Beijing’s First Unstaffed Coffee Shop Open for Business But Faces Several Challenges
An unstaffed coffee shop named Youhuan Bar (lit. Friends Bar) opened at the University of International Business and Economics. A reporter from Beijing Business...
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Li Auto to Stop Production of Li ONE, Dropping Price by 20,000 Yuan
Owners of Li Auto's Li ONE model have been registering online complaints regarding the firm's September 1 announcement that it will be upgraded and sold with a discount of $2,885, and that production of the vehicle will be stopped next month.
9/5/20223 min read
Chinese Fitness App Keep Updates HKEx Prospectus
On September 6, Keep, a Beijing-based sports tech firm, updated its prospectus on the Hong Kong Stock Exchange (HKEx).
9/6/20223 min read
BYD Denza N7 Debuts Its Advanced Intelligent Driving Assistance System "God's Eye"
On July 3rd, the new BYD Denza's SUV model, DiSus N7, officially launched tonight, while BYD globally debuted its "Advanced Intelligent Driving Assistance System" with the design concept of "God's Eye," realizing comprehensive vehicle companionship, assistance, and rescue in all scenarios.
Xpeng to Launch G6 Model Globally, Accelerating Entry into Western Europe and Commonwealth Countries
On March 19, He Xiaopeng announced during Xpeng' earnings call that the company will significantly accelerate the expansion of its overseas business in 2024.
Logistics Firm BEST Inc. Regains Compliance With NYSE Listing Standards
BEST Inc., a China-based smart supply chain solutions and logistics services provider, announced on Thursday that it has received notice from the New York Stock Exchange that the company has regained compliance with listing standards.
6/10/20223 min read
ByteDance Acquires Stake in Xinyuan Semiconductors
ByteDance, the parent company of TikTok, has strategically invested in Xinyuan Semiconductors, a China-based memory chip manufacturer, according to recent corporate records.
3/13/20242 min read
California Governor Gavin Newsom Test Drives BYD During Visit to China
California Governor Gavin Newsom visited Shenzhen on Tuesday, and test drove a BYD electric car.
MKSemi Completes Pre A+ Round of Financing, Led By Lightspeed China Partners and Gaorong Capital
Mauna Kea Semiconductors (MKSemi), a low-power ultra-wideband (UWB) company, recently announced the completion of a Pre A+ round of financing, raising over 80 million yuan (about $12.6 million).
1/12/20222 min read
US Chip Designer Marvell to Begin Layoffs in China
Marvell, a US-based chip designer, has reportedly decided to dissolve all of its Chinese research and development (R&D) teams. Marvell had already undergone significant layoffs in China in October of last year.
Huawei Denies Joint Venture with Automobile Firm Volkswagen
Today, 36Kr reported that Huawei plans to form a joint venture with Volkswagen Group to develop its autonomous driving technology. However, this rumor has been denied by Huawei.
10/20/20212 min read
China VC Weekly: Blockchain, Trucking, E-commerce
In last week’s VC news, blockchain startup Rangers Protocol brought its valuation to $63 million, investment firm Yinke PE closed a new RMB-denominated fund, UAE fund poured funds into a Chinese trucking startup and cross-border fashion e-commerce platform Doublefs raised as much as $100 million.
6/23/20214 min read