Shunwei Capital to Reduce Stakes in Roborock, Not Exceeding 6%
Roborock, an intelligent home-cleaning robot company, disclosed a shareholding reduction announcement on Thursday night.
5/27/20223 min read
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China’s 2019 Top 10 Global Tech Companies
In 2019, Chinese tech companies increasingly shifted their focus overseas, in an effort to gain influence and market share abroad.
Intelligent Truck Manufacturer DeepWay Secures A+ Round Financing of $117M
DeepWay, an intelligent truck manufacturer based in China, has secured over 1.2 billion yuan ($174 million) in funding after completing its A+ round financing of 770 million yuan ($117 million).
3/28/20233 min read
Cheng Wei Says Didi Has Only Achieved 1% of The Mission
Cheng Wei, the founder, chairman and CEO of Didi, was invited to speak at Tsinghua University yesterday evening. When sharing his experience of starting up busi...
10/13/20174 min read
ByteDance's Real Estate Trading Platform Xingfuli Abolishes New House Salesmen
Xingfuli, a real estate trading platform owned by ByteDance, abruptly notified some Beijing new house sales employees of layoffs on Tuesday.
12/2/20212 min read
Sunwoda EVB and Partners to Invest $1.71B in Joint Battery Project
The electric vehicle battery subsidiary of Shenzhen-based Sunwoda will jointly invest about 12 billion yuan ($1.71 billion) alongside three other parties to build a 30GWh battery production base, according to an announcement on September 15.
9/16/20222 min read
Chinese Electric Carmaker XPeng Raises $2.16 billion in Upsized Share Sale
Chinese Electric Carmaker XPeng raised $2.16 billion in an upsized follow-on offering, the company announced in a statement on Wednesday.
12/10/20202 min read
Beijing Publicizes More Supervision of Digital Ride-Hailing Industry
On Monday evening, a coalition of eight Chinese governmental departments jointly revised and issued a notice regarding the strengthening of supervision over online ride-hailing services.
2/15/20222 min read
BYD's Seagull Hatchback Unveiled with A Starting Price Lowered to $11,376
On April 26th, BYD, a Chinese electric car manufacturer, introduced the Seagull as part of its Ocean Series. The Seagull is classified as an A0-level vehicle and comes equipped with blade batteries.
OPPO Launches New OPPO Reno FC Barcelona Edition Smartphone to Celebrate Renewed Partnership
Chinese smartphone maker OPPO today launched a new special edition OPPO Reno mobile phone in cooperation with Spanish professional football club, FC Barcelona, in Barcelona, Spain.
Tesla China Denies Online Rumors Regarding Site of Second Factory
Tao Lin, Vice President of Tesla China, asserted via the country's Twitter-like platform Weibo on Wednesday that news circulating on the internet about the potential site of the firm's second factory in the country is not true.
11/4/20212 min read
Baidu and Geely-Backed JIDU Debuts ROBO-01 SUV Standard Version EV
JIDU, a new energy smart vehicle company with joint investment from Chinese internet giant Baidu and leading automobile maker Geely, unveiled its ROBO-01 standard version vehicle, a medium to large-sized SUV, and the new pure electric coupe ROBO-02.
12/30/20224 min read