NIO Automobile Submits U.S. Prospectus, Looking to IPO on the NYSE
NIO Automobile submitted its prospectus to the U.S. Securities and Exchange Commission (SEC) for an IPO on the New York Stock Exchange. It plans to raise up to US$1.8 billion, which will be the largest listing of a Chinese auto company in the United States.
Xiaomi to Launch the First POCO Phone This Month after Leaked Unboxing Video
Xiaomi is set to unveil its first smartphone under the POCO by Xiaomi sub-brand in New Delhi, India on August 22. Branded as “Master of Speed”, the new POCO F1 is said to share many features of the flagship Xiaomi Mi 8.
OPPO Announces the Release of R17 Series, Equipped with Snapdragon 670
On the afternoon of August 13, OPPO officially announced the release of its new R17 series smartphone and unveiled some of its features.
Chinese Co-working Space Giant Ucommune Raises RMB 300 Million at $1.8 Billion Valuation
Ucommune, previously UrWork, the only Chinese unicorn in the co-working space, announced on August 14 that the company received a new round of funding from RK Properties and Jingrong Holdings, raising 300 million yuan ($45 million) at a post-money valuation of $ 1.8 billion.
2018 OTEC Winners Awarded RMB 1 Million, with Nobel Prize Winners Attending the Innovation Summit
Overseas Talent Entrepreneurship Conference (OETC), China’s largest international startup business competition came to a close on August 10. A team from Beijing won the global championship while an American and a British team took home the second and third place respectively.
Paypal Eyeing Chinese E-commerce Business, Strives for Payment License in China
PayPal has been negotiating incessantly with Chinese regulators for the past four years to obtain a payment license to enter the large market, as The Paper reported on August 10.
Qualcomm Settles $774 Million Anti-Trust Disputes in Taiwan, Pledges to Invest More
U.S. mobile chipmaker Qualcomm announced on August 10 that it has settled an anti-trust case with Taiwan’s Fair Trade Commission(TFTC). Qualcomm paid out for a total of $93 million, which was reduced from $774 million. It further pledged to invest $700 million more in Taiwan within the next five years.
Detailed Plans of 5G Deployment in Beijing Winter Olympics Have Just Been Released
China Unicom, the country’s second-largest telecom carrier announced on August 10 that it will provide integrated ultra-fast fifth-generation (5G) solutions for the 2022 Winter Olympics in Beijing.
China’s Blockchain Ecosystem is Taking Shape According to MIIT
The blockchain ecosystem in China is taking shape, with great increases in the number of enterprises and diversified applications according to China’s Ministry of Industry and Information Technology (MIIT).
Newsletter: Trashless Lifestyle in a Trash-besieged City
Here’s this week’s roundup of China tech stories.