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The number of mobile monthly active users decreased from 50.2 million in the same period last year to 45.3 million, and the average number of paying users also decreased from 4.5 million to 3.4 million.
The new energy vehicle subsidies issued by the Chinese government for the past 13 years are scheduled to end this year. However, the vast majority of domestic NEV enterprises have not yet achieved profitability, and are still investing in large-scale research and development.
Luckin Coffee resumed trading on Nasdaq today after announcing that on May 15, 2020, it had received a written notice from the stock market’s Listing Qualifications Staff that its securities were determined to be delisted from Nasdaq.
DeepRoute.ai, an autonomous driving solutions provider, revealed that its lidar product can reduce costs to less than $10,000 per vehicle following mass production.
NiuTrans, a machine translation system that supports most major languages in the world, has recently added 84 new languages to its database, bringing the total to 388. The new languages in NiuTrans are expected to cover more than 120 million native speakers.
On January 3, the first work day of 2023, CEO of Chinese tech firm LeEco Zhang Wei issued a letter to all employees, announcing that a 4.5-day working system would be implemented the following day, giving all employees a flexible half-day every Wednesday.
According to the announcement from the Ministry of Industry and Information Technology (MIIT) on Thursday, a total of 106 apps, including Douban, Changba, Alihuishou and Knews, have been put on a list of apps to be removed.
On September 9, AI firm Megvii Technology gained approval to carry out a public listing on the Shanghai Sci-Tech Innovation Board (STAR Market). The IPO path of the company has not been smooth.
DJI, a Chinese leader in civilian drones and camera technology, on April 13 released the all-in-one DJI Inspire 3, a streamlined, precise, full-frame 8K cinema drone to meet the needs of top-level movie productions.
Shanghai-based electric vehicle manufacturer NIO today issued a mass recall of its ES8 models through an announcement made on its official Weibo account.
Volvo joined hands with Chinese tech companies including Alibaba’s AutoNavi and information tech company iFlyTek to launch its first pure-electric SUV XC40 RECHARGE on Sept. 26.
BMW Brilliance, a joint venture between BMW and Brilliance Auto, signed a strategic cooperation agreement with China's Contemporary Amperex Technology Co. Limit...