Missfresh Raises Largest Financing of $500M
Missfresh partner Xiao-hui Xu announced at the Third A20 New Agricultural Festival on December 24 that Missfresh would complete a new round of financing next we...
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NIO Builds 205 Power Swap Stations on Expressways
Chinese electric vehicle maker NIO announced on Wednesday that it has put into service over 205 expressway power swap stations which cover more than 20,000 kilometers of roadways in the country.
6/22/20222 min read
China Presents the 2022 Winter Olympics Mascot 'Bing Dwen Dwen'
The Chinese mascots of the 2022 Winter Olympics and Paralympics were officially unveiled on September 17 at the Shougang Gymnasium sporting arena in Beijing.
9/18/20192 min read
China VC Weekly: Keppel Capital’s New Fund, Pony.ai’s Lofty Valuation and More
In last week’s VC news, a local gene tech firm raises funds from Tencent, Singapore’s Keppel Capital sets its eyes on China’s logistics market, while autonomous driving powerhouse Pony.ai takes its valuation to new highs.
2/11/20213 min read
Bytedance Invests $182 Million in Sports Community Platform
On June 6, sports community platform Hupu officially confirmed that it obtained 1.26 billion yuan ($182 million) from Bytedance in the pre-IPO round. This gives Bytedance a 30% stake in Hupu.
6/6/20192 min read
Alibaba Kicks Off Annual Philanthropy Event With New Interaction Channels
Alibaba Group started its sixth annual Philanthropy Week on Tuesday with a series of online and offline initiatives across its businesses and new ways for the public to participate.
Power Semiconductor Maker E-tronic Secures Series A+ Financing
E-tronic, a provider of power semiconductors and system solutions for electric vehicles, has recently announced the completion of its series A+ financing round raising tens of millions of yuan. The funding was exclusively led by Sinovation Ventures.
3/22/20233 min read
ByteDance Denies Developing Game Similar to Genshin Impact
Nuverse, a company owned by Beijing-based technology giant ByteDance, is planning to develop a 3D open world game similar to Genshin Impact.
2/21/20222 min read
Tencent Showcases Vehicle-cloud Integration Technology
Tencent showcased its vehicle-cloud integration technology and advances in smart driving maps, cockpit interaction solutions and more on the Tencent Intelligent Mobility Ecosystem Day on April 17.
4/18/20233 min read
BYD to Open Electric Truck Factory in Canada
BYD announced it would build an electric truck factory in Canada, which will be its first electric car assembly plant in Canada. The electric truck plant is sch...
12/12/20171 min read
Cainiao Global Partners With Shoplazza to Launch Customized Logistics Services
Cainiao Global, a logistics company backed by Chinese tech giant Alibaba, reached a cooperation agreement on Wednesday with commerce platform Shoplazza.
Baichuan Intelligent Technology Joins Unicorn Club with $300M Investment
Baichuan Intelligent Technology has completed its Series A1 strategic financing round, raising over 300 million US dollars. Tech giants such as Alibaba, Tencent, Xiaomi, and several top investment institutions have all participated in this round of financing.
10/17/20233 min read