China NFT Weekly: China's First Virtual College Campus
This week: China to create its own NFT industry based on state-backed blockchain infrastructure, Animoca Brands sees private valuation surge to $5 billion, and more.
1/21/20228 min read
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Japanese Writer Haruki Murakami Speaks Up on His Family's Involvement in the Sino-Japanese War
On May 10, Japanese writer Haruki Murakami published an article that immediately went viral on Weibo, China's Twitter-like social media platform. The famed novelist spoke up for the first time about his father's involvement in the Second Sino-Japanese War.
5/13/20194 min read
Apple Reportedly Lowers 2022 AirPods Production
Apple is planning to reduce production orders for its AirPods earphones by more than 10 million units for 2022, as the company predicts lukewarm demand and is seeking to reduce idle inventory.
3/29/20222 min read
Didi President Jean Liu Visits Family of Murdered Driver
After several tragedies of passenger rape and murder while using Didi, a Chinese ride-hailing company, people have once again raised concerns about safety.
3/26/20193 min read
ByteDance's Moonton Sues Tencent for Defamation, Compensated $30.8K
A defamation case brought about by Shanghai-based game developer Moonton Technology against Tencent has recently reached a conclusion. Tencent was ordered to compensate Moonton for losses and expenses totaling 220,000 yuan ($30,800).
10/10/20223 min read
China Leads World in Cumulative Installed Power Battery Capacity
As of the end of June, the installed capacity of power batteries in China had reached 531.9 GWh, remaining top in the world.
7/25/20223 min read
XPeng Completes Phased Organizational Restructuring
Chinese electric vehicle maker XPeng revealed that, in 2022, it completed a phased organizational restructuring and appointed Wang Fengying as president while retaining other core executives in their original positions.
4/13/20233 min read
Semiconductor Storage Firm DERA Secures Nearly $157 Million in Round C Financing
DERA Technology Co., Ltd., an R&D company dedicated to the development of semiconductor storage, recently completed its C-round financing worth nearly 1 billion yuan ($157 million).
12/24/20212 min read
Hydrogen Fuel Cell Startup SinoSynergy Applies for Hong Kong IPO
SinoSynergy, a hydrogen fuel cell company based in China's eastern Zhejiang province, on November 22 submitted a listing application to the Hong Kong Stock Exchange, with Huatai Financial Holdings named as the exclusive sponsor.
11/23/20223 min read
Baidu Granted China's First Permits for Commercial Driverless Ride-Hailing Services
Chinese internet giant Baidu announced on August 8 that the company has secured the country's first permits to offer commercial fully driverless robotaxi services to the public on open roads.
Huawei Makes Initial Moves Into Commercial Sector
Chinese technology giant Huawei announced on Wednesday that it will rename its “consumer business” as its “terminal business,” marking an initial entrance into the commercial sector.
4/21/20223 min read
Starbucks Plans to Add 3,000 Stores in China by 2025
On September 14, Starbucks's China division officially released its 2025 China Strategic Vision, launching a new value-oriented growth plan featuring heavy investment in the country.
9/14/20223 min read