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Well-link, a Chinese cloud gaming service provider, announced that it had completed the B round of financing with a total amount of 400 million yuan ($62.78 million).
Chinese battery maker Contemporary Amperex Technology Co., Limited (CATL) was the mystery suitor behind the C$377 million ($298 million) offer for Vancouver-based Millennia.
A subsidiary of Contemporary Amperex Technology Co., Limited (CATL), China's leading power battery manufacturer, has invested in the construction of a power battery industry chain project in Indonesia with two partners.
On September 13, CATL's new Tianxing commercial power battery will be released.
Tencent Holdings, China's biggest social media and video games company, on Tuesday said in a social media post that it had fired nearly 70 staff over bribery and embezzlement incidents.
Chinese internet giant Baidu on Tuesday announced its unaudited financial results for the quarter and fiscal year ended December 31, 2021.
Redmi brand general manager Thomas responded that there are currently no plans for Redmi cars. The focus is on making Xiaomi cars first, and there will definitely be new car model plans in the future.
Retail giant Tmall Global launched its first English-language website to attract more merchants and businesses from around the world to join China’s largest cross-border online shopping platform.
In view of the serious network chaos on social platform Douban, Cyberspace Administration of China instructed the Beijing Internet Office to send a team of moderators to the website on Tuesday to supervise the APP's overhaul.
In last week’s VC news, pharmaceutical firm Stemirna Therapeutics raises roughly $188 million for COVID vaccine trials, Xiaomi-backed fund invests in autonomous driving startup Zongmu Technology shortly after the company announced a foray into the EV market, supply chain information startup Xforceplus closes $200 million Series C round.
Reports surfaced Monday suggesting that Chinese internet security firm Qihoo 360 has recently laid off employees from several departments in a disguised manner.
According to documents disclosed by the Hong Kong Stock Exchange (HKEx) on Monday, Tencent Holdings sold 74.6 million shares in New Oriental's Koolearn from June 15 to June 16.