California Governor Gavin Newsom Test Drives BYD During Visit to China
California Governor Gavin Newsom visited Shenzhen on Tuesday, and test drove a BYD electric car.
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ByteDance Acquires Stake in Xinyuan Semiconductors
ByteDance, the parent company of TikTok, has strategically invested in Xinyuan Semiconductors, a China-based memory chip manufacturer, according to recent corporate records.
3/13/20242 min read
MKSemi Completes Pre A+ Round of Financing, Led By Lightspeed China Partners and Gaorong Capital
Mauna Kea Semiconductors (MKSemi), a low-power ultra-wideband (UWB) company, recently announced the completion of a Pre A+ round of financing, raising over 80 million yuan (about $12.6 million).
1/12/20222 min read
US Chip Designer Marvell to Begin Layoffs in China
Marvell, a US-based chip designer, has reportedly decided to dissolve all of its Chinese research and development (R&D) teams. Marvell had already undergone significant layoffs in China in October of last year.
Huawei Denies Joint Venture with Automobile Firm Volkswagen
Today, 36Kr reported that Huawei plans to form a joint venture with Volkswagen Group to develop its autonomous driving technology. However, this rumor has been denied by Huawei.
10/20/20212 min read
China VC Weekly: Blockchain, Trucking, E-commerce
In last week’s VC news, blockchain startup Rangers Protocol brought its valuation to $63 million, investment firm Yinke PE closed a new RMB-denominated fund, UAE fund poured funds into a Chinese trucking startup and cross-border fashion e-commerce platform Doublefs raised as much as $100 million.
6/23/20214 min read
China made a 35 billion-dollar deal with Airbus
This Tuesday(March 26), China Aviation Supplies Holding Company announced its 35 billion-dollar deal with Airbus. Signed during President Xi Jinping's visit to France, the order covers 290 planes from the A320 family and 10 from the A350 line.
3/27/20193 min read
MIIT to Cancel Ideal ONE Tax-free Purchase, Li Auto: 2020 Models Remain Unsold
On October 19, the official website of the Ministry of Industry and Information Technology released a catalogue of new energy vehicle models that are to be exempted from its vehicle tax-free purchase list.
10/19/20212 min read
Headhunting Master Liepin Goes Public in HK
Wise Talent Information Technology, the parent company of Chinese executive headhunting platform Liepin.com, joins the Hong Kong Stock Exchange today to become ...
7/1/20183 min read
Pony.ai Sues Qingtian Truck for Trade Secrets Infringement
Pony.ai, an autonomous driving company, has issued an internal letter stating that Qingtian Truck is suspected of infringing trade secrets. Pony.ai is therefore suing Qingtian Truck, and its principal leaders are going to court.
8/2/20222 min read
Share Holdings of Founding and Managing Partner of Sequoia Capital China in Meituan Fall to 5.29%
According to the latest equity information from HKEx, on October 25, Neil Shen, the founding and managing partner of Sequoia Capital China, reduced his holdings in Meituan by 2,674,600 shares.
10/28/20212 min read
Tencent Game Console Design Patent Authorized
According to Tianyancha App, Chinese tech giant Tencent secured a patent for a “PC Console” on Tuesday. The patent abstract shows that the product is to be used for games and entertainment.