Chinese GPU Start-up Moore Thread Announced Lay-off
On November 6th, Chinese GPU startup Moore Threads released a company-wide announcement, declaring the initiation of "personnel optimization".
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Li Auto Sees Delayed Vehicle Deliveries Amid Stress to Supply Chain
Chinese electric vehicle maker Li Auto said on Wednesday that the delivery of some vehicles would be delayed because supply chain enterprises located in areas hit by pandemic could not ship products normally.
4/21/20222 min read
Xiaomi Founder Lei Jun Steps Down From Roles at Three Affiliated Firms
Xiaomi founder Lei Jun has recently withdrawn from three affiliated companies, including Xiaomi Software Technology Co., Ltd., Xiaomi Pictures Co., Ltd. and Beijing Tianmi Technology Co., Ltd.
1/10/20232 min read
Pinduoduo Pulls Ahead with 824 Million Users, Vows to Use Scale for Good
Chinese e-commerce and grocery platform Pinduoduo has reported expectations-beating first-quarter results, backed by a 31% year-on-year increase in annual active buyers to 823.8 million.
5/27/20213 min read
XSky Secures $62.8 Million in F Round Financing, Source Code Capital Participates in Investment
XSky Data Technology, a China-based technology company focusing on software-defined infrastructure products and services, announced the completion of round F financing in which it garnered 400 million yuan ($62.8 million).
12/7/20212 min read
First Remote Work Day After Spring Festival Starts with Software Breakdown
For many Chinese white collar workers trapped inside their homes due to the coronavirus outbreak, it’s been a miraculously chaotic day on February 3.
2/4/20202 min read
CATL Vets Final Options for US Factory Site
Leading Chinese battery firm Contemporary Amperex Technology Co. Limited (CATL) is reportedly in the final stages of vetting sites for a planned EV battery production facility in the United States.
5/6/20222 min read
BYD Ocean Series Car Model Sold 102,572 Units in May
On June 5th, BYD announced the detailed sales figures for its various models of Ocean series in May.
10 Chinese Firms, Including Vivo and Xiaomi, Activate ".CN" Domain
The CNNIC announced on Tuesday that 10 Chinese top 500 enterprises, including vivo, Xiaomi Corporation, and Tencent Cloud Computing, have recently activated China's top-level domains, ".cn" and ".中国."
Adidas's Q1-3 Revenue in China Down Over 25%
Adidas announced its financial results for the third quarter of 2022 on November 9. The firm's performance in Greater China, its former growth engine, continued to exhibit poor results.
11/10/20224 min read
Another WM Motor EX5 Vehicle Catches Fire in Hainan
A WM Motor EX5 vehicle in Haikou, China's Hainan province, suddenly emitted smoke and caught fire a few minutes after charging on April 18.
4/20/20223 min read
China’s Community Group-Buying Players Are Facing a Reshuffle, Signaling the End of the Fast-Growth, Cash-Burning Bubble Blown by the Country’s Big Tech
With several top players withdrawing from the competition, the bloated market is entering a new phase of consolidation.
10/5/20219 min read