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Pimchip Technology, a PIM (Processing in Memory) chip designer, has completed round-A financing of more than $10 million, led by Primavera Venture Partners and followed by some existing shareholders.
Xiaomi has continued its international expansion by entering Russia, marking an initial foray into the European market after success in both India and Indonesia.
A recently leaked controller model and trademark suggest that Pico, a VR subsidiary of ByteDance, may soon release a new standalone VR headset, the Pico 4S.
NIO announced on Aug. 27 that it plans to offer additional 75 million ADSs and grant the underwriters a 30-day option to purchase an excess of 11.25 million ADSs, according to a press release.
This week: Xiaohongshu launches digital art platform R-SPACE, Tencent gifts employees special NFTs, NDRC to consider punitive electricity prices for crypto mines, and more.
On November 10, Chinese electric vehicle maker NIO released its financial report for the third quarter of 2022. The company achieved revenue of 13.002 billion yuan ($1.81 billion) in the period, up 32.6% year-on-year and achieving positive growth for 10 consecutive quarters.
Currently, orders purchased on Temu cannot clear Vietnamese customs. Only after permission from the Ministry of Industry and Trade, can customs procedures be processed for import and export goods traded through Temu.
On Tuesday, Baidu's automobile division, JiDU Auto, officially unveiled the logo for its robot car, marking the beginning of a new identity for the brand.
The number of battery swap and charging stations built by NIO, an EV giant, and Sinopec Group, a Chinese fossil fuel giant, has totaled 175 since the partnership began on April 15 last year.
On Tuesday, a report released by the second-hand trading platform Zhuanzhuan Group showed that the proportion of 5G smartphones available in the second-hand market rose to 38.33% in 2021.
On September 8, at the 12th China International Energy Storage Conference held in Hangzhou, a BYD spokesperson said that the company's new energy storage system based on blade batteries will be listed separately at home and abroad next year.
Chinese consumer electronics maker Xiaomi is close to obtaining approval for producing electric vehicles (EVs). Actually, since 2017, the application process and criteria for granting electric vehicle manufacturing licenses in China have tightened.