Geely-Backed Zeekr Unveils Electric MPV Zeekr 009
Geely-backed high-end intelligent electric vehicle brand Zeekr announced on July 22 that its new MPV model has been named the Zeekr 009, also releasing preview images of the car.
7/22/20222 min read
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Tencent-backed Livestreaming Platform Douyu Helps Revive Sales of Hubei Products
Tencent-backed video game livestreaming platform Douyu has helped revive sales of products from Hubei，the province hardest hit by the coronavirus outbreak in China, through a four-day e-commerce livestreaming campaign.
4/21/20202 min read
TuSimple, NVIDIA Develop Domain Controller to Scale Up Autonomous Trucking
On Tuesday, TuSimple, a global autonomous driving technology company, has expanded its ongoing partnership with NVIDIA to design and develop an advanced autonomous domain controller (ADC).
1/5/20222 min read
Auto-Level MCU Chip Developer Yuntu Semiconductor Wraps Up Round-A Financing Totaling $15.7 Million
Suzhou Yuntu Semiconductor Co., Ltd. announced on Friday that it has completed round-A financing of 100 million yuan ($15.7 million).
12/31/20212 min read
Xiaomi's IPO: First Foreign Company to Issue CDRs in Mainland China
Xiaomi Corporation is going to be the first foreign company to issue Chinese Depositary Receipts (CDRs) in mainland China, as revealed in its prospectus release...
China's Proptech Giant Beike Explores Home Furnishing Sector
KE Holdings Inc. (Beike) is the face of proptech in China, with the ambition to reinvent the country's still undeveloped living and housing sector. It has a long-lasting DNA of providing high-quality services to customers.
8/24/20225 min read
NIO Lowers Q4 Delivery Forecast
Chinese electric vehicle maker NIO announced on December 27 that due to skyrocketing COVID-19 cases across the country, the company now estimates that 38,500 to 39,500 vehicles will be delivered in the fourth quarter of this year.
12/28/20223 min read
Self-Developed Nature of Xiaomi's Surge P1 Chip Called Into Question
Xiaomi's Surge P1 chip, a purportedly self-developed charging chip, was recently questioned to be produced by an original equipment manufacturer (OEM).
2/10/20224 min read
QuantInfo Technology Secures B-Round Financing Worth Over 100 Million Yuan, Focusing on FICC Trading
QuantInfo Technology, a Shanghai-based company that provides quantitative trading technology and services, announced that it has completed a B round of financing worth over 100 million yuan ($15.7 million).
1/10/20222 min read
JD.com Denies Rumors of Large-Scale Layoff
JD.com has no plans for widespread layoffs and is, in fact, continuing to recruit new employees, said an anonymous insider from the company, adding that the total workforce at JD.com presently stands at 590,000.
ByteDance's Douyin Pilots Food Delivery in Shanghai, Beijing and Chengdu
ByteDance's Douyin, the sister app of TikTok for mainland China, has set up a new branch responsible for local life business in Chengdu, Sichuan Province and has also set up on-demand delivery and community group-buying distribution businesses.
10/21/20223 min read
STEPN Closing Services in Mainland China
Rumors were spread on Thursday within the Chinese digital community of STEPN Chain that the firm is being forced to exit mainland China. The rumor was confirmed a few minutes after midnight, early on Friday morning.