On July 27, the Chinese subsidiary of the world's largest co-working space operator, Wework China, announced that it has completed Series B financing of $500 million. Lead investors include TrustBridge Partners, Temasek Holdings, SoftBank Group Corp. and its Vision Fund as well as Hony Capital.
Huami Corporation, a Xiaomi-backed public company specializing in smart wearable technology, announced on July 26 the purchase of core assets from Zepp International Limited, a leading wearable sports technology company.
China's social commerce group discount platform Pinduoduo had its debut on the Nasdaq at 7 p.m. July 26 (Beijing time), and ended its first trading day with a stock price of $26.70, valuing the company at $29.6 billion.
https://www.youtube.com/watch?v=WdeC4uuV2IM Electric vehicle (EV) startup XPeng Motors held a design salon on July 25 in Beijing, to “explore design transformation of AI vehicles”.
Qualcomm lost its chance to own NXP Semiconductors as China did not approve of the deal before the deadline on Thursday midday Beijing time.
Ordering a drink or meal at 2 a.m. could be possible in the future, as Meituan unveiled on July 25 more details of its driverless food delivery vehicles.
Xiaomi Corp. said it removed all advertisements for peer-to-peer (P2P) platforms across its channels after about 400 million yuan worth of deposits, or about $59 million, from Xiaomi users were involved in the recent P2P lending default wave in China.
China's information and industrial authority advocated for further cooperation between semiconductor manufacturers to prepare for the upcoming 5G era.
Mijia announced the launch of its Internet of Things (IoT) air-conditioner on its Weibo account on July 23. This is Xiaomi's official entrance into the field of large household appliances.
In the first half of 2018, China's fin-tech enterprises raised around 230 billion yuan ($35 billion), over 80 percent of the global total, and three giants took more than half of the amount fundraised in China.
Three CEOs of Chinese tech giants are among the top 10 of Fortune's new “40 under 40” list released by the magazine on July 20.
Fortune Magazine published on July 19 its annual global list of 500 corporations. This year, 120 Chinese companies made the cut, which makes China a close second to the U.S. with 126 companies.
Cheetah Mobile Inc. released on July 19 its brand-new AI interpretation device Cheetah Translator with long standby time.
The Chinese bike-sharing startup ofo confirmed with Quartz that the company is laying off employees in its North American marketing, communications, and engineering teams, along with its recent withdrawal from other markets.
Didi Chuxing (DiDi) announced a joint venture with SoftBank on July 19 to offer on-demand taxi-hailing services and smart transportation solutions for customers in Japan, the world’s third largest economy.