Here's this week's roundup of China tech stories.
On July 2, Taiwanese mobile manufacturer HTC announced its plan to lay off 1,500 people as part of a strategic restructuring in Taiwan.
Users of the new Vivo NEX smartphone reported to unauthorized camera movements when they try to visit certain web pages with the mobile QQ browser app. The camera undergoes a up-and-down movement, like it is taking a quick peek at what the user is up to.
Electric car startup NIO announced the official delivery of its second batch of ES8 on June 28, which was the first time the company has delivered vehicles to consumers in the market.
On the morning of June 28, sources from China Entrepreneur Magazine disclose that leading e-commerce platform Pinduoduo is rumored to be filing for an IPO at the U.S. Securities and Exchange Commission next week, with Goldman Sachs and China International Capital Corporation as the main underwriters.
Here is this week's roundup of China tech and innovation stories.
Uxin Limited, China's used auto e-commerce platform became publicly listed under the symbol “UXIN” on the Nasdaq Stock Market on June 27 at $9 per share. The underwriters are Morgan Stanley, Goldman Sachs, J.P. Morgan, China International Capital Corporation and China Renaissance Group.
VIPKid, the online children education brand has confirmed completion of its Series D+ round of financing with relevant details disclosed.
Here is this week's roundup of tech stories in China.
Momo was the top dating app on campus when I was in college a few years ago. Although it connected strangers, their limited interaction and short-term relationships earned it a reputation for being a “booty call app.” The more recent Tantan seems to offer a better user experience.
Here is this week’s roundup of technology & innovation stories in China.
The new retail coffee chain Luckin Coffee was rumored to have closed its Series A round at $200 to 300 million with a valuation exceeding $1 billion. The investors of this round has not been disclosed.
During CES Asia 2018, Baidu Apollo showcased its progress in self-driving, Internet of Vehicles (IoV) and automobile safety. Baidu's autonomous driving platform has initiated collaborations with renowned automobile companies such as BMW and Hyundai Motors, and has also formed a partnership with EV startup Byton for DuerOS.
Tiger Global Management has recently led Chinese long-term apartment leasing firm, Danke Apartment in a US$70 million series B+ funding round. This financing round comes three months after Danke managed to raise US$100 million in a B round led by CMC Capital and Gaorong Capital earlier this February.
On June 7, Walmart China and Tencent jointly an in-depth strategic partnership in future digital retail.