Elon Musk Sells L.A Mansion to NetEase CEO William Ding Lei
As Elon Musk announced not to hold physical property any more, he sold one of his Bel-Air Mansion in Los Angeles to NetEase CEO.
6/22/20202 min read
Category: Industry
Showing 12 of 6380 posts in this category
China VC Weekly: InsurTech, EdTech, Artificial Meat and Robots
Artificial meat company Starfield nets a $10 million series A, who currently offers nearly 20 artificial meat product titles.
8/24/20204 min read
Ctrip Releases China’s First Car Rental Standards
China’s largest online travel firm Ctrip.com released nine service standards for the domestic car rental industry. This is the first car rental standard in China.
8/7/20202 min read
Wanda Film Plans to Build at Least 30 New Cinemas This Year
Wanda Film Holding, China’s leading cinema chain operator, held its 2021 online performance meeting on Wednesday, introducing details on its operations last year and on future plans amid the continuing pandemic.
5/26/20223 min read
Chinese K12 Education Institutions Bet on Live-streaming E-commerce
In 2022, under the pressure of the Double Reduction policy, many K12 education companies in China, including New Oriental Education & Technology Group and Doushen Education, transformed into the live-streaming field.
12/28/20223 min read
Chinese Fintech Giant Ant Group Appoints New CPO
According to the official website of Chinese financial technology giant Ant Group, Sam Zeng, the former Chief People Officer, left his post and has been replaced by Wu Minzhi, previously the firm's deputy CPO.
China VC Weekly: Autonomous driving, SaaS and ZWC’s New Fund
In last week’s China VC news, autonomous driving technology startup HoloMatic completed its Series B1 round of financing, SaaS vendor G+ bagged 180 million yuan for further business expansion, while prominent VC ZWC Partners closed a new $774 million US-dollar fund.
7/6/20213 min read
Uber Seeks to Sell Part of $6.3 Billion Stake in Didi Chuxing
Leading ride-hailing company Uber Technologies Inc. is seeking to sell part of its $6.3 billion stake in Didi Chuxing, Bloomberg reported.
9/18/20202 min read
Pagoda and Meituan Jointly Explore UAV Delivery of Fresh Fruit
An unmanned aerial vehicle (UAV) loaded with fruit, operated by Pagoda, recently took off from Meituan's UAV delivery store in Longgang District, Shenzhen. It took only seven minutes for a chilled lychee 2 kilometers away to reach consumers from the completion of packing.
Luckin Coffee Greatly Reduces Operating Losses in Fiscal Year 2021
Chinese coffee chain Luckin Coffee released its audited financial statements for the 2021 fiscal year on Thursday. The report shows that the revenue of Luckin Coffee throughout the year was $1.25 billion, a year-on-year increase of 97.5%.
4/14/20222 min read
Tencent Renews Company Mission and Vision — User-Centered and Tech for Social Good
Tencent has officially announced the company’s brand new mission and vision statement today through WeChat, adding on to its previously announced “tech for social good,” earlier in May.
11/11/20193 min read
Tencent delays the Game of Thrones Finale in China, Fans are Furious
In the morning of May 20, one hour before the final episode of Game of Thrones was about to air in China, Tencent video announced an unexpected delay.
5/22/20192 min read