NIU Technologies Group, a Chinese electric scooter startup, has submitted its prospectus to the U.S. Securities and Exchange Commission (SEC) for an IPO on NASDAQ, intending to raise up to $150 million. The number of shares and their price range remain unknown.
According to Beijing Innovation Center for Mobility Intelligent, the Beijing Municipal Government issued license plates to seven companies on September 22 for street testings of autonomous vehicles.
Microsoft, Amazon, Alibaba, and several other international tech giants announced to establish AI-related innovation centers and research institutes in Shanghai at the on-going World Artificial Intelligence Conference 2018.
After several rounds of warming up, new editions of Mi 8 are finally unveiled at Xiaomi’s new product launch event in Chengdu on Sept. 19.
On Sept. 17, Ant Financial announced the company’s technological capabilities, growth strategy, and planned partnerships with financial institutions in hopes of creating long-lasting customer values, enhancing user experience, and establishing a strong growth momentum.
Taobao, China’s leading e-commerce platform, developed by Alibaba Group kicked off its third Taobao Maker Festival in Hangzhou, China on Sept. 13.
For William Li, Founder and CEO of the recently public EV startup NIO, the past few days must have been unforgettable. Priced near the bottom of its target range, NIO officially began trading on the New York Stock Exchange (NYSE) on Sept. 12.
On Sept. 13, Lei Jun, Founder and CEO of the popular Chinese electronics company Xiaomi, announced a big systematic adjustment to the organizational structure and personnel appointment through an internal email.
MissFresh, a fresh produce e-commerce platform, announced the completion of their Series D fundraising on September 6. The $450 million round is lead by Goldman Sachs Investment Partners (GSIP) and Tencent Holdings Ltd., followed by Tiger Global Management and four new investors.
Tencent Holding Ltd. and BMW Group inked a strategic Memorandum of Understanding (MoU) on Sept. 5 to deepen cooperation in the field of smart mobility. The aim is to promote the development of network intelligence in the automotive industry.
On Sept. 5, at 1 p.m. local time, China’s commercial rocket startup iSpace launched a sub-orbital rocket into space from the Jiuquan Satellite Launch Center in Xi’an, Shaanxi Province. The successful launch signals the dawn of an era where additional private space companies are authorized to conduct launches.
Chinese electric-vehicle maker, NIO, has updated its initial public offering (IPO) prospectus and set terms to raise a total of $1.32 billion.
Faraday Future (FF) announced the completion of the first pre-production of FF 91, the company’s first production vehicle and flagship model.
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 intention to upgrade and build a more secure safety mechanism for the ride-hailing app.
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 China.
