CBA Weekly Overview: Guangdong Likely to Lose Marshon Brooks for Rest of the Season
Upon returning to China to meet with his team, the Guangdong Southern Tigers, Marshon Brooks received a piece of news that will put his basketball career on pause.
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Xiaomi Opens 500 Stores in India and Sets New World Record
Xiaomi has set a world record by opening 500 new Mi stores in India, all in a single day. After opening their first store in London last week, the Chinese ...
China's Ministry of Finance Issues $6 Billion Advance Subsidy for New Energy Vehicles in 2022
Recently, China's Ministry of Finance issued a subsidy aimed at achieving energy conservation and emissions reduction goals in 2022.
11/29/20212 min read
Huami Applies for IPO in US, Affects Xiaomi's Valuation
The US Securities and Exchange Commission (SEC) said on Tuesday that the Huami had submitted an IPO request. That means Huami could soon be listed in the US sto...
Huawei-Backed AITO Conducts Price Reductions, Following Tesla
The M5 and M7 models of AITO, a Chinese automaker established jointly by Huawei and Seres, have undergone price reductions of 8,000 yuan ($1,096). AITO is the first new energy vehicle brand in China to follow in the footsteps of Tesla's latest decision.
Baidu Brings Apollo Go Robotaxi Service to Downtown Shenzhen
Baidu's ride-hailing service platform Apollo Go has launched trial operations in Shenzhen’s Nanshan District, providing autonomous robotaxi services to Shenzhen commuters.
2/17/20222 min read
Chinese Power Battery Firm Gotion High-Tech Plans Swiss IPO
Gotion Hi-Tech, a Chinese power battery manufacturer, announced plans on Thursday to issue Global Depository Receipts (GDR) and to apply for a listing on the Swiss Stock Exchange.
5/6/20222 min read
Huawei Rumored to Hold Another Launch Event on July 27
Huawei held a launch event on July 4 for its nova 10 series of smartphones, the Watch Fit 2 smartwatch and more. According to tips by a Chinese tech industry blogger on July 5, Huawei will hold another launch event on July 27 to release more new products.
7/5/20222 min read
Xiaomi's Auto Business Loses Its Head of Marketing
Zhou Xing, the marketing director of Xiaomi Auto, reportedly departed from the car-making division of the Chinese smartphone company several weeks ago.
2/22/20232 min read
Alibaba Acquires 100% Shareholding of Youku Movie
Youku Movie Co., Ltd.'s original shareholder, Youku Information Technology Co., Ltd., withdrew, and Alibaba Digital Media & Entertainment Group acquired its 100% shareholding.
1/5/20221 min read
Ofo Affiliate Fined RMB13.41 Million by Court
On June 23, Tianyancha showed that Dongxia Datong Company was listed as a judgment debtor by the Haidian District People's Court of Beijing, obliging it to pay about 13.416 million yuan in fines.
6/24/20213 min read
Still Optimistic About Self-Serve Stores? First Batch Close in Shanghai
Internet giants Alibaba and JD.com are still flirting with plans to open self-serve stores, but the first group of similar businesses has imploded in Shanghai. ...