ByteDance Raises Up to $600 Million in Funding For Its Subsidiary Dongchedi
ByteDance is raising up to $600 million in funds for its automotive information and transaction platform 'Dongchedi'.
9/9/20241 min read
Category: Industry
Showing 12 of 6361 posts in this category
Chinese Autonomous Driving Company Holomatic Completes B1 Round of Financing
Holomatic, an autonomous driving technology company, announced today that it has completed the B1 round of financing with investors including Tongfang Investment, Yulin Investment and NavInfo of Baiyue Group.
6/29/20213 min read
Chinese Co-working Space Giant Ucommune Raises RMB 300 Million at $1.8 Billion Valuation
Ucommune, previously UrWork, the only Chinese unicorn in the co-working space, announced on August 14 that the company received a new round of funding from RK P...
ByteDance Founder Establishes Personal Investment Fund in Hong Kong
Two years after stepping down as CEO of ByteDance, founder Zhang Yiming has launched a personal investment fund in Hong Kong. The fund, named Cool River Venture, is registered as a private limited company and is wholly owned by Galaxy LLC. Zhang Yiming serves as the director of the fund.
5/24/20231 min read
Faraday Future Teases New EV Flagship V9
“Thanks for your attention to our brand new flagship V9. The basic design principle would be a mobile smart product that combines design, artificial intelligence and seamless interconnectivity between vehicles and people.”
4/4/20192 min read
Luckin Again Announces New Personnel Adjustments, Appoints New Director of the Board
Two newly-appointed directors resigned on Monday while Luckin will consider the re-appointment of Sean Shao as a director of the company.
8/4/20203 min read
CATL to Invest $2B in New Energy Battery Project
Chinese battery giant CATL announced on July 21 that it plans to invest in the construction of a new energy battery base in Shandong Province's Jining, with a maximum total investment of 14 billion yuan ($2.07 billion).
CATL Launches EVOGO Battery Swap Service in Hefei
The EVOGO battery swap service of Chinese industry giant CATL was officially launched on Saturday in Hefei, Anhui Province.
6/20/20222 min read
Baidu Has Spent Over $15 Billion on Research in the Past Decade, CEO Declares in Letter to Shareholders
Chinese search engine and AI giant Baidu has spent over $15 billion on research and development (R&D) in the past decade, the company’s CEO Robin Li revealed in a letter to shareholders.
3/24/20213 min read
IDC Recognizes 4Paradigm as Market Share Leader in Machine Learning Platforms
International market analysis firm IDC has recently released a report on the market share of artificial intelligence in the first half of 2021.
1/10/20222 min read
Online Car-hailing Orders in China Decreases by 11.6% in April amid Covid Outbreak
The Ministry of Transport announced on Wednesday that China's online car-hailing supervision information exchange platform received a total of 476.02 million orders in April, down 11.6% from the previous month.
5/12/20222 min read
Mobike: Nearly 190,000 Reports on Destruction of Bikes in 2019
Dock-less cycle-sharing group Mobike, owned by Meituan Dianping, announced that nearly 190,000 users had reported destruction and misuse of bikes through the app in 2019.
12/27/20192 min read