Alipay Unveils Annual Report for Wallet-Free Chinese Users
Mobile payments accounted for 82 percent of all payments on the Alipay platform in 2017, according to an Alipay report published on January 2. Many people in Ch...
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BYD Reaches Agreement With RoboSense
BYD, a Chinese EV maker, announced on Tuesday that it had held a signing ceremony for its strategic cooperation framework agreement with RoboSense, a smart LiDAR sensor system company.
12/28/20212 min read
Alibaba Acquires Israeli Startup InfinityAR
Alibaba has acquired the Israeli augmented reality software startup InfinityAR, both companies announced on Mar. 24. While no financial details were disclosed, Globes cited market sources estimating a deal in excess of $10 million.
3/25/20192 min read
AI Company AInnovation Submits Second Application for Hong Kong IPO
According to a document disclosed by the Hong Kong Stock Exchange (HKEx) on January 3, AInnovation has submitted its IPO application, with UBS, CICC and China Renaissance as co-sponsors.
1/4/20222 min read
Drone Maker DJI Releases New Products for Unmanned Work
Shenzhen-based drone manufacturer DJI has carried out its recent “For Everyday Heroes” event, where it introduced the Matrice 30 Series, a multi-drone fleet management software called FlightHub 2, and more.
WM Motor Applies for Bankruptcy Review
WM Motor has recently officially applied for bankruptcy review, and the handling court is Shanghai Third Intermediate People's Court.
10/10/20233 min read
Heat-Induced Power Crunch in China Affects Tesla and NIO Charging
Recent high temperatures have pushed the power loads of many Chinese provinces to record highs. Many regions across the country have decided to adopt off-peak power consumption or suspended industrial production measures.
8/19/20222 min read
Dongfang Honghu Bags A-Round Financing From Source Code Capital
Digital consumer brands company Dongfang Honghu on Wednesday announced its completion of an A round of financing worth tens of millions of dollars, exclusively led by Source Code Capital.
2/23/20222 min read
What Killed ofo — The Fall of a Unicorn
“It will take 3.6 years to get my deposit back,” a reporter from Sina wrote. Ofo users have been seen waiting in line in front of the company's headquarters ...
12/20/20184 min read
Tencent-backed Health Startup Waterdrop Raises $200M in Series D Round
Waterdrop Inc. has raised around $200 million to fund its expansion in healthcare crowdfunding, at a valuation of approximately $2 billion.
8/12/20203 min read
Ep. 47: Chinese K12 English EdTech: VIPKid and How Learning is Earning
In episode 47 ofTechBuzz China, co-hosts Ying-Ying Lu and Rui Ma dive into a topic they have been wanting to cover for a while now: Chinese educational technology (edtech).
Tencent's Subsidiary to Become Shareholder of Japanese Game Developer FromSoftware
Kadokawa, a Japanese publishing enterprise, announced on August 31 that FromSoftware, a game subsidiary, will issue new shares to Sixjoy Hong Kong, a subsidiary owned by Tencent, and Sony Interactive Entertainment (SIE) through third-party allotment.