Meituan and Ele.me Launch Group Buying Food Delivery Services
The leading two companies in the domestic food delivery industry – Meituan and Ele.me – are now promoting "group buying food" services, while keeping a low profile.
4/20/20223 min read
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Can we Really Use Facial Recognition to Deter Medical Scammers?
From train tickets and concert shows, to medical appointments, swindlers can be found in many places in China. While some residents benefit from their services by being able to secure some of the services they need, albeit, at a higher price.
3/3/20195 min read
How Mobile Gaming Conquered China
Chinese gamers have historically been staunch PC buffs, but it was rather a Hobson’s choice. From 2000 to 2015 buying an Xbox or a PlayStation was not an easy feat for local youths, since most consoles were simply banned from official sale.
China's EV Charging Patents Are Nearly 3 Times of the United States
On May 4th, according to a report released by Patent Result, Chinese companies have submitted more patent applications related to electric vehicle charging and battery swapping compared to competitors from any other country.
Baidu Executive: The Death Rate of Traffic Accidents to be Reduced by 90% In Era of Autonomous Driving
Wei Dong, Vice President and Chief Safety Operation Officer of Baidu's Intelligent Driving Business Group, said in a recent speech that in the era of autonomous driving, the death rate in traffic accidents will be reduced by 90%.
10/13/20212 min read
Vision Deal Passes HKEx Hearing, Becoming the Exchange's Second SPAC
Vision Deal HK Acquisition Corp, a special purpose acquisition company (SPAC), has received approval following a listing hearing a few days ago. Citigroup and Haitong International Capital are serving as co-sponsors.
5/30/20222 min read
Tencent-backed Beike Raises $2.12B in US IPO
KE Holdings Inc., better known by its housing transactions platform Beike Zhaofang, sold $2.12 billion worth of shares on Thursday in a US IPO.
MiraclePlus Welcomes Investment from Sequoia, Former JD.com CEO After Y Combinator Exit
MiraclePlus RMB Fund I, L.P., recently completed a new round of funding, with Sequoia and former JD.com CEO Richard Liu among its investors.
6/17/20201 min read
China Reports Over $10 Billion Esports Games Profit in First Half of 2020, Grows 54.7% YoY
During the annual China Digital Entertainment Expo & Conference (ChinaJoy) in Shanghai, China Game Industry Research Institute released its research report for China’s gaming industry from January to June of 2020.
8/7/20202 min read
Alibaba adds $2 billion to Lazada investment
Alibaba Group announced today that it will invest another $2 billion in Lazada Group in an effort to accelerate its growth and deepen its integration with the A...
3/20/20183 min read
XPeng Plans to Launch MPV, SUV and Modified Version of P7 in 2023
Chinese electric vehicle maker XPeng plans to launch three new models in 2023, namely, the modified version of the hot-selling model P7, an SUV model with internal code F30, and an MPV model with internal code H93.
12/14/20223 min read
Newly Established Phigent Robotics Bags Millions in Latest Financing
Established only two months ago, Phigent Robotics has completed rounds of financing worth tens of millions of dollars in angel and pre-A financing rounds.
10/22/20212 min read