WM Motor and Kaixin Auto Sign a Letter of Intent for Merger and Acquisition
On September 11th, Kaixin Auto announced that it has signed a non-binding letter of intent for acquisition with WM Motor.
9/12/20233 min read
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"Chinese Vision Pro" Revealed: Two Models With and Without Camera, Target Yearly Sales of 500,000 Units
In February of this year, Emdoor Virtual's CEO, Shi Qing, did not shy away from talking about labels such as "low-end," and "counterfeit," and believed that low-priced products are not shameful. The company plans to ship 500,000 units this year.
8/15/20242 min read
Mobile Robot Company ForwardX Robotics Secures Nearly $31.4 Million in C Round Financing
ForwardX Robotics, a leading mobile robot company, announced its completion of round C financing totaling nearly 200 million yuan ($31.4 million).
12/14/20213 min read
Keep Raises $127 Million: Largest Funding Round in the Internet Fitness Industry
Internet fitness company Keep Inc. raised the single largest fundraising round in the world's Internet fitness industry, with Goldman Sachs leading the $127 mil...
7/11/20182 min read
BYD Launches 2022 Flagship Han EV Series
Shenzhen-based automaker BYD unveiled four new models within its 2022 Han EV Series on Sunday – namely, the Han Genesis Version, the limited edition Han Jade Green, the Han DM-i and the Han DM-p.
4/11/20224 min read
Coronavirus-Related Keyword Searches on Baidu Down 91% From January
China's internet giant Baidu published a report said the search trends for epidemic-related issues has been reduced by 91% compared to late January.
Malaysian Prime Minister Kicked off China Tour with a Visit to Alibaba
Malaysian Prime Minister Mahathir Mohamad started his closely watched China tour on August 17th and visited Alibaba the next day on his first official trip to C...
CATL: Smooth Progress in Joint Factory Construction Plan with Ford in the US
CATL responds that the progress of the joint factory construction plan with Ford in the United States is smooth.
Douyin E-Commerce Ventures out of Douyin, Launching the Douyin Shopping Mall App
Douyin e-commerce recently launched an app called "Douyin Shopping Mall". This is the first comprehensive independent e-commerce platform launched by Douyin e-commerce outside of the Douyin app.
Tencent Music’s Net Profits Attributable to Equity Holders Dropped 12% in Q2
Tencent Music Entertainment Group on Monday announced its 2021 Q2 financial report, showing net profits attributable to equity holders of the company reaching 1.12 billion yuan ($173 million), a decrease of 12% year-on-year.
8/17/20213 min read
Xiaomi's Laptop Department Reportedly Merged Into Smartphone Department
A Chinese tech industry blogger exposed an internal document released by Xiaomi on May 20, showing that its laptop department has been merged into its smartphone department.
5/23/20222 min read
CAAM: China's Penetration Rate of New Energy Passenger Cars Exceeded 20% in December 2021
The CAAM released a report pointing out that the production and sales volume of new energy vehicles in China were 3.545 million and 3.521 million respectively.