Zeekr Restarts Its US IPO
The high-end electric vehicle brand Zeekr under the Chinese car manufacturer Geely has restarted its IPO in New York to raise up to $500 million, which is lower than the previously set target of over $1 billion.
Category: Industry
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JOYY Q2 Revenue Surges to $826M
Video-based social media platform JOYY Inc. on Thursday reported net revenue of $826.6 million in the second quarter of 2020, up 36.3% year-on-year.
8/13/20202 min read
Baidu App Unveils New Strategy as it Hits 560 Million Monthly Active Users
Baidu said on Monday its flagship Baidu App has reached 558 million monthly active users (MAU) in March, with more than 75% of users logging onto the platform every day.
CATL Chairman Expects to See New Cars Equipped With Kirin Battery
At the 2022 World EV & ES Battery Conference held in Sichuan on July 21, Robin Zeng, Chairman of Chinese battery giant CATL, said many new car models will be equipped with the Kirin battery next year.
ByteDance Sets Up Douyin Group, Rumored to be Listed in Hong Kong
Once ByteDance established Douyin Group (HK) Limited as a separate entity, rumors began to swirl about a potential public listing on the Hong Kong Stock Exchange.
Meituan's Delivery Drones Completed Over 100K Orders Last Year
Chinese local services giant Meituan on January 16 unveiled data regarding its drone delivery business, following two years of normal trial operations. By the end of 2022, the cumulative orders of Meituan's delivery drones had exceeded 120,000.
China Internet Security Service Provider Qihoo 360 Suffers Sudden Malicious Attack
On Tuesday, news about a malicious attack at Qihoo 360, a Chinese Internet security service provider, went viral on Weibo, one of the country's most popular social media outlets.
1/25/20222 min read
NIO to Launch Cheaper Electric SUV ES3
NIO Co-founder and President Qin Lihong publicly stated that NIO will release another electric SUV next year. This SUV will be based on the company’s first generation of SUVs, but in a different shape.
Bilibili Adjusts Organizational Structure
Chinese video streaming platform Bilibili has been continuously adjusting its organizational structure in the past week, involving several core business departments and six business leaders.
Shanghai-Based Car Rental Firm eHi Eyes Hong Kong Listing as Industry Gives Nod to Domestic Car Rental Market
In response to rumors that it would seek an IPO in Hong Kong, employees from Chinese car rental firm eHi said on Wednesday, "there is indeed a plan to go to Hong Kong for IPO, but the specific time has not yet been set."
8/4/20213 min read
Waterdrop CFO Confident in the Growth Potential of Tech Based Insurance Industry
Chinese online insurance company Waterdrop Inc. delivered its financial report for the first quarter of 2021, marking its first earnings release as a public company.
6/22/20217 min read
Luckin Coffee's Q3 Revenue Rises to $364.7 Million, Net Loss Decreases by 98.6% Year-on-Year
Luckin Coffee released its unaudited financial report for the third quarter of 2021 on Thursday. The data showed that its total net revenue in the third quarter was 2.35 billion yuan ($364.7 million).
12/10/20212 min read