
Bytedance Rumored to Hit $20 Billion Revenue Goal for 2019
Chinese media outlet Jiemian reports that ByteDance achieved its performance goals in 2019, with annual revenue exceeding 140 billion yuan ($20 billion).
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Chinese media outlet Jiemian reports that ByteDance achieved its performance goals in 2019, with annual revenue exceeding 140 billion yuan ($20 billion).

Pony.ai signed a MoU with Emile Weber. The two parties will collaborate to promote the R&D of autonomous driving vehicles and technology in Luxembourg.

Technology industry research institution IDC released a new report, which indicates that the penetration rate of L2 autonomous driving in the Chinese passenger car market is as high as 23.2%.

2020 marked a special year for women in the Chinese entertainment industry. With trending female talent shows, the discussion about representation and inclusion of diverse female figures is finally coming to light.

On August 23, Chongqing Municipal People's Government signed a contract with Banma, a subsidiary of Alibaba, to reach a strategic cooperation deal.

On September 7, Hanma Technology, which focuses on the manufacturing of heavy-duty trucks, reiterated that it would cease its production of fuel vehicles in 2025 and instead enter the field of new energy heavy-duty trucks.

Between 5:40 pm and 6:00 pm on December 15, Beijing time, many locals in Jinhua, China's Zhejiang Province posted online that they had witnessed a mysterious bright "fireball" flashing through the sky, and that meteorite parts were suspected to have fallen to the ground.

Chinese AR glasses manufacturer Rokid joined hands with China National Petroleum Corporation (CNPC) to launch a 5G explosion-proof AR headband X-Craft, aiming to promote frontline worker productivity as well as ensure safety in high-risk zones through the remote collaboration system.

On April 28th, the BYD Destroyer 05 Champion Edition was launched for sale. The new car has a total of 5 configurations with a price range of ¥101,800 to ¥148,800 RMB (about $15,000 to $22,000 USD).

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.

On April 18th, the 20th Shanghai International Automobile Industry Exhibition officially opened. BYD debuted multiple models including: YangWang U8, Song L concept SUV and BYD Seagull.