China NFT Weekly: PBoC's Hiring Spree
This week: Chinese tech giants tighten platform rules on digital collectibles as regulation remains uncertain, China strengthens control of capital outflow following US Fed's interest rate hike, and more.
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Elon Musk Sells L.A Mansion to NetEase CEO William Ding Lei
As Elon Musk announced not to hold physical property any more, he sold one of his Bel-Air Mansion in Los Angeles to NetEase CEO.
6/22/20202 min read
Facebook Registers Subsidiary in China, Website Still Banned
Facebook has registered a company in Hangzhou, China on July 18, as reported in a filing with China’s National Enterprise Credit Information Publicity System. ...
China VC Weekly: InsurTech, EdTech, Artificial Meat and Robots
Artificial meat company Starfield nets a $10 million series A, who currently offers nearly 20 artificial meat product titles.
8/24/20204 min read
BYD to Build a Second Electric Car Factory in Cambodia
BYD plans to open an electric vehicle assembly plant in Cambodia, which would be capable of producing 20,000 electric vehicles annually.
Ctrip Releases China’s First Car Rental Standards
China’s largest online travel firm Ctrip.com released nine service standards for the domestic car rental industry. This is the first car rental standard in China.
8/7/20202 min read
Vivo Releases the Open Large Language Models BlueLM-7B
On November 1st, at the 2023 vivo Developer Conference, vivo announced that it will be the first to open-source the large language models BlueLM-7B and its corresponding fine-tuning framework.
Wanda Film Plans to Build at Least 30 New Cinemas This Year
Wanda Film Holding, China’s leading cinema chain operator, held its 2021 online performance meeting on Wednesday, introducing details on its operations last year and on future plans amid the continuing pandemic.
5/26/20223 min read
Chinese K12 Education Institutions Bet on Live-streaming E-commerce
In 2022, under the pressure of the Double Reduction policy, many K12 education companies in China, including New Oriental Education & Technology Group and Doushen Education, transformed into the live-streaming field.
12/28/20223 min read
Chinese Fintech Giant Ant Group Appoints New CPO
According to the official website of Chinese financial technology giant Ant Group, Sam Zeng, the former Chief People Officer, left his post and has been replaced by Wu Minzhi, previously the firm's deputy CPO.
China VC Weekly: Autonomous driving, SaaS and ZWC’s New Fund
In last week’s China VC news, autonomous driving technology startup HoloMatic completed its Series B1 round of financing, SaaS vendor G+ bagged 180 million yuan for further business expansion, while prominent VC ZWC Partners closed a new $774 million US-dollar fund.
7/6/20213 min read
Uber Seeks to Sell Part of $6.3 Billion Stake in Didi Chuxing
Leading ride-hailing company Uber Technologies Inc. is seeking to sell part of its $6.3 billion stake in Didi Chuxing, Bloomberg reported.
9/18/20202 min read