China Launches Five Satellites Aboard CERES-1 Y2 Commercial Rocket
China launched its CERES-1 Y2 carrier rocket designed for commercial use from the Jiuquan Satellite Launch Center in northwest China Tuesday.
12/8/20212 min read
Category: Industry
Showing 12 of 6372 posts in this category
China Strengthens Data Supervision of Car-hailing Platforms
China's Ministry of Transport issued a document on July 22 requiring the transportation authorities of all cities to collect license information of car-hailing companies and their vehicles and drivers for real-time sharing.
7/22/20222 min read
Alibaba Reveals Investment Details in Moonshot AI: $800 Million to Acquire 36% Stake
As of the fiscal year ending March 31, 2024, Alibaba invested a total of approximately $800 million to acquire about 36% equity stake in Moonshot AI as a preferred stock investment.
EV Maker NIO Signs Strategic Cooperation Agreement with Chinese Retail Giant Suning
Leading domestic electric vehicle manufacturing NIO and retail giant Suning signed a strategic cooperation agreement on Aug. 5.
8/7/20202 min read
Xiaomi Opened Its First Store In Chile
The first Xiaomi physical store in Chile has opened in Santiago on April 27. The 250-square-meter place offers smartphones, wearable devices, smart home suppli...
4/28/20191 min read
Sunwoda to Spin Off Car Battery Business
Shenzhen-based battery firm Sunwoda reportedly launched a spin-off for its automotive power battery business at the end of 2021. Its subsidiary Sunwoda Electric Vehicle Battery Co., Ltd. (EVB) will be listed as an independent company.
6/21/20222 min read
DJI Releases First Independent Wireless Video Solution and Two Stabilizers
DJI, a Shenzhen-based civilian drone manufacturer, on Wednesday unveiled three new tools that it claims will enable filmmakers and the content creation community to easily bring their visions to life.
6/16/20223 min read
OFilm Reports H1 Net Loss of $125.8M after Losing Important Customers
OFilm, a high-technology manufacturing and assembly company in China, on August 29 released its financial report for the first half of this year. Its net loss during the period was 870 million yuan ($125.8 million).
8/29/20222 min read
iPhone 11 Greatly Exceeds Pre-Sale Expectations in China
While Apple’s new iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max will not be available in stores until September 20, online pre-sales for the new handset have exceeded expectations by a landslide.
Baidu Reports $4.57B Q3 Revenue and Abundant Free Cash Flow
Chinese tech and Internet giant Baidu announced on November 22 its unaudited financial results for the third quarter ended September 30, 2022, beating market consensus, with Baidu Core's non-GAAP operating profit increasing by 14% year over year.
Zhao Changlong Replaces Xu Jiayin as Chairman of China Evergrande's Key Unit
Zhao Changlong will replace Xu Jiayin as chairman, and will also be general manager of Hengda Real Estate Group, a key unit under China Evergrande Group.
8/17/20212 min read
Alipay Sets up Independent Search Department Headed by Taobao Veteran Yuan Huaibin
Alipay has recently carried out a round of internal organization restructure where the search business is now an independent business division headed by Yuan Huaibin.