TMall and L’Oréal China Target Male-Grooming Industry
On Sept. 28, Alibaba Group's Tmall and L’Oréal China announced that they will expand their cooperation and find new ways to tap into the Chinese market, leverag...
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LinkSure Literature - A New Unicorn Despite “Capital Winter”
LinkSure Literature, the online reading platform under LinkSure Network, has finalized its Series A round of funding, with investors led by Hopu Fund. After the financing, the valuation of the company has reached $1 billion, making it a new unicorn amid this year's “capital winter”.
12/26/20182 min read
WM Motor Receives $152 Million in D2 Round Financing
WM Motor, a smart electric vehicle manufacturer, announced that it had received $152 million in its D2 round financing.
12/1/20213 min read
Xiaomi-owned AirStar Bank Launches Pilot Trial of Virtual Banking Service in Hong Kong
Granted a virtual banking license by Hong Kong Monetary Authority on May 9, 2019, AirStar Bank is expected to officially begin operating in July 2020.
3/31/20201 min read
Chinese Vending Machine Firm UBOX Applies for Hong Kong IPO
According to the official website of the Hong Kong Stock Exchange (HKEx), Beijing UBOX Online Technology Corp. (UBOX), a Chinese unmanned retail operator, formally submitted an application for a public listing on May 27.
5/30/20223 min read
Faraday Future to Relocate China Headquarters as Financial Troubles Persist
Faraday Future, a California-based smart electric mobility firm, on January 18 announced that it has reached a non-binding cooperative framework agreement with the city of Huanggang in China's Hubei Province, intended to promote its US-China dual-home market strategy.
1/18/20233 min read
Papaya Mobile Withdraws IPO Application from Shanghai Science & Technology Innovation Board
Beijing Papaya Mobile Technology Co. recently rescinded its IPO application from the Shanghai Stock Exchange’s recently established science and technology innovation board.
JD.com Announces Renewed Strategic Cooperation With Tencent
JD.com, a leading Chinese e-commerce firm, announced on Wednesday that it has renewed a strategic cooperation agreement with Tencent for a period of three years.
ATRenew Extends Quarterly Profit Streak as Diversification Push Gains Stream
Chinese electronics recycling and trading major ATRenew on Monday extended its quarterly profit for the seventh straight quarter. Its first-quarter revenue grew up 27.1 percent to 3.65 billion yuan, meeting the top end of its guidance.
5/22/20244 min read
Meitu Under Fire After Investing $40M in Crypto
Meitu announced that it had purchased $22.1 million worth of Etherium (ETH) and $17.9 million in Bitcoin (BTC) via open market transactions on March 5.
3/9/20212 min read
Tesla Begins Early Delivery of Model 3 in China
Looks like Tesla consumers will be getting an early treat this month, as the company announced on Feb. 20 during a celebratory event in Beijing that it will be delivering the Model 3 in China at least a week earlier than expected.
2/22/20192 min read
HeyTea Partners With Artificial Meat Startup Starfield To Launch Veggie Burger
HeyTea is partnering with the Shenzhen-based food technology company Starfield to offer more vegetarian food options to customers.