Douyin and Kuaishou Increase Investment in E-Commerce Logistics
Douyin and Kuaishou, two leading Chinese short video platforms, are increasing their investment in e-commerce infrastructure.
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Tesla, Xiaomi and Toyota to Start Construction Projects in Beijing
The People's Government of Beijing Municipality issued a key 2022 task list, showing that Tesla's design center, Xiaomi Auto's manufacturing plant, Toyota's fuel cell R&D center and other projects will start construction in Beijing this year.
Avatr 11 to Be Displayed in Huawei's Flagship Stores in Beijing and Shenzhen This Year
Avatr Technology, a brand co-developed by Changan Automobile, Huawei and CATL, has reached an agreement with Huawei with which the brand's first model, Avatr 11, will be put on display in Huawei's flagship stores in Beijing and Shenzhen later this year.
10/28/20223 min read
Moonshot AI Kimi 'Context Caching' Feature Starts Public Beta
Moonshot AI officially launched the public beta of Kimi open platform's Context Caching feature.
7/2/20243 min read
Ten Chinese Tech Companies Fined for Violation of Antitrust Laws
Ten companies have been fined for malpractice in past mergers and acquisitions deals, according to a statement from the State Administration for Market Regulation (SAMR) on Friday.
3/12/20212 min read
Baidu Launches Apollo Go Robotaxi Service in Beijing Apollo Park
Baidu on Sept. 10 launched the Apollo Go Robotaxi service in Apollo Park in Beijing, covering nearly 100 pick-up and drop-off stations in Yizhuang, Haidian and Shunyi districts.
9/10/20202 min read
Battery Giant CATL Expects 2021 Net Profits of Up to $2.59 Billion
Contemporary Amperex Technology Co., Ltd. (CATL), a leading Chinese battery firm, released a performance forecast on Thursday night.
1/28/20223 min read
CATL Power Battery Factory in Shanghai Resumes Production
Chinese battery maker Contemporary Amperex Technology Co., Ltd. (CATL) had resumed production at its factory in Shanghai on Monday. The factory manufactures power battery modules.
Amazon Purchases 1,000 Self-Driving Truck Systems from Plus, Marking a Further Step Towards Autonomy
Amazon Inc. has purchased 1,000 autonomous driving systems from self-driving truck technology startup Plus, the Chinese firm said in a regulatory filing, according to a report by Bloomberg.
6/22/20212 min read
Faraday Future Annual Report: "May Never Achieve or Maintain Profitability"
The annual report shows that in 2023, Faraday Future had revenue of $800,000 and a cost of sales of $43 million, both of which were zero in the same period of the previous year.
5/29/20242 min read
China VC Weekly: EVs, Food and China Renaissance’s New Fund
China Renaissance’s Huaxing Growth Capital raises new $600 million fund
9/14/20204 min read
U.S. Aims to Block Huawei from Seeking Patent Damages
Marco Rubio, U.S. Senator (R-FL), filed legislation on Monday that would prevent Huawei Technologies Co Ltd from seeking damages in U.S. patent courts.