Online Design Platform Chuangkit Completes Series B Financing, Kingsoft Office Continues to Invest
Chinese online design platform Chuangkit recently completed a round B of financing worth tens of millions of dollars.
1/12/20223 min read
Category: Industry
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Chinese Self-driving Solutions Startup UISEE Draws 1B yuan in New Funding Round
Chinese self-driving solutions startup UISEE Technology has completed a new funding round and raised more than 1 billion yuan ($154 million), the company announced on Monday.
1/25/20213 min read
WeChat Installation Package Expands 575 Times in 11 Years
The size of WeChat Android version 1.0 released in January 2011 was only 457KB, but 11 years later, the size of its version 8.0.24 has reached 257MB, an expansion of 575 times.
WeChat Set to Join Short Video Frenzy with New Feature
WeChat, China’s most popular social media app, plans to join the craze for short-form videos by adding a feature that allows users to publish videos and photos to their followers.
1/22/20202 min read
After Launching Temu, Pinduoduo Unveils 10B-Yuan Support Plan for Chinese Enterprises Going Abroad
Following the low-key launch of its cross-border e-commerce platform Temu, Pinduoduo, a Nasdaq-listed Chinese e-commerce company, has further unveiled its overseas exploration plan.
9/20/20223 min read
Haidilao's Overseas Business Subsidiary Applies for HKEx Listing
Super Hi International Holding Ltd., the overseas business subsidiary of Chinese hot pot restaurant chain Haidilao, formally submitted a prospectus to the Hong Kong Stock Exchange (HKEx) on July 13, planning to list on its main board by way of introduction.
US Judge Temporarily Halts Trump Administration’s WeChat Ban
A federal judge halted US President Trump's executive order banning all new downloads of the popular Chinese app WeChat on Sunday morning.
9/21/20203 min read
Tesla’s New Supercharger Factory Begins Production in Shanghai
Tesla announced on Wednesday that its supercharger manufacturing plant in Shanghai is now operational, less than six months after the project was launched in August last year.
2/4/20212 min read
Tencent Incubates New Financial Product Fenfu to Take on Ant Financial’s Huabei
Chinese tech giant Tencent is incubating a financial credit product named Fenfu, which functions similarly to a credit card, and is expected to become available through the company’s instant messaging app WeChat.
9/16/20192 min read
China VC Weekly: Health and Medicine
Chinese Tencent-backed insurance tech company Waterdrop Inc. announced that it has raised roughly $200 million at a valuation of approximately $2 billion, according to sources familiar with the matter.
8/17/20204 min read
Wingtech Inks $791M Smart Home Deal With Apple
Wingtech, a manufacturing company that assembles smartphones and other consumer electronics, announced on Thursday that it has carried out a number of business cooperations with an overseas customer.
3/11/20222 min read
GAC NIO Withdraws Statement about Buying Cars with Bitcoin and Digital Currency
GAC NIO on Dec. 31 posted on its official Weibo account that it became the first auto company in China to accept Bitcoin as payment for vehicle purchases.
12/31/20202 min read