Li Auto’s US IPO Gets Fully Subscribed
NIO’s domestic rival, Beijing-based electric vehicle startup Li Auto’s initial public offering in the US has been fully subscribed for a whopping $950 million, Reuters’ IFR reported.
7/29/20202 min read
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Baidu Plans to Launch Apollo Go Robotaxi Service in Hong Kong
Baidu Apollo Go plans to launch robotaxi service in Hong Kong, which will also be its first business outside the mainland market.
Huawei respects Best Buy decision to stop selling Huawei phones
According to CNET, a person close to the situation said that U.S. electronics retailer Best Buy has stopped selling Huawei smartphones. SEE ALSO: Chinese Smart...
3/23/20182 min read
Chinese Tourists Bring Alipay Overseas
When shopping in China there's no need to bring your wallet, most people use their phones to pay, regardless of if you are buying a piece of gum or a new car.
Alibaba Cloud Launches New AI and Big Data Products, Establishes Damo Academy in Shanghai
Alibaba Cloud unveiled a suite of AI and big data products for international markets at a recent summit in Singapore, aiming to accelerate global AI-driven digital transformation.
CATL "Shenxing Superfast Charging Battery" Debuts on Chery's Sterra Model
Recently, Chery Automobile and CATL jointly announced that the "Shenxing Superfast Charging Battery" will be implemented in Chery's Sterra model.
Chengmandian Wins Nearly $12.5 Million in First Phase of Round A Financing, Led by Yingke PE
Anhui Chengmandian Energy Technology Co., Ltd. completed the first phase of a Pre-A round of strategic financing totaling 80 million yuan ($12.5 million), with Yingke PE leading the investment.
12/30/20212 min read
Tesla Encourages Chinese Suppliers to Build Factories in Mexico
According to a report by 36Kr, Tesla is said to be mobilizing numerous Chinese supply chain firms to establish factories in Mexico.
Former Meizu CMO Yang Zhe Joins Xiaomi as VP and China CMO
Xiaomi today announced the appointment of Yang Zhe, also known as Jeffery Yang, as Vice President and Chief Marketing Officer (CMO) of its Chinese division.
6/2/20202 min read
Xiaomi Sees Annual Decline in Q3 Net Profits and Revenue, Car Production Ran Smoothly
Xiaomi released its financial report for the third quarter of 2022 on November 23. Its revenue in the period was 70.47 billion yuan ($9.87 billion), down 9.7% year-on-year. Net profits were -1.476 billion yuan, while adjusted net profits were 2.117 billion yuan, down 59.1% year-on-year.
11/24/20224 min read
SpeedBot Robotics Secures B Round of Financing Worth $44.4M
SpeedBot Robotics announced on July 20 that it had completed a round B of financing totaling 300 million yuan ($44.4 million), which was exclusively led by Matrix Partners.
7/20/20222 min read
Battery Giant CATL Cuts Prices in China
Chinese battery giant CATL is taking the initiative to implement a battery price reduction plan for key car companies, and put forward a price reduction requirement of about 10% to its raw material suppliers.
2/17/20233 min read