Baidu's Ernie Bot to be Free Starting from April 1
With the continuous iteration and cost optimization of the large model, Baidu's chatbot Ernie Bot will be completely free starting from midnight on April 1st.
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CATL Launches First EVOGO Battery Swap Services in Xiamen
Chinese battery maker Contemporary Amperex Technology Co., Limited (CATL) officially launched its EVOGO battery swap services in Xiamen, in southeast China's Fujian Province, making it the world's first EVOGO city.
4/18/20222 min read
Adjustments in Tesla Model 3 Delivery Times Indicate Changing Demand in China
According to Tesla's official website, Chinese customers can now expect a delivery time of 4-6 weeks for all versions of the Model 3.
Geely Chairman Li Shufu's Shareholding in Smartphone Company Falls to 6.77%
According to Tianyancha App, Li Shufu, founder and Chairman of Geely Group, substantially reduced his shareholding ratio in Hubei Xingji Times Technology Co., Ltd., a smartphone company he had founded, from 55% to 6.77%.
12/20/20212 min read
Atech Automotive Secures C Round of Financing Worth Over $69M
On November 8, Atech Automotive (Wuhu) Co., Ltd., a smart vehicle equipment manufacturer, announced the completion of a new Round C financing deal exceeding 500 million yuan ($69 million). Hubei Xiaomi Changjiang Industrial Investment Fund Management is one of the lead investors.
11/9/20223 min read
Luckin’s Ex-Chairman Lu Zhengyao Becomes Judgment Debtor for Third Time, Faces $188 Million Fine
According to public information posted to China's enforcement information disclosure website, Luckin Coffee’s ex-chairman Lu Zhengyao on Wednesday was listed as a judgment debtor by the Higher People's Court of Beijing Municipality, obliging him to pay about 1.2 billion yuan ($188 million) in fines.
Nio Reports $1.3 Billion in Total Revenue for Q2 2021
According to a financial report released Wednesday by Nio, its revenue for Q2 this year reached 8.45 billion yuan ($1.3 billion), a year-on-year increase of 127.2%.
8/12/20212 min read
Baidu-Geely EV Venture to Unveil First Model Priced Above $31,000 Next Year
Jidu Auto, the joint electric vehicle (EV) venture between Chinese search and AI giant Baidu and automaker Geely, will unveil its first model at the 2022 Beijing Auto Show, according to its top executive.
6/2/20214 min read
My Story of Renting a Place in Beijing
Recently, the weather in Beijing has gradually cooled, but I still get sweaty after getting pushed and shoved back and forth while commuting on the subway. Afte...
New Oriental Reports $876M Loss in H1 Fiscal Year 2022
Chinese private education and training company New Oriental on Tuesday night announced its financial report for the first half of fiscal year 2021-2022.
2/23/20223 min read
Huya Stocks Rise Over 7% Against The Market, Could Merge With Douyu By the End of This Year
Live-streaming platform Huya gained 7.54%, with the stock price climbing to $17.25, giving it a total market value of $3.786 billion as the mergence between Huya and Douyu is said to be underway.
6/12/20202 min read
Apple To Hold Its First Ever E-commerce Live Event
As China's “618” shopping festival is drawing near, the Apple Store Official Flagship announced that it will conduct its first ever e-commerce live event. The event will take place at 19:00 on May 31 on Tmall, marking the first time that Apple has officially organized a live event on an e-commerce platform.