Sources Say Chinese Autonomous Driving Firm Pony.ai to Build Cars Based on SEA Haohan Architecture, Denied by Company Response
Pony.ai on June 24 refuted recent market rumors that the company will initiate its own car production.
6/25/20213 min read
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Battery Giant Patent War: CATL Plans Administrative Litigation, CALB Crisis Unresolved?
CALB announced on August 3rd that, in response to the intellectual property infringement lawsuit filed by CATL against CALB regarding positive electrode slices, batteries, and lithium-ion battery invention patents, both of the patents involved in the lawsuit have been declared completely invalid by the National Intellectual Property Office.
Baidu Vows to Improve Search Services After Complaints Went Viral
Baidu Inc. came under intense fire by Chinese netizens for the past two days due to complaints of low quality services and manipulation of search results to give more exposure to its own Baijiahao services.
1/24/20192 min read
SHEIN Covertly Files for US IPO, Valuation Could Surpass $80 Billion
Chinese fast-fashion e-commerce platform, Shein, has reportedly submitted an application to the U.S. Securities and Exchange Commission in secret, to prepare for a U.S. listing. It will be one of the largest IPOs in the U.S. securities market in recent years.
11/28/20233 min read
PhiGent Robotics Bags Round-A+ Financing as AMD's Former Global VP Joins Startup
Autonomous driving startup PhiGent Robotics announced on December 1 its completion of round-A+ financing worth tens of millions of dollars. AMD's former global vice president, Shan Yi, has officially joined as a co-founder and the CEO of the startup.
12/1/20223 min read
Kunlun Tech SkyReels AI Short Film Platform Will Be Launched in the United States
Kunlun Tech's AI short film platform SkyReels will be launched in the United States on December 10th.
11/11/20242 min read
Photos of Realme GT2 Master Edition Smartphone Unveiled
A new realme 5G smartphone model with code name "RMX3551" has recently passed a network access audit by China's Ministry of Industry and Information Technology (MIIT) and is expected to be released soon.
6/14/20222 min read
Xiaomi Auto Reportedly to Obtain Vehicle Production Qualification Mid Next Year
Xiaomi Auto's factory is expected to obtain an automobile production qualification from June to July 2023, a big move for the company's mass-production plans.
DiDi Apologizes for Safety Lapses and Vows Stronger Safety Systems
Following the recent rape and murder case, the founder and CEO of DiDi, Cheng Wei, and president, Jean Liu, issued a formal apology on August 28, detailing the ...
8/29/20182 min read
China VC Weekly: Food delivery, Supplements, Biopharma and more
This week’s VC landscape has been dominated by smaller players with the biggest round raised barely reaching $122 million.
12/7/20205 min read
Skyworth Digital's H1 2021 Revenue Increased by 23% Year-on-Year, Plans to Split Into Two Listed Firms
Shenzhen-based high-tech enterprise Skyworth Digital Co., Ltd. released its semi-annual report for 2021 on Tuesday. The company achieved operating income of 4.575 billion yuan ($707 million), a year-on-year increase of 23.37%.
8/25/20212 min read
Ofo Rode Out of Madrid, Available in Only Three European Cities in the Future
The bike-sharing company ofo announced it pulled its business out from the Madrid region in Spain, according to Chinese media. This comes after their recent wit...