst Domestic Tech DriveChina’s Vision for Global Order: A Community of Shared Future and New International RelationsNavigating the Digital Frontier: A Strategic Roadmap for Taiwan’s AI Integration, Telecommunications Resilience, and Creative Economy GrowthCanada Closes "Lifeboat" Immigration Scheme for Hongkongers Amidst Shifting Immigration LandscapeChina and Russia Bolster Anti-Missile Cooperation with "Aerospace Security-2017" Drill Amid Escalating Regional TensionsThe Plot Thickens for Online Literary Companies as China’s Entertainment Industry Undergoes a Digital RenaissanceProcuratorate Public Interest Litigation Law of the People’s Republic of China Second Review DraftChina’s Daily AI Token Call Volume Surges Past 500 Trillion by Mid-2026 Amid Explosive Large Model AdoptionSoutheast Asia’s Automotive Landscape Faces Seismic Shift as Electric Vehicles Disrupt Dominance of Japanese CarmakersChinese, Russian and Indian ministers meetModernizing Taiwan’s Transport and Tourism Infrastructure: A Comprehensive Strategy for Global Competitiveness and Regulatory HarmonizationWang Fuk Court Residents Stand Firm Against Government Buyout as Deadline LoomsA Prominent Chinese Comedian Faces Investigation for Allegedly Mocking Patriotic SongGaming Industry Opens a Whole New ChapterRegulations on the Sharing of Government Affairs DataBAIC Group Charts Ambitious Course to Phase Out Conventional Fuel Vehicles by 2025, Cementing Commitment to New Energy FuturePackaging Survey of Baby Food Products, Including Fruit Purees and Yogurts, in Major Retail Channels in TaiwanDecember 13 Marks the National Memorial Day for Nanjing Massacre VictimsChow Hang-tung Declares Pursuit of Democracy Now a Crime Following National Security ConvictionChina’s Taiwan Affairs Office Hosts New Party Delegation Amidst Cross-Straits Tensions, Reaffirming One-China Principle.China to Turn Marquis of Haihun Tomb into National-Level Archaeological Relics ParkHainan Airlines Charts Ambitious Course with Belt and Road Expansion and Synergistic Domestic GrowthCalifornia Leader Says Fires Are ‘New Normal’Devastating Glacial Collapse Unleashes Fury in Himalayas, Leaving Thousands Missing and Villages DevastatedChina slams ‘groundless’ espionage claims by New Zealand spy agencySizhou Inkstone Carving: A Centuries-Old Craft Thrives in Guizhou’s Cengong CountyPeople’s Bank of China Injects Net 20 Billion Yuan to Ease Liquidity, Signalling Continued Prudent and Neutral Monetary Policy Amid Deleveraging PushAnti-nuclear weapon campaigner ICAN receives 2017 Nobel Peace PrizeTaiwan Industry Committee Outlines Strategic Framework to Secure Semiconductor Leadership and AI Readiness Amid Global Competitive PressuresChina Unveils New Measures to Revitalize Stalled Property Market and Bolster Consumer ConfidenceThe Spicy Strip Phenomenon: How China’s Latiao Snack Conquered Global Palates and Built an $8.9 Billion EmpireChina’s Austerity Emojis Go Viral, Signifying a Modern Approach to Discipline and GovernanceObscure No More: Ancient Female Painters’ Works Go on DisplayCyberviolence Law of the People’s Republic of China (Draft for Comments)Dongguan’s International Science and Technology Cooperation Week Catalyzes Nearly 500 Million Yuan in Deals, Signaling Regional Innovation DrivePsiBot Secures Over $100 Million in New Funding Round, Bolstering Embodied AI and Dexterous Manipulation EffortsEighty Years On: San Francisco Observes Nanjing Massacre Anniversary, Urges Truth and ReconciliationTaiwan Business Committee Urges Tax Reforms and Tariff Relief to Bolster International Competitiveness and U.S. Trade TiesNepal Orders Rescuers to Safety as Burst Debris Dam in Tibet Sparks New Flood FearsChina Mulls Bid to Host Pivotal UN Climate Talks in 2028, Signaling Ambition for Global Environmental LeadershipHigh-level advisory panel pitches 15-year pollution fight, but holds China up as modelShaanxi History Museum Releases Inaugural Cultural Relics Calendar, Illuminating 365 Treasures of Ancient ChinaChina Reclaims Global Shipbuilding Leadership, Surpassing South Korea in Orders for First Time in Seven YearsMiHoYo Unveils Ambitious New IP NODUSFALL at Gamescom 2026, Signaling Major Strategic DiversificationNVIDIA’s Sustainability Report Reveals Nearly Tripled Scope 3 Emissions, Raising Concerns Over Supply Chain DecarbonizationChina Launches Algeria’s First Communication Satellite, Alcomsat-1, Marking a Milestone in Bilateral Aerospace CooperationChina Pauses Rescue Operations in Tibet Due to High Flood Risk Amidst Ongoing Mudslide DisasterChina Removes Two High-Ranking Generals from Key Military Body Amid Sweeping Anti-Graft CampaignShandong Art Troupe Delights Cubans with Vibrant Cultural Showcase and New Year Greetings at Havana International Book FairWorld’s Largest Floating Solar Power Station Begins Operations in Anhui, Marking a New Era for China’s Renewable Energy DiversificationToyota Shareholders Re-elect Akio Toyoda as Chairman, Back New CEO Kenta Kon Amid Ongoing Debate on Electrification StrategyBritain, EU could strike trade deal within a year, says Brexit chiefIndustry Leaders Call for Scientific Rigor and Phased Implementation in Taiwan Tobacco Regulatory ReformsThousands Missing as Tsunami-Like Deluge Engulfs Himalayan VillagesThe Unlikely Blockbuster: How a "Crude" Chinese Animation, "Niu Lai," Became a Viral Sensation and Box Office DarlingJack Ma Foundation Pledges $45 Million Over Next Decade to Boost Rural Teaching WorkforceChina’s Yamal LNG Imports Bolster Energy Security Amidst Domestic Gas Shortages and Deepen Arctic Strategic CooperationGlobal NGOs Demand Hyundai Motor Group Align Climate Pledges with Tangible Action Ahead of FIFA World CupArab Foreign Ministers Demand US Rescind Jerusalem Decision Amidst Regional OutcryWang Fuk Court Buyback Nears Completion as Over 96% of Homeowners Accept Government OfferChina Rejects US ‘Wrongful Detention’ Claim for Myanmar Analyst Min Zin Amid Rising Diplomatic Tensions Ahead of Xi-Trump SummitEducation, health fees among key concernsWucun Village Cultivates New Attractions with Innovative Culture CenterTencent Hunyuan Unveils Hy4 Preview, Marking Significant Leap in Large Language Model CapabilitiesA 12-Year-Old Algerian Boy Triumphs at the Eighth Shenzhen Expats Chinese Talent CompetitionAmCham Taiwan Proposes Strategic Overhaul of Digital Infrastructure and Regulatory Frameworks to Secure Long-Term Technological LeadershipHong Kong Court Acquits Police Officer of Indecent Assault After Discrediting Accuser’s TestimonyChina Rejects US Sanctions on Iran, Urges Diplomacy Amidst Escalating Middle East TensionsChinese Authorities Dismantle Multi-Million Dollar Counterfeit Herbalife Operation Following Alibaba Tip-offCreative Designs from Key Art Schools on Display in DalianBaidu Launches DuMateBench: A New Global Standard for Evaluating AI Agents’ Real-World Task PerformanceChina’s Coal-Fired Power Generation Drops Below 50% for the First Time Amidst Renewable Energy SurgeDaDong Duck Ready for New York OpeningPresident Trump Imposes Sweeping Tariffs on Drones and Components Citing National Security Concerns and Chinese DominanceForum Tackles Urban Problems for Sustainable FutureTong Lihua and the Law of the User: A User Rights-Based Approach to Platform RegulationBASF Accelerates Strategic Investments in China, Bolstering Automotive and Chemical Production Capabilities Amid Robust Market GrowthGreenpeace Activists Confront Hyundai Motor Group with Red Cards Over Human Rights, Labor Exploitation, and Climate BacktrackingUN Political Chief Visits Pyongyang, Stresses Urgent Need for Diplomatic SolutionHong Kong Government Opens Applications for Ride-Hailing Licences, Uber and Didi Prepare to ComplyNew Zealand Foreign Minister Winston Peters Sparks Diplomatic Row with "Go Back to Your Own Country" Remark to Chinese-Born LawmakerPioneering Female PLA Contingent Deployed to Nansha Islands for Extended Garrison DutyTwelve Spots Granted National-Level Archaeological Park StatusAir China Inaugurates Direct Beijing-Brisbane Route, Heralding New Era for Queensland Tourism and EconomyManycore Tech Unveils Lux3D and an Explicit 3D Path to World Models, Marking a Significant Leap in Spatial Intelligence and Generative AIHimalayan Cataclysm: Massive Mudslide Devastates China-Nepal Border, Leaving Over a Thousand Missing and Hundreds DeadChina Successfully Launches Algeria’s First Communication Satellite, Deepening Strategic PartnershipHong Kong Police Officer Arrested for Misconduct in Public Office Amidst Allegations of Indecent CommunicationChina Escalates Trade Tensions with Drone Export Restrictions and Blacklisting of US Firms in Retaliation for SanctionsState Administration of Cultural Heritage and Baidu Forge Landmark Partnership to Revolutionize Online Cultural Heritage PresentationChinese Big Data Firms Target UK Innovation for Massive Domestic MarketXiaomi Auto Launches Global Website and Overseas Social Media Channels, Signalling Major European Expansion by 2027China Successfully Launches Algeria’s First Communications Satellite, Marking Milestone in Space CooperationHong Kong Enhances Heat Stress Warning System Amidst Record Temperatures and Worker Safety ConcernsChina Sentences Evergrande Founder Xu Jiayin to Life in Prison for Large-Scale Financial Fraud, Imposing $2.4 Billion Fine on Group
Mon. Aug 31st, 2026
Trending News: San Francisco Commemorates 80th Anniversary of Nanjing Massacre, Urging Truth and ReconciliationRetail Committee Calls for Enhanced Regulatory Transparency and Digitalization to Bolster Taiwans Retail Sector Under US-Taiwan Trade FrameworkChina Launches Weekly Arctic Shipping Service Amid Red Sea Disruptions, Raising Environmental AlarmsSan Francisco Commemorates 80th Anniversary of Nanjing Massacre, Calls for Truth and ReconciliationChina Surpasses Key Industrial Capacity Reduction Targets in Coal and Steel, Signaling Accelerated Economic Rebalancing and Environmental DriveSunrise, an AI Chipmaker Spun Out of SenseTime, Secures RMB 2 Billion Funding, Doubling Valuation to RMB 20 Billion Amidst Domestic Tech DriveChina’s Vision for Global Order: A Community of Shared Future and New International RelationsNavigating the Digital Frontier: A Strategic Roadmap for Taiwan’s AI Integration, Telecommunications Resilience, and Creative Economy GrowthCanada Closes "Lifeboat" Immigration Scheme for Hongkongers Amidst Shifting Immigration LandscapeChina and Russia Bolster Anti-Missile Cooperation with "Aerospace Security-2017" Drill Amid Escalating Regional TensionsThe Plot Thickens for Online Literary Companies as China’s Entertainment Industry Undergoes a Digital RenaissanceProcuratorate Public Interest Litigation Law of the People’s Republic of China Second Review DraftChina’s Daily AI Token Call Volume Surges Past 500 Trillion by Mid-2026 Amid Explosive Large Model AdoptionSoutheast Asia’s Automotive Landscape Faces Seismic Shift as Electric Vehicles Disrupt Dominance of Japanese CarmakersChinese, Russian and Indian ministers meetModernizing Taiwan’s Transport and Tourism Infrastructure: A Comprehensive Strategy for Global Competitiveness and Regulatory HarmonizationWang Fuk Court Residents Stand Firm Against Government Buyout as Deadline LoomsA Prominent Chinese Comedian Faces Investigation for Allegedly Mocking Patriotic SongGaming Industry Opens a Whole New ChapterRegulations on the Sharing of Government Affairs DataBAIC Group Charts Ambitious Course to Phase Out Conventional Fuel Vehicles by 2025, Cementing Commitment to New Energy FuturePackaging Survey of Baby Food Products, Including Fruit Purees and Yogurts, in Major Retail Channels in TaiwanDecember 13 Marks the National Memorial Day for Nanjing Massacre VictimsChow Hang-tung Declares Pursuit of Democracy Now a Crime Following National Security ConvictionChina’s Taiwan Affairs Office Hosts New Party Delegation Amidst Cross-Straits Tensions, Reaffirming One-China Principle.China to Turn Marquis of Haihun Tomb into National-Level Archaeological Relics ParkHainan Airlines Charts Ambitious Course with Belt and Road Expansion and Synergistic Domestic GrowthCalifornia Leader Says Fires Are ‘New Normal’Devastating Glacial Collapse Unleashes Fury in Himalayas, Leaving Thousands Missing and Villages DevastatedChina slams ‘groundless’ espionage claims by New Zealand spy agencySizhou Inkstone Carving: A Centuries-Old Craft Thrives in Guizhou’s Cengong CountyPeople’s Bank of China Injects Net 20 Billion Yuan to Ease Liquidity, Signalling Continued Prudent and Neutral Monetary Policy Amid Deleveraging PushAnti-nuclear weapon campaigner ICAN receives 2017 Nobel Peace PrizeTaiwan Industry Committee Outlines Strategic Framework to Secure Semiconductor Leadership and AI Readiness Amid Global Competitive PressuresChina Unveils New Measures to Revitalize Stalled Property Market and Bolster Consumer ConfidenceThe Spicy Strip Phenomenon: How China’s Latiao Snack Conquered Global Palates and Built an $8.9 Billion EmpireChina’s Austerity Emojis Go Viral, Signifying a Modern Approach to Discipline and GovernanceObscure No More: Ancient Female Painters’ Works Go on DisplayCyberviolence Law of the People’s Republic of China (Draft for Comments)Dongguan’s International Science and Technology Cooperation Week Catalyzes Nearly 500 Million Yuan in Deals, Signaling Regional Innovation DrivePsiBot Secures Over $100 Million in New Funding Round, Bolstering Embodied AI and Dexterous Manipulation EffortsEighty Years On: San Francisco Observes Nanjing Massacre Anniversary, Urges Truth and ReconciliationTaiwan Business Committee Urges Tax Reforms and Tariff Relief to Bolster International Competitiveness and U.S. Trade TiesNepal Orders Rescuers to Safety as Burst Debris Dam in Tibet Sparks New Flood FearsChina Mulls Bid to Host Pivotal UN Climate Talks in 2028, Signaling Ambition for Global Environmental LeadershipHigh-level advisory panel pitches 15-year pollution fight, but holds China up as modelShaanxi History Museum Releases Inaugural Cultural Relics Calendar, Illuminating 365 Treasures of Ancient ChinaChina Reclaims Global Shipbuilding Leadership, Surpassing South Korea in Orders for First Time in Seven YearsMiHoYo Unveils Ambitious New IP NODUSFALL at Gamescom 2026, Signaling Major Strategic DiversificationNVIDIA’s Sustainability Report Reveals Nearly Tripled Scope 3 Emissions, Raising Concerns Over Supply Chain DecarbonizationChina Launches Algeria’s First Communication Satellite, Alcomsat-1, Marking a Milestone in Bilateral Aerospace CooperationChina Pauses Rescue Operations in Tibet Due to High Flood Risk Amidst Ongoing Mudslide DisasterChina Removes Two High-Ranking Generals from Key Military Body Amid Sweeping Anti-Graft CampaignShandong Art Troupe Delights Cubans with Vibrant Cultural Showcase and New Year Greetings at Havana International Book FairWorld’s Largest Floating Solar Power Station Begins Operations in Anhui, Marking a New Era for China’s Renewable Energy DiversificationToyota Shareholders Re-elect Akio Toyoda as Chairman, Back New CEO Kenta Kon Amid Ongoing Debate on Electrification StrategyBritain, EU could strike trade deal within a year, says Brexit chiefIndustry Leaders Call for Scientific Rigor and Phased Implementation in Taiwan Tobacco Regulatory ReformsThousands Missing as Tsunami-Like Deluge Engulfs Himalayan VillagesThe Unlikely Blockbuster: How a "Crude" Chinese Animation, "Niu Lai," Became a Viral Sensation and Box Office DarlingJack Ma Foundation Pledges $45 Million Over Next Decade to Boost Rural Teaching WorkforceChina’s Yamal LNG Imports Bolster Energy Security Amidst Domestic Gas Shortages and Deepen Arctic Strategic CooperationGlobal NGOs Demand Hyundai Motor Group Align Climate Pledges with Tangible Action Ahead of FIFA World CupArab Foreign Ministers Demand US Rescind Jerusalem Decision Amidst Regional OutcryWang Fuk Court Buyback Nears Completion as Over 96% of Homeowners Accept Government OfferChina Rejects US ‘Wrongful Detention’ Claim for Myanmar Analyst Min Zin Amid Rising Diplomatic Tensions Ahead of Xi-Trump SummitEducation, health fees among key concernsWucun Village Cultivates New Attractions with Innovative Culture CenterTencent Hunyuan Unveils Hy4 Preview, Marking Significant Leap in Large Language Model CapabilitiesA 12-Year-Old Algerian Boy Triumphs at the Eighth Shenzhen Expats Chinese Talent CompetitionAmCham Taiwan Proposes Strategic Overhaul of Digital Infrastructure and Regulatory Frameworks to Secure Long-Term Technological LeadershipHong Kong Court Acquits Police Officer of Indecent Assault After Discrediting Accuser’s TestimonyChina Rejects US Sanctions on Iran, Urges Diplomacy Amidst Escalating Middle East TensionsChinese Authorities Dismantle Multi-Million Dollar Counterfeit Herbalife Operation Following Alibaba Tip-offCreative Designs from Key Art Schools on Display in DalianBaidu Launches DuMateBench: A New Global Standard for Evaluating AI Agents’ Real-World Task PerformanceChina’s Coal-Fired Power Generation Drops Below 50% for the First Time Amidst Renewable Energy SurgeDaDong Duck Ready for New York OpeningPresident Trump Imposes Sweeping Tariffs on Drones and Components Citing National Security Concerns and Chinese DominanceForum Tackles Urban Problems for Sustainable FutureTong Lihua and the Law of the User: A User Rights-Based Approach to Platform RegulationBASF Accelerates Strategic Investments in China, Bolstering Automotive and Chemical Production Capabilities Amid Robust Market GrowthGreenpeace Activists Confront Hyundai Motor Group with Red Cards Over Human Rights, Labor Exploitation, and Climate BacktrackingUN Political Chief Visits Pyongyang, Stresses Urgent Need for Diplomatic SolutionHong Kong Government Opens Applications for Ride-Hailing Licences, Uber and Didi Prepare to ComplyNew Zealand Foreign Minister Winston Peters Sparks Diplomatic Row with "Go Back to Your Own Country" Remark to Chinese-Born LawmakerPioneering Female PLA Contingent Deployed to Nansha Islands for Extended Garrison DutyTwelve Spots Granted National-Level Archaeological Park StatusAir China Inaugurates Direct Beijing-Brisbane Route, Heralding New Era for Queensland Tourism and EconomyManycore Tech Unveils Lux3D and an Explicit 3D Path to World Models, Marking a Significant Leap in Spatial Intelligence and Generative AIHimalayan Cataclysm: Massive Mudslide Devastates China-Nepal Border, Leaving Over a Thousand Missing and Hundreds DeadChina Successfully Launches Algeria’s First Communication Satellite, Deepening Strategic PartnershipHong Kong Police Officer Arrested for Misconduct in Public Office Amidst Allegations of Indecent CommunicationChina Escalates Trade Tensions with Drone Export Restrictions and Blacklisting of US Firms in Retaliation for SanctionsState Administration of Cultural Heritage and Baidu Forge Landmark Partnership to Revolutionize Online Cultural Heritage PresentationChinese Big Data Firms Target UK Innovation for Massive Domestic MarketXiaomi Auto Launches Global Website and Overseas Social Media Channels, Signalling Major European Expansion by 2027China Successfully Launches Algeria’s First Communications Satellite, Marking Milestone in Space CooperationHong Kong Enhances Heat Stress Warning System Amidst Record Temperatures and Worker Safety ConcernsChina Sentences Evergrande Founder Xu Jiayin to Life in Prison for Large-Scale Financial Fraud, Imposing $2.4 Billion Fine on Group
Mon. Aug 31st, 2026
The Plot Thickens for Online Literary Companies as China’s Entertainment Industry Undergoes a Digital Renaissance
The Plot Thickens for Online Literary Companies as China’s Entertainment Industry Undergoes a Digital Renaissance

A vast array of online literary genres has revolutionized the entertainment industry in China and triggered a new wave of TV dramas, movies, animations, and gaming titles. Stories and plots…

Continue reading
The Plot Thickens for Online Literary Companies as Digital Content Fuels Entertainment Boom
The Plot Thickens for Online Literary Companies as Digital Content Fuels Entertainment Boom

The landscape of China’s entertainment industry is undergoing a profound transformation, driven by the explosive growth of online literature. Once a niche pursuit for aspiring authors, digital narratives have evolved…

Continue reading
The Plot Thickens for Online Literary Companies as Digital Narratives Fuel Entertainment’s Next Frontier
The Plot Thickens for Online Literary Companies as Digital Narratives Fuel Entertainment’s Next Frontier

A vast array of online literary genres has revolutionized the entertainment industry in China and triggered a new wave of TV dramas, movies, animations, and gaming titles. Stories and plots…

Continue reading
The Plot Thickens: Online Literature Fuels China’s Entertainment Juggernaut
The Plot Thickens: Online Literature Fuels China’s Entertainment Juggernaut

A vast array of online literary genres has revolutionized the entertainment industry in China, triggering a new wave of TV dramas, movies, animations, and gaming titles. Stories and plots from…

Continue reading
The Plot Thickens for Online Literary Companies as a Digital Content Revolution Transforms China’s Entertainment Landscape
The Plot Thickens for Online Literary Companies as a Digital Content Revolution Transforms China’s Entertainment Landscape

A seismic shift is underway in China’s vast entertainment industry, driven by the burgeoning power of online literature. Once confined to the digital pages of aspiring authors, these stories are…

Continue reading
The Plot Thickens for Online Literary Companies as Content Fuels a Media Empire
The Plot Thickens for Online Literary Companies as Content Fuels a Media Empire

The landscape of China’s entertainment industry is undergoing a profound transformation, driven by the burgeoning power of online literature. What began as a digital haven for aspiring authors has rapidly…

Continue reading
The Plot Thickens: Online Literature Fuels a Multimedia Renaissance in China
The Plot Thickens: Online Literature Fuels a Multimedia Renaissance in China

The landscape of China’s entertainment industry is undergoing a seismic transformation, driven by the explosive growth of online literature. What began as a niche pursuit for aspiring authors and avid…

Continue reading

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China Foreign Affairs & Diplomacy

San Francisco Commemorates 80th Anniversary of Nanjing Massacre, Urging Truth and Reconciliation

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Taiwan News & Cross-Strait Relations

Retail Committee Calls for Enhanced Regulatory Transparency and Digitalization to Bolster Taiwans Retail Sector Under US-Taiwan Trade Framework

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China General News

China Launches Weekly Arctic Shipping Service Amid Red Sea Disruptions, Raising Environmental Alarms

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China General News

San Francisco Commemorates 80th Anniversary of Nanjing Massacre, Calls for Truth and Reconciliation

  • By Basiran
  • August 31, 2026
  • 1 views
San Francisco Commemorates 80th Anniversary of Nanjing Massacre, Calls for Truth and Reconciliation
China Business & Economy

China Surpasses Key Industrial Capacity Reduction Targets in Coal and Steel, Signaling Accelerated Economic Rebalancing and Environmental Drive

China Surpasses Key Industrial Capacity Reduction Targets in Coal and Steel, Signaling Accelerated Economic Rebalancing and Environmental Drive
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Sunrise, an AI Chipmaker Spun Out of SenseTime, Secures RMB 2 Billion Funding, Doubling Valuation to RMB 20 Billion Amidst Domestic Tech Drive

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