Kelsey Cheng, Author at Pandaily

Chinese Autonomous Driving Startup WeRide Allowed to Test Driverless Cars in California

Chinese autonomous driving company WeRide has obtained a permit to test two passenger vehicles on designated public roads in California without human drivers behind the wheel, marking another breakthrough for the startup.

Redmi’s First Gaming Smartphone to Launch This Month, May Feature Dimensity 1200 Chipset

Xiaomi sub-brand Redmi has confirmed that its first gaming phone will be released by the end of this month.

Chinese Discount Retailer Vipshop in Hot Water After Being Accused of Selling Fake Gucci Belts

Chinese online discount retailer Vipshop has refuted claims that it is selling counterfeit items on its platform, citing an authentication report from a government-backed enterprise as proof.

Xpeng to Build Factory in Wuhan With Annual Capacity of 100,000 Units

Chinese electric vehicle maker Xpeng is building a factory in the city of Wuhan that will have the capacity to produce 100,000 EVs a year, the company announced on Thursday.

Xiaomi’s First Car to Be Priced Between $15,000 to $46,000: CEO Lei Jun

Xiaomi’s first vehicle will be either an SUV or a sedan, co-founder and CEO Lei Jun told excited fans during a live-stream session on Tuesday evening.

Chinese Online Grocer Dingdong Maicai Raises $700 Million in Latest Funding Round

Chinese grocery platform Dingdong Maicai has raised $700 million in a series D round of financing co-led by investment firms DST Global and Coatue Management as the startup continues its expansion in the crowded fresh food delivery market.

Chinese VC firm Source Code Capital Raises $1 Billion

Chinese venture capital (VC) firm Source Code Capital, which has backed some of the country’s biggest tech firms and unicorns, announced on Tuesday it has raised a total of $1 billion in fresh funds.

XPeng Sets New Benchmark in China’s Longest Autonomous Driving Challenge

Chinese electric vehicle startup XPeng Motors’ strong technological edge is boosting the company’s position in the highly competitive electric vehicle (EV) sector, amid accelerated efforts in shaping the future of mobility.

Nio, Xpeng Score Record Deliveries in Q1

Chinese electric vehicle makers Nio and Xpeng both reported record deliveries during the first quarter of 2021, despite seasonal industry-wide slowdown in car sales and ongoing complications due to a global chip shortage.

Self-driving Truck Technology Firm Plus Raises $220 Million in New Funding

Chinese truck autonomous driving company Plus, formerly Plus.ai, has raised $220 million in a new round of financing led by FountainVest Partners and ClearVue Partners, the company announced on Wednesday.

Xiaomi Launches Its First Foldable Phone Mi MIX FOLD with Liquid Lens

Chinese smartphone maker Xiaomi on Tuesday launched the brand’s first foldable smartphone, the Mi MIX FOLD, packed with top-notch innovative features.

Xiaomi Confirms It Will Spend $10 Billion On Building its Own Electric Cars

Chinese smartphone maker Xiaomi has officially announced that it will start manufacturing electric cars, as the company seeks to diversify beyond smartphones and consumer electronics.

Tencent to Equip Audi Cars with In-Car WeChat, QQ Music in New Partnership

German automaker Audi has teamed up with Chinese tech giant Tencent to work on an intelligent and interconnected digital ecosystem for future vehicles, including digital cockpits, digital marketing and other user operations.

Xiaomi Unveils Rest of Mi 11 Series Lineup Including Mi 11 Ultra with Second Display Next To Rear Cameras

Chinese smartphone maker Xiaomi on Wednesday unveiled the rest of its Mi 11 flagship family, as well as a next-generation fitness band and a gaming Wi-Fi router.

Meituan Expects More Red Ink in 2021 Following Expansion of Community Group Buying Business

Chinese food delivery platform Meituan reported better-than-expected fourth quarter and full year revenues but warned that continued investment in its community group buying business would likely lead to losses in future quarters.

Xiaomi to Start Making Electric Vehicles at Great Wall Motor Plant: Report

Chinese smartphone maker Xiaomi is planning to use one of Great Wall Motor’s plants to make their own electric vehicles (EVs), according to a Reuters report citing people familiar with the matter.

Chinese Social E-commerce App Xiaohongshu Hires New CFO From Citigroup

Chinese social e-commerce platform Xiaohongshu, or Red, has hired a new chief financial officer as it weighs a public listing in the US as early as this year, according to reports.

Kuaishou Reports Jump in Revenue, E-Commerce Growth in First Results Report Since Mega IPO

Chinese video sharing platform Kuaishou Technology recorded a 50% jump in revenue in 2020 as well as a growth in active users in its first report card following the company’s mega initial public offering (IPO) in Hong Kong.

Bilibili Set to Raise $2.6B in Secondary Hong Kong Listing at HK$808 Per Share

Chinese video streaming platform Bilibili is set to raise HK$20.2 billion ($2.6 billion) from a secondary listing in Hong Kong, the company confirmed.

At the Right Place, At the Right Time: How Baidu is Cementing its Position as a Leading AI Company

For two decades, Baidu Inc has been referred to as China’s Google. Now, investors, analysts, businesses and consumers alike are gradually realizing that it is much more than a search engine.

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