Industry

Former CTO of Li Auto Joins Vision Plus Capital

Vision Plus Capital announced on Friday that Wang Kai, former CTO of Li Auto, joined the firm as an investment partner. Wang's experience in the fields of new energy, autonomous driving and intelligent hardware, will help the company improve its portfolio.

Xpeng Motors Responds to Termination of Fresh Graduate Job Offers

Chinese electric vehicle firm XPeng Motors was recently found to have broken hiring contracts with 20 fresh graduates. The company responded to the matter on Friday.

Xiaomi President Wang Xiang: Average Smartphone Price to Rise

Wang Xiang, President of Xiaomi, said that the company would add more high-end technologies to smartphones and will strive to make quality mid-to-high-end products.

CATL Obtains World’s First UNECE Access Certification for EV Batteries

Leading Chinese battery firm Contemporary Amperex Technology Co. Limited (CATL) announced on Thursday that it has obtained the world's first UNECE R100.03 approval for EV battery systems, granted by the German Ministry of Transport.

Flexible Display Manufacturer Royole Initiates Layoffs

Flexible display maker Royole Corporation started a round of layoffs on Wednesday. This is the first round of large-scale layoffs at the company since it fell into a capital shortage crisis.

Kuaishou Revamps Push Into Targeted Overseas Markets

Kuaishou has recently revamped its overseas business strategy, setting up targeted ventures in various regions including Southeast Asia and Latin America.

Associate Dean of Alibaba’s DAMO Academy Leaves Job

Jin Rong, Alibaba's vice president and Associate Dean at DAMO Academy, recently left the job. According to official website of DAMO Academy, Jin Rong was a tenured professor at Michigan State University and joined Alibaba in 2014.

Power Battery Project Sponsored by Farasis Energy and Geely Technology Group Begins Construction

On Thursday, a second project jointly built by Farasis Energy, a power and energy storage battery manufacturer, and Geely Technology Group, began its construction in the Fuling District of Chongqing.

DJI FPV UAV Avata Revealed

After the release of the DJI Mini 3 Pro on May 11th, another DJI UAV was leaked to the public. The new UAV, codenamed "Avata", would be launched later this summer.

Ant Group Spends $8.9 Million to Establish Info Tech Company

On Wednesday, Tianyancha revealed that a wholly-owned subsidiary by Ant Group was formerly established. The new subsidiary has been named Ant Suosuoshu (Hangzhou) Information Technology Co., Ltd.

Xiaomi Reports 52.9% YoY Decrease of Adjusted Net Profit in Q1

Beijing-based tech giant Xiaomi released on Thursday its unaudited consolidated results for the three months ended March 31, 2022.

iQIYI Sports Lands Streaming Rights for Italian Serie A

iQIYI Sports, a video streaming platform owned by Beijing-based tech giant Baidu, announced on Thursday that it has won the rights to broadcast Italian Serie A football competitions.

Tencent Sues Vivo for Unfair Network Competition

According to an announcement made by the Jinan Intermediate People's Court on Wednesday, the case of Chinese tech giant Tencent suing smartphone maker vivo for unfair network competition will be held on May 20.

Canalys Releases Ranking of Q1 Global TWS Vendors

According to a report released by Canalys on Wednesday, a technology market analysis institution, TWS earbuds shipments steadily increased in the first quarter of 2022, reaching 68 million units.

ByteDance Changes Plan to Launch VC Brand

ByteDance's plan to launch a VC brand “Jinqiu Venture Capital” has been reportedly changed, and the brand name was no longer called “Jinqiu”.

Everything about China's Innovation