Mobike Announces Its Entry into Italy
On July 25, Mobike announced its arrival in Italy, the first Mobike bicycles to move into Florence and Milan. Italy is the 4th overseas country that Mobike has ...
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Agibot Completes New Funding Round, Valuation Exceeds 7 Billion Yuan
Agibot has completed a new round of financing, with its current valuation exceeding 7 billion yuan, receiving support from Chinese automotive giants including BAIC, SAIC, and BYD.
Venture Capital Firm Tiantu Capital Applies for Hong Kong IPO
According to the HKEx on Thursday, Tiantu Capital, a venture capital firm in China, has submitted an application for a listing in Hong Kong. J.P. Morgan Chase & Co. and Huatai International will be its co-sponsors.
7/1/20222 min read
Warren Buffett Sells BYD Shares for First Time, Cashing in Over HK$358M
On August 30, the HKEx (Hong Kong Stock Exchange) News website showed that Warren Buffett's Berkshire Hathaway Corporation had sold 1.33 million BYD shares on August 24 at an average price of HK$277.1 ($35.31) per share.
vivo Upgrades Its Self-Developed Blue Heart Model to an AI Multimodal Large Model
During the ongoing vivo Imaging New Blueprint and X Series New Product Launch Conference, vivo has unveiled an upgrade to its proprietary Blue Heart model.
5/14/20242 min read
Hong Kong Unveils Measures to Develop Virtual Assets Value Chain
The Hong Kong government issued a policy statement on the local development of virtual assets at the opening of the city's flagship tech conference Hong Kong FinTech Week on October 31, aiming to promote the city as an international crypto hub.
10/31/20223 min read
Shanghai Disneyland Reopens at 20% Capacity,Requiring Compulsory Facial Masks and Social Distancing
The Shanghai Disneyland Resort has reopened on May 11 after having been shut down for more than three months to prevent the spread of COVID-19. This is Disney’s first theme park to resume operations around the world.
Food Delivery Is About to Get Even Cheaper in Nine Cities as Didi Competes for Market Share
Didi Waimai, the taxi-hauling app Didi's new food delivery platform, shared 9 posters on their official Weibo account on April 13th, claiming that a nationwide ...
TRON CEO Justin Sun Blocked on Chinese Social Media Again
One day after TRON CEO Justin Sun’s account on Weibo was shut down on December 12, his newly opened account named Teacher Justin Sun was blocked again.
12/13/20193 min read
Why Did NIO, XPeng and Li Auto Together Lose Nearly $1.38B in H1?
As of September 7, three leading Chinese new energy vehicle (NEV) enterprises, including NIO, XPeng Motors and Li Auto, had successively released their financial reports for the first half of 2022. The combined losses of three firms amounted to nearly 9.6 billion yuan ($1.38 billion).
9/9/20224 min read
Hefei JAC-NIO Manufacturing Plant Completes Staged Production Line Transformation
Chinese auto manufacturer JAC announced Friday that it has completed the phased production line transformation of its manufacturing facility in Hefei.
10/15/20213 min read
Kingsoft Cloud Applies for Dual Primary Hong Kong Listing
Kingsoft Cloud formally submitted an application on July 27 for a dual primary listing to the Hong Kong Stock Exchange (HKEx). The company expects to be dual-listed on the Nasdaq and the HKEx upon the completion of the listing.
7/28/20223 min read