Alibaba Transforms into a Dual Primary Listing in Hong Kong
On August 23, Alibaba declared its voluntary transition from a secondary to a primary listing on the Hong Kong Stock Exchange, effective from August 28, 2024.
8/23/20243 min read
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DJI Releases First Independent Wireless Video Solution and Two Stabilizers
DJI, a Shenzhen-based civilian drone manufacturer, on Wednesday unveiled three new tools that it claims will enable filmmakers and the content creation community to easily bring their visions to life.
6/16/20223 min read
BYD Wins Qualification as Lithium Battery Material Producer in Chile
BYD announced that its Chilean subsidiary, BYD Chile SpA, has reached an agreement with Chilean governmental organization CORFO on lithium battery material production.
4/25/20232 min read
BYD Surpasses Tesla to Rank Top in Global EV Sales in H1
Chinese EV maker BYD sold 641,400 new energy vehicles in the first half of 2022, up 315% year-on-year. BYD continues to maintain its leading position in the domestic EV market, and has surpassed Tesla to become the leading EV company by sales.
OFilm Reports H1 Net Loss of $125.8M after Losing Important Customers
OFilm, a high-technology manufacturing and assembly company in China, on August 29 released its financial report for the first half of this year. Its net loss during the period was 870 million yuan ($125.8 million).
8/29/20222 min read
iPhone 11 Greatly Exceeds Pre-Sale Expectations in China
While Apple’s new iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max will not be available in stores until September 20, online pre-sales for the new handset have exceeded expectations by a landslide.
Baidu Reports $4.57B Q3 Revenue and Abundant Free Cash Flow
Chinese tech and Internet giant Baidu announced on November 22 its unaudited financial results for the third quarter ended September 30, 2022, beating market consensus, with Baidu Core's non-GAAP operating profit increasing by 14% year over year.
Zhao Changlong Replaces Xu Jiayin as Chairman of China Evergrande's Key Unit
Zhao Changlong will replace Xu Jiayin as chairman, and will also be general manager of Hengda Real Estate Group, a key unit under China Evergrande Group.
8/17/20212 min read
Alipay Sets up Independent Search Department Headed by Taobao Veteran Yuan Huaibin
Alipay has recently carried out a round of internal organization restructure where the search business is now an independent business division headed by Yuan Huaibin.
"The Most Competitive in the World", Elon Musk Commend Chinese Automakers at Conference Call
Musk predicted the success of Chinese car makers would significantly extend beyond their domestic market, stating that Chinese automakers would "demolish" most of the world's other car companies if there were no trade barriers.
1/25/20242 min read
Huawei and Xiaomi Strike Global 5G Patent Cross-Licensing Deal
Huawei and Xiaomi reach a global patent cross-licensing agreement, covering 5G communication technology.
NIO CEO Li Bin Considers Collaborating with European Local Companies to Establish Factories
The company will also consider cooperating with a local manufacturer to build a factory in Europe, but NIO first needs to increase its sales in Europe, says Li Bin.
5/24/20242 min read