Ride-Sharing Platform T3 Travel Completes $1.2 Billion A Round of Financing
Chinese ride-sharing startup T3 Travel announced the completion of its Round A financing on Tuesday, amounting to 7.7 billion yuan ($1.2 billion).
10/27/20212 min read
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CATL to Invest 13.5 Billion Yuan in Building a Lithium-Ion Battery Plant in Yichun, China
On Monday, leading Chinese battery firm Contemporary Amperex Technology Co., Limited (CATL) announced plans to invest a maximum of 13.5 billion ($2.09 billion) in building a new lithium-ion battery plant in the city of Yichun.
9/14/20212 min read
AR Service Provider Flowing Cloud Eyes to Become First Metaverse-Related Stock Listed in Hong Kong
On September 22, a document from the Hong Kong Stock Exchange (HKEx) showed that Flowing Cloud, a Chinese tech firm, passed the listing hearing and it will start trading on the main board of the exchange.
Alipay Uses Technology to Create Social Impact
Alipay released its second sustainability report on May 20 in Beijing. The report is titled “Moving towards a better society for the future”, and lists the company's initiatives and achievements from 2017 and 2018 that had positive social impacts.
Consumer Tech Brand Nothing Raises $50 Million, Announces Cooperation with Qualcomm
Nothing, a London-based consumer technology company, announced on Tuesday that it has raised $50 million in a Series A+ round of financing recently and has reached various cooperation agreements with Qualcomm Technologies.
10/14/20212 min read
DJI Drones Under Siege by the US Department of Homeland Security
On Monday, The US Department of Homeland Security (DHS) issued a warning notice to US firms, expressing concerns over Chinese-made drones possibly posing risks to their company data.
5/21/20192 min read
Tesla China Refutes Rumors about Full Version FSD Pilot in Shanghai
On June 12, Tesla China officially debunked rumors that Shanghai was poised to be the inaugural city for piloting its Full Self-Driving (FSD) technology. The company termed these reports as "unfounded."
Recruitment Platform BOSS Zhipin Completes Dual Primary Listing in Hong Kong
Chinese online recruitment platform BOSS Zhipin completed a dual primary listing on the main board of the Hong Kong Stock Exchange by way of introduction on December 22, trading shares under stock code "2076."
12/22/20223 min read
T11 Food Market Receives $100 Million in Financing Led by Alibaba
T11 Food Market, a Chinese fresh grocery supermarket brand, has recently received financing of $100 million led by Alibaba.
12/13/20214 min read
US Prepares Broader Crackdown on Chinese Chipmakers
The United States Department of Commerce is considering a ban on Chinese companies selling advanced chip manufacturing equipment.
5/10/20222 min read
China VC Weekly: Edtech, Healthcare and China’s “Uber for Trucks”
This week two prominent Chinese online education players received considerable capital injections, while crowdfunding platform Waterdrop and China’s “Uber for trucks” Manbang also received significant investment.
11/30/20205 min read
Lenovo Announces Motorola Layoffs, Will Not Abandon Modular Handsets
On March 10, industry sources said that Lenovo Group's Motorola Mobile may lay off half of its Chicago headquarters employees. This clouds the future of its mod...