Xpeng Announces Completion of SOP Delivery for Acquisition of DiDi's Intelligent Car Development Business Assets
Per the agreement, Xpeng issued 4,636,447 Class A shares to DiDi, representing about 0.24% of the company's post-issue capital stock.
All Posts
Showing 12 of 13093 posts
TikTok Owner ByteDance Threatens to Sue Trump Administration as US Calls for Broader Ban of Chinese Tech
TikTok’s parent company ByteDance released a statement on Friday in response to the executive order banning US companies and individuals from doing business with it.
8/7/20204 min read
Xiaomi Auto Plans to Launch First Models in 2024 and Sell 900,000 Vehicles in Three Years
Several sources have informed Chinese domestic media outlet 36Kr that Xiaomi Auto plans to debut its first models in the first half of 2024.
9/10/20212 min read
OnePlus x Genshin Impact: Xiangling Ace 2 Smartphone to Be Released April 17
Chinese smartphone maker OnePlus will hold a launch event for the OnePlus Ace 2 Genshin Impact customized edition in China on April 17.
4/11/20232 min read
Tencent Expands to UK With Establishment of Liverpool Studio
Tencent Games has set up a new studio in Liverpool, UK, led by Pete Smith, VP of partnerships for Tencent Games Global.
5/7/20222 min read
3D Imaging Technology Firm VOMMA Secures Pre-A+ Round Financing
VOMMA, a light field 3D imaging technology enterprise, announced on Wednesday that it had completed a Pre-A+ round of financing worth tens of millions of yuan. The deal was exclusively invested by Matrix Partners.
6/8/20223 min read
Top Financial Institution China Renaissance Loses Contact with Founder
Bao Fan, the billionaire founder and chairman of boutique investment bank China Renaissance Holdings Ltd., has not been in contact with the company lately. The Hong Kong-listed company issued a statement that its business and operations remained normal.
2/17/20233 min read
BYD Builds Another Battery Factory in Hungary
On July 13th, BYD plans to establish a battery assembly plant in Hungary with an investment of over ¥200 million (about $28 million). This is BYD's second factory in the country following the electric bus and truck factory in Hungary.
"Father of Chinese Chips" Makes Another IPO Attempt
Recently, the official website of the China Securities Regulatory Commission (CSRC) showed that Vimicro has filed for listing guidance with the Guangdong Securities Regulatory Bureau, and CITIC Securities is the guiding institution.
Popular Shanghai Eatery Element Fresh Closes Shops
Not long ago, Element Fresh, a popular fresh food eatery, made the news with rumours that its bankruptcy liquidation was beginning to spread.
12/20/20212 min read
Ride-hailing Giant Didi Chuxing to Give Drivers Access to Pay Breakdown in Bid to Improve Transparency
Chinese ride-hailing company Didi Chuxing is pushing ahead with its pledge to be more transparent, amid concerns about the platform's pricing mechanisms and accusations of unfair commission rates.
5/27/20213 min read
Nio, Xpeng Score Record Deliveries in Q1
Chinese electric vehicle makers Nio and Xpeng both reported record deliveries during the first quarter of 2021, despite seasonal industry-wide slowdown in car sales and ongoing complications due to a global chip shortage.
4/2/20213 min read