Meituan Dianping-Backed Chinese EV Maker Li Auto Targets $100M US Listing on July 31
Chinese electric vehicle maker Li Auto has filed for a U.S. initial public offering, aiming to list its shares on the Nasdaq Global Market on July 31.
Category: Industry
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Evergrande Considering Sale of Swedish EV Unit
Reuters reported on Oct 15 that NEVS, a Swedish electric vehicle (EV) unit under China Evergrande Group, is negotiating with U.S. and European venture capital companies and industrial partners to find a new owner.
10/19/20212 min read
Following Amazon and Huawei, Alibaba Releases Self-Developed 5nm ARM Server Chip "Yitian 710"
Internet giant Alibaba has unveiled its first server chip based on ARM architecture at the Apsara Conference on October 19, marking the attempt of another major company to challenge Intel's architecture.
Tencent Denies Reported Plan to Cut Stakes in Meituan, Beike and Didi
Reports have emerged recently claiming that Tencent Holdings is considering a reduction of its shares in Meituan, Beike, Didi and other companies, in order to provide funds for its stock repurchase and new business ventures.
Bilibili Conducts 7,500 Cases of Psychological Counseling Over Summer
According to Bilibili, China's Youtube, the site had conducted 7,500 cases of psychological counseling over the past summer.
9/13/20205 min read
Chinese Smartphone Brands Shift Focus to 5G Market
Three major Chinese telecom operators, China Telecom, China Mobile and China Unicom plan to build a total of 500,000 5G base stations, according to their published investment plans.
9/8/20202 min read
OnePlus Appoints New President of China Region
On Monday, Pete Lau, founder of OnePlus and Chief Product Officer of OPPO, announced via his Weibo account that Louis Li will become President of OnePlus China.
1/10/20222 min read
Jinan Police Investigate Disgraced Alibaba Manager Under Suspicion of 'Forcible Indecency,' Not Rape
A statement by Jinan police on August 14 revealed that after investigating an Alibaba Group employee's sexual assault allegation against her boss, they didn't find evidence of rape. At present, the case is undergoing further scrutiny.
8/16/20213 min read
A Comeback in Disguise: Smartisan Founder Yonghao Luo Collaborates with Zhuanzhuan App
Smartisan founder Yonghao Luo announced his cooperation with Chinese used-goods trading platform Zhuanzhuan on Oct. 14 12:00 p.m. Beijing local time, declaring to serve as the promotion ambassador of Zhuanzhuan App.
10/15/20203 min read
Tesla Signs Supplier Agreement with Chinese Battery-maker CATL
On February 3, Chinese battery manufacturer CATL announced that it has signed a two year supply agreement with Tesla effective between July 1, 2020 and June 30, 2022.
2/3/20201 min read
Jack Ma Steps Down With Emotional Speech
At Alibaba’s 20th anniversary celebration in Hangzhou, China, founder Jack Ma stepped down as chairman.
9/11/20193 min read
Alipay's Ant Forest Responds to Online Query Regarding Planted Trees: Haloxylon Species is Only Short Due to Aridity
Ant Forest, a green and low-carbon afforestation program launched by China's top e-payment app Alipay in 2016, has become popular all over the country.
9/14/20213 min read