Fanno, an independent e-commerce platform launched by ByteDance at the end of 2021, is rumored to be shutting down. However, a company spokesperson said that Fanno can still be used as usual.
Vision Plus Capital announced on Friday that Wang Kai, former CTO of Li Auto, joined the firm as an investment partner. Wang's experience in the fields of new energy, autonomous driving and intelligent hardware, will help the company improve its portfolio.
Tesla China released the latest data regarding its charging infrastructure on Friday, showing that 20 superchargers and 79 supercharging piles were added in April 2022.
In response to Canada's ban on Huawei and ZTE 5G gear, spokesman Wang Wenbin said that China is firmly opposed to this and will take all necessary means to safeguard the legitimate rights and interests of Chinese companies.
Orienspace, a commercial aerospace technology company, announced on Friday that it has recently completed A-round financing totaling 400 million yuan ($59.9 million).
Chinese electric vehicle firm XPeng Motors was recently found to have broken hiring contracts with 20 fresh graduates. The company responded to the matter on Friday.
Wang Xiang, President of Xiaomi, said that the company would add more high-end technologies to smartphones and will strive to make quality mid-to-high-end products.
Hangzhou-based internet-of-things (IoT) firm Skiff Energy Tech announced on Friday that it has recently completed a pre-A financing round worth tens of millions of yuan.
Leading Chinese battery firm Contemporary Amperex Technology Co. Limited (CATL) announced on Thursday that it has obtained the world's first UNECE R100.03 approval for EV battery systems, granted by the German Ministry of Transport.