Chinese ride-hailing giant Didi Chuxing has completed the first fundraising round of over $500 million for developing its autonomous driving technologies.
Though influenced by the COVID-19 pandemic, NIO's losses are narrowing. What's more, NIO has reached agreements with investors for investment in China.
E-commerce platforms like JD.com made strategic moves to react to the gloom in the retail consumption market brought by the COVID-19 pandemic.
Faraday Future (FF) founder and CPUO Jia Yueting had finally completed personal bankruptcy restructuring on May 21, Los Angeles local time, at a hearing in the District Court for the Central District of California.
Chinese E-commerce Grocery Startup MissFresh has completed a new round of financing at a pre-investment valuation of more than $3 billion.
On the evening of May 21, Reuters reported that Baidu was considering delisting from NASDAQ to boost its valuation. Baidu responded to The Economic Observer later claiming this was a false rumor.
“Overseas Chinese tried hard to be part of the solution in the COVID-19 pandemic, but are constantly considered as the cause of the problem.”
WeChat and the China Academy of Information and Communications Technology jointly published the 2019-2020 WeChat Employment Impact Report on May 14.
Bytedance has launched an enterprise cloud service platform called Volcano Engine, which was orginally known as Byte Cloud in November 2019.
Canadian coffee brand Tim Hortons China has received an exclusive strategic investment of more than RMB 100 million from Chinese tech giant Tencent.
The Shenzhen Stock Exchange has terminated the listing of Le.com, a company founded by the debt-ridden Jia Yueting.
Meizu’s first 5G model, the Meizu 17 series features a minimalistic design and a horizontal rear quad-camera setup.
China's smartphone market shipped about 66 million units in the first quarter of 2020.
GSX.com issued a statement, claiming Citron's short report Part 3 is "full of false allegations."
Jia Yueting has made noticeable progress recently in his personal bankruptcy case as the creditor voting results have been officially announced.