Shares of NIO and Li Auto Soar, Xpeng Closes IPO ahead of Schedule
On Aug. 25, UBS boosted the rating of NIO from "sell" to "neutral" and bumped its price target from $1.00 to $16.30.
8/26/20203 min read
Category: Industry
Showing 12 of 6361 posts in this category
Meituan and Ele.me Launch Group Buying Food Delivery Services
The leading two companies in the domestic food delivery industry – Meituan and Ele.me – are now promoting "group buying food" services, while keeping a low profile.
4/20/20223 min read
How Mobile Gaming Conquered China
Chinese gamers have historically been staunch PC buffs, but it was rather a Hobson’s choice. From 2000 to 2015 buying an Xbox or a PlayStation was not an easy feat for local youths, since most consoles were simply banned from official sale.
Baidu Executive: The Death Rate of Traffic Accidents to be Reduced by 90% In Era of Autonomous Driving
Wei Dong, Vice President and Chief Safety Operation Officer of Baidu's Intelligent Driving Business Group, said in a recent speech that in the era of autonomous driving, the death rate in traffic accidents will be reduced by 90%.
10/13/20212 min read
Vision Deal Passes HKEx Hearing, Becoming the Exchange's Second SPAC
Vision Deal HK Acquisition Corp, a special purpose acquisition company (SPAC), has received approval following a listing hearing a few days ago. Citigroup and Haitong International Capital are serving as co-sponsors.
5/30/20222 min read
Tencent-backed Beike Raises $2.12B in US IPO
KE Holdings Inc., better known by its housing transactions platform Beike Zhaofang, sold $2.12 billion worth of shares on Thursday in a US IPO.
MiraclePlus Welcomes Investment from Sequoia, Former JD.com CEO After Y Combinator Exit
MiraclePlus RMB Fund I, L.P., recently completed a new round of funding, with Sequoia and former JD.com CEO Richard Liu among its investors.
6/17/20201 min read
MWC Shanghai 2019 Kicks Off, Showcasing Next-Generation 5G Interconnectivity
MWC Shanghai 2019 kicked off today with thousands of manufacturers gearing up to showcase their latest and most exciting technological breakthroughs.
Tencent Invests in Venture Capital Private Equity Company
On August 19, Dongguan Qingshuiwan Phase II Venture Capital Partnership (Limited Partnership) was formally established, the newest venture capital firm funded by Tencent.
8/23/20222 min read
China’s Long March-8 Rocket Successfully Makes its First Flight
China's new carrier rocket Long March 8 made its first flight on Tuesday at 12:37 p.m. (Beijing Time) from the Wenchang Spacecraft Launch Site in Hainan, sending five satellites into planned orbit.
12/22/20202 min read
Beijing Wants to See Steady Growth in Major Purchases Such as Automobiles and Home Appliances
China's State Council issued a policy package to help stabilize the economy and planned to see steady growth in major purchases such as automobiles and home appliances.
Didi Reportedly Suspends Preparations for Hong Kong IPO
The Cyberspace Administration of China on Friday informed executives of ride-hailing giant Didi Chuxing that its proposals to ensure security and prevent data leaks had fallen short of rectification requirements.
3/11/20222 min read