Tesla Motors announces a new Technology Innovation Center in Beijing on July 12 as CEO Elon Musk concludes his three-day trip in China.
Apple Inc. announced its plan to invest $300 million along with 10 suppliers in a China Clean Energy Fund on July 12. A new “first-of-its-kind investment fund” in the country, the new energy fund aims to connect suppliers with renewable energy sources.
JD Finance announced on July 12 the details of their upcoming Series B fundraising round. The financial spin-off of the e-commerce platform JD.com Inc. will raise 13 billion yuan ($1.95 billion) at a post-money valuation of 133 billion yuan by the end of this quarter.
Luckin Coffee announced on July 11 the completion of their Series A funding round, giving the company a valuation of $1 billion and bringing it into the unicorn club.
Internet fitness company Keep Inc. raised the single largest fundraising round in the world’s Internet fitness industry, with Goldman Sachs leading the $127 million investment in their Series D round on July 10.
XPeng responded today to the case of a former Apple employee charged with stealing trade secrets in the U.S., claiming its close attention to intellectual property.
On June 18, JD.com concluded its annual shopping festival with a transaction volume of around US$24.5 billion. On the same day, the e-commerce platform also announced an investment from Google of $550 million. What does this new alliance mean? Listen to latest episode from TechBuzz China to find out!
The Russian edition of Forbes magazine wrote an article on March 8, 2018, about the emergence of tech start-ups and unicorn companies in China’s internet industry.
A penalty levied by the U.S. government in the form of a 25% tax on $34 billion worth of Chinese goods came into effect on 12:01 AM EST on July 6, 2018. The 25% ad valorem duty rate is in addition to any pre-existing duty already imposed on the list of goods.
A recent wave of rumors regarding the release of new Apple products, specifically the iPhone series due in fall, has been making its way through news outlets all around the world. According to reports by Chinese media, Apple is expected to release three new iPhone models this September.