New Dairy Brand, Adopt A Cow, Completes Round B Financing Led by Meituan Dragonball
On Friday, the new dairy brand Adopt A Cow announced its completion of a round B of financing, which was led by Meituan Dragonball.
12/17/20213 min read
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Cheetah Mobile Announces Financial Results for Q4 and Full Year 2018
Chinese mobile Internet company Cheetah Mobile reported its financial results for the fourth quarter and the year of 2018.
3/26/20192 min read
Mobile Robot Manufacturer SEER Secures Round-B Financing
Mobile robot manufacturer SEER announced on Monday it has received hundreds of millions of yuan in round-B financing, led by SAIF Partners, IDG Capital, and Broadstream Capital.
2/14/20223 min read
Ericsson Plans to Restructure Business in China After Revenue Plummeted 74%
On October 19, Borge Eckholm, President and CEO of Ericsson, revealed that the company's revenue from the Chinese market plummeted by 74% in the third quarter.
10/27/20213 min read
China Secretly Eases Requirements for ‘Illegal Newborn Babies’ — A Truly Progressive Policy?
Hukou, also known as the Chinese household-registration system, is the most important thing for many Chinese families. It is a sign of social status, a ticket to urban welfare, and a key factor when it comes to dating and marriage.
China Carries Out 2022's First Successful Satellite Launch
At 10:35 a.m. on Monday, China successfully launched a satellite into orbit from the Taiyuan Satellite Launch Center in the northern province of Shanxi.
1/17/20222 min read
Baidu Adjusts Management, Accelerating Development of AI Cloud Group
Robin Li, Founder, Chairman and CEO of Chinese tech giant Baidu, announced on Thursday morning a new round of an executive rotational program in an email to all employees.
Xiaomi Changes Management, William Lu to Succeed Wang Xiang as President
Lei Jun, founder and CEO of Chinese smartphone manufacturer Xiaomi, issued an internal letter on December 22, announcing that Wang Xiang, President of Xiaomi, will retire at the end of the month and continue to serve as a senior consultant.
12/22/20223 min read
Convenience or Concern? China’s Rampant Biometric Data Collection
Chinese citizens enjoy a level of digital convenience in their daily lives that cannot be matched by any other nation.
Waymo and Zeekr to Collaborate on All-Electric, Fully Autonomous Ride-Hailing Vehicle
Geely announced on Tuesday that its premium electric brand, Zeekr, will collaborate with Waymo on the development of a new pure electric vehicle for deployment in the Waymo One autonomous ride-hailing fleet in the United States.
12/29/20212 min read
As Required by Policy, Gaotu Deposits Tuition Collected in Advance Into Designated Bank Account Supervised by Government
Chinese online tutoring firm Gaotu briefly disclosed its recent operation in a letter published on its official WeChat account on Monday. On Tuesday, the share price of Gaotu closed at $3.625/share, with a total market value of $929 million.
10/20/20212 min read
XPeng Motors Subsidiary Announces Interactive VR Patent
A subsidiary of Chinese new energy vehicle firm XPeng Motors announced on Wednesday a new patent entitled "Virtual Reality-Based Scene Display System, Method and Vehicle."