Pop Mart Suspends Food-Related Mystery Toy Boxes Business
Designer toymaker Pop Mart announced that it would suspend a customized mystery toy boxes initiative in future cooperations with the food industry to eliminate possible food waste.
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Baidu-Backed Streaming Platform iQIYI Records Full-Year Profit
According to the financial report released by Baidu's Netflix-style offshoot iQIYI on February 22, the company recorded a 2022 Non-GAAP net income of 1.3 billion yuan ($186.2 million), compared to its non-GAAP net loss of 4.5 billion yuan ($653 million) in 2021.
Changan Automobile's Deep Blue SL03 to Start Sales in July
Deep Blue, a new energy vehicle brand of Changan Automobile, is soon coming out with a new car called the SL03, which will start sales in July and delivery in August.
7/14/20222 min read
The New BYD Song Pro DM-i Is Declared: Upgrades to the Fifth Generation DM System
The front face design of BYD Song Pro DM-i has undergone significant changes, and it is expected to debut and be launched on the market within this year.
Bilibili Launches "Barrier-Free" Functions
On Monday, Chinese streaming media giant Bilibili launched several functions to help users who may need help with using the platform.
1/10/20222 min read
BYD Denies Warren Buffett's Share Reduction
225 million shares of Warren Buffett-backed Chinese EV firm BYD were transferred to Citibank on July 11. Market insiders speculated from the transfer scale that these shares come from Buffett's Berkshire Hathaway, an American multinational conglomerate.
7/12/20222 min read
Costco’s First Chinese Store Flooded on Opening Day
American retail giant Costco is deepening its foothold in the Chinese market with the opening of its first store in Minhang, Shanghai.
China To Continue World Cup Qualifier Journey in October Amid Uncertainties
While Word Cup qualifications games will resume in October, it is uncertain that whether Team China can qualify 18 years later, especially under the pressure caused by COVID-19.
DiDi to Cease Operations in Russia and Kazakhstan Starting March 4
DiDi taxi aggregator will cease operations in Russia and Kazakhstan from March 4 of this year, PR Director of the company in Russia and CIS, Irina Guschina said.
2/22/20222 min read
From Smartphones to AR Headsets, Xiaomi Invests in French Startups Betting on Sensor Revolution
Xiaomi invests in Prophesee's sensor revolution. Prophesee's EVS mimics the human eye, backed by Sony. Collaborates with Qualcomm for smartphone camera enhancement. XR market interest, raised 50M euros in Series C with Chinese investors. China's potential for smartphones, XR, IoT, robotics, EVs.
7/28/20237 min read
Texas Instruments Lays Off Its MCU Team in China
Texas Instruments has disbanded its MCU team in China, and relocated the entire MCU product line to India.
11/20/20232 min read
Huynew Technology Obtains Tens of Millions of Yuan in A+ Financing Round
Huynew Technology, an AR/VR optical module supplier, has announced its completion of an A+ round of financing totaling tens of millions of yuan. The investors in this round include Granary Capital and Zelos Megatrends.
3/30/20222 min read