News Archives - Page 6 of 30

Temu Reaches 50 Countries and Plans for Increased R&D Investment

Pinduoduo's cross-border e-commerce platform, Temu, has expanded to 50 countries since 2022, revealed Chairman Chen Lei.

Tim Cook Visits Shanghai Upon Opening of New Flagship Store

In an interview with the media, Cook stated, "I don't think there's a more important place than China for Apple's supply chain."

OnePlus Launches AI-Powered Ace 3V

The OnePlus Ace 3V positions itself as the "first AI phone for young people," offering features such as AI elimination, English teacher, writing assistant, etc..

Former Alibaba CEO Daniel Zhang Joins Firstred Capital

The former Chairman and CEO of Alibaba Group, is set to join Firstred Capital as a managing partner.

Alibaba Plans to Reduce Its Stake in XPeng Motors, Worth about $3.14 Billion

Alibaba reduced its holdings of XPeng Motors' ADS worth approximately $314 million after terminating the director appointment agreement with the company.

Xpeng to Launch G6 Model Globally, Accelerating Entry into Western Europe and Commonwealth Countries

On March 19, He Xiaopeng announced during Xpeng' earnings call that the company will significantly accelerate the expansion of its overseas business in 2024.

Tesla Model Y Set for 5,000 Yuan Price Increase in China

Starting April 1, the price of the Model Y will increase by 5,000 yuan in China. Industry experts believe the price increase is a strategic move by Tesla to boost sales.

Ant Group Announces Organizational Restructuring; Cyril Han Appointed as President

Cyril Han will become the President of Ant Group, fully responsible for digital payment, digital interconnection, and digital finance businesses, reporting to Chairman and CEO Jing Xiandong.

Nvidia Expands Partnerships with Chinese Automakers

On Monday, Nvidia announced plans to expand collaborations with Chinese automakers, including BYD, aiming to develop EV and AI-enhanced infotainment technologies.

DJI Automotive Releases High-Performance ‘Chengxing Platform’ Configuration: Independent of High-Precision Maps and Lidar

DJI Automotive unveiled upgraded "Chengxing Platform" configurations at the "China Electric Vehicle 100 People Forum (2024)", enabling L2+ intelligent driving without high-precision maps or lidar.

Tim Cook Potentially Attending Grand Opening of Apple’s New Flagship Store in Shanghai

The Shanghai Jing'an Store, second only to New York's flagship Apple store in status and covering 3,835 square meters with an investment of over 83.4 million yuan, may see CEO Tim Cook attending its high-profile opening.

ATRenew Posts Record Profit as Quality Control Automation Push Drives Efficiency

ATRenew, the operator of China’s top consumer electronics transactions and services platform, on Tuesday delivered a three-month profit record, in which it posted $11.5 million in adjusted operating profit for the fourth quarter, a new quarterly record.

ByteDance Restructures Gaming Business, Emphasizes Stability

ByteDance announced on Thursday that after strategic positioning adjustments, its gaming business will return to the incubation stage.

Tencent Acquires Two ByteDance Game Studios

Insider sources report that Tencent has taken over certain gaming operations previously cut by ByteDance.

NIO Aims for 15-Year Battery Lifespan and 85% Health in Collaboration with CATL

At today's NIO Long-Life Battery Strategy Communication Meeting, NIO proposed a long-life battery solution, aiming to achieve a 15-year lifespan for the power battery, while ensuring that the battery's health at the end of its life is not less than 85%.