Livecast #8: VC Ray Hu of Blue Lake Capital on China SaaS
Transcript compiled by Karrie Huang. Rui: Hey everyone. Thanks for joining us. We have Ray in the room right now. Ray, first of all, thank you for being her...
8/25/202137 min read
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Douyu Reports Q1 Revenue of 1.04 Billion RMB, a Year-on-Year Decrease of 29.9%
The number of mobile monthly active users decreased from 50.2 million in the same period last year to 45.3 million, and the average number of paying users also decreased from 4.5 million to 3.4 million.
Halting of NEV Subsidies Causes Profit Pressure for Chinese Automakers
The new energy vehicle subsidies issued by the Chinese government for the past 13 years are scheduled to end this year. However, the vast majority of domestic NEV enterprises have not yet achieved profitability, and are still investing in large-scale research and development.
DeepRoute.ai's Mass-Produced Autonomous Driving Solution Costs Less Than $10,000
DeepRoute.ai, an autonomous driving solutions provider, revealed that its lidar product can reduce costs to less than $10,000 per vehicle following mass production.
5/30/20222 min read
Luckin Coffee Continues Trading After Receiving Delisting Notice from Nasdaq
Luckin Coffee resumed trading on Nasdaq today after announcing that on May 15, 2020, it had received a written notice from the stock market’s Listing Qualifications Staff that its securities were determined to be delisted from Nasdaq.
5/20/20202 min read
NiuTrans Adds 84 Languages to Translation Database in Support of China's Belt and Road
NiuTrans, a machine translation system that supports most major languages in the world, has recently added 84 new languages to its database, bringing the total to 388. The new languages in NiuTrans are expected to cover more than 120 million native speakers.
Debt-Ridden LeEco Implements 4.5-Day Weekly Work Model
On January 3, the first work day of 2023, CEO of Chinese tech firm LeEco Zhang Wei issued a letter to all employees, announcing that a 4.5-day working system would be implemented the following day, giving all employees a flexible half-day every Wednesday.
106 Apps Removed for Infringing on User Rights and Interests, Including Douban and Changba
According to the announcement from the Ministry of Industry and Information Technology (MIIT) on Thursday, a total of 106 apps, including Douban, Changba, Alihuishou and Knews, have been put on a list of apps to be removed.
Megvii Technology's Bumpy Road to an IPO
On September 9, AI firm Megvii Technology gained approval to carry out a public listing on the Shanghai Sci-Tech Innovation Board (STAR Market). The IPO path of the company has not been smooth.
10/28/20213 min read
DJI Unveils New Cinema Drone Inspire 3
DJI, a Chinese leader in civilian drones and camera technology, on April 13 released the all-in-one DJI Inspire 3, a streamlined, precise, full-frame 8K cinema drone to meet the needs of top-level movie productions.
Chinese EV Maker NIO Issues Mass Recall of ES8 Due to Battery Flaws
Shanghai-based electric vehicle manufacturer NIO today issued a mass recall of its ES8 models through an announcement made on its official Weibo account.
Volvo Partners with AutoNavi and iFlytek in its First Pure-Electric SUV XC40 RECHARGE
Volvo joined hands with Chinese tech companies including Alibaba’s AutoNavi and information tech company iFlyTek to launch its first pure-electric SUV XC40 RECHARGE on Sept. 26.
9/26/20202 min read