Music Tech Firm Xiaoyezi Bags C2-Round Funds Worth Tens of Millions of Yuan
Xiaoyezi Beijing Technology Co., Ltd. has completed a C2 round of financing worth tens of millions of yuan led by Zhencheng Capital.
6/17/20222 min read
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Quadruped Robot Startup Unitree Robotics Secures Round B Financing
Unitree Robotics, a high-performance quadruped robots manufacturer, has recently announced its completion of B-round financing worth several hundred million yuan, led by Matrix Partners and Dunhong Capital Management.
4/20/20223 min read
Tesla Shanghai's Registered Capital Rose to 4.67 Billion RMB
Tesla's arm in China, Tesla (Shanghai) Co. Ltd has increased its registered capital to a total of 4.67 billion RMB (about $680 million) on Sept. 7, according to...
9/10/20182 min read
11 Lessons American Companies Can Learn From Chinese Brands
Chinese markets are thriving and there is no denying in that! The communist-turned-capitalist country has been thriving by all leaps and bounds; it now houses s...
12/8/20188 min read
Shenzhen Futian Distributes 20 Million Digital Yuan in Red Envelopes
Futian District in the city of Shenzhen issued 20 million digital yuan to eligible local citizens in 100,000 red envelopes, each with a value of 200 yuan, marking the second time the city of Shenzhen participated in an official e-yuan pilot in the form of red envelopes.
1/8/20212 min read
Realme Gauges Interest in Launching Screen Feature Like iPhone's Dynamic Island
Chinese smartphone manufacturer realme has asked its users around the world to share opinions and suggestions on whether the firm should adopt a design similar to Apple's new "Dynamic Island" feature on the iPhone 14 Pro and iPhone 14 Pro Max.
Alibaba Obtains L4 Automated Driving Test License in China
An unmanned truck named "Damanlv," which has been developed by Alibaba's DAMO Academy, will carry out road tests in designated areas in Deqing, Zhejiang Province.
6/27/20223 min read
Pinduoduo, China’s Facebook-Groupon Mashup, Files for $1B US IPO
Pinduoduo, one of China’s largest e-commerce unicorns, looks to raise around US$1 billion in its U.S. initial public offering (IPO), confirming a report publish...
Meituan Invests in Sodium-Ion Battery Developer Chaona New Energy
Beijing-based life services e-commerce platform, Meituan, had one of its subsidiaries invested in Huzhou Chaona New Energy, with a shareholding ratio of 10%.
12/6/20223 min read
Former Sequoia China Executive Cao Xi Establishes Monolith Management With First Fund to Exceed $500 Million
Cao Xi, a former partner of Sequoia China, announced on Friday that he and Tim Wang, a former secondary market partner of Boyu Capital, will jointly establish Monolith Management, an investment management institution.
11/26/20212 min read
Ctrip Considers Delisting from Nasdaq
China’s largest online travel firm Ctrip.com is considering a delisting from Nasdaq due to the impact of COVID-19 and rising US-China tensions.
Beijing to Grant Parents Having a Third Child 30 Days of Maternity Leave
As regulated after May 31st, Beijing citizen who give birth to a third child will enjoy 30 days of maternity leave and 15 days of paternity leave.
8/5/20212 min read