Netease will M&A Overseas Game Company on a Large Scale
Perhaps to reverse Netease founder William Ding's "stingy" image? Netease decided to change its conservative attitude in investments and M&A – in a recent r...
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Li Auto Founder: Extended Range Best for SUVs in Next Five Years
During a telephone conference after the release of the Q2 financial report, Li Xiang, the founder and chairman of Chinese EV maker Li Auto, said that in the next five years, the extended-range scheme is still the best solution for SUV models.
CATL Forms New Energy Vehicle JV with FAW Jiefang
Chinese battery giant CATL and FAW Jiefang, the commercial vehicle division of FAW Group, formed a joint venture on August 18 aimed at exploring the new energy commercial vehicle market.
8/19/20222 min read
Meituan Leads in China's Food Delivery Market, Followed by Ele.me and Baidu
Trustdata released a new mobile Internet report on July 31, unveiling a 6-3-1 shape of the food delivery market in China where Meituan Waimai continues to lead ...
8/4/20182 min read
Chinese EV Manufacturer Li Auto Renews Prospectus with Issue Price, Hillhouse Capital Inclines to Invest
Li Auto updated its prospectus on July 25 and publicly issued 95 million American depository shares (ADSs) to U.S. investors with an issue price ranging from $8 to $10 per ADSs.
7/27/20204 min read
Subsidiary of Chinese Battery Maker Gotion High-Tech to Build Factory in Michigan
Gotion, the US subsidiary of Chinese battery manufacturer Gotion High-Tech, will build a battery material factory in Big Rapids, Michigan, with an investment of about $2.364 billion, creating about 2,350 jobs.
10/8/20223 min read
Gaotu Techedu Expects Substantial Downturn in Revenue
Gaotu Techedu, a Chinese provider of online large-class tutoring services, on Thursday issued business updates following the release of regulatory requirements by the Beijing local government.
2/18/20222 min read
NIO's Alps Brand May Collaborate with Dealerships
In the first half of this year, NIO proactively contacted a leading domestic dealer group and conducted some "experiments" on opening up the dealership model for its subsidiary brand, Alps.
SF Express to Invest 500 Million Yuan to Ensure Sustainable Development of Employees
SF Express launched its Employee Sustainable Development Guarantee Plan on Monday, which means it will invest more than 500 million yuan in the future to focus on the sustainable development of a courier's career and family life quality.
9/6/20212 min read
XPeng's MONA First Model Named M03, Appearance Unveiled
XPeng Motors announced that the first product of the MONA series was named M03, and released the exterior pictures of the car.
6/12/20241 min read
Bilibili Celebrates Chinese Gen Z’s Originality in its New Year’s Eve Concert
Amidst all New Year’s Eve countdown shows, Bilibili’s New Year Concert has to be the most special.
1/3/20203 min read
Huawei’s Advanced Intelligent Assisted Driving Function Opens Test Rides
The new HI version of the Arcfox Alpha S has recently started a test ride phase. Thanks to Huawei’s HI smart car solution, the model supports high-level intelligent driving assistance at high-speed and on urban roads.
7/27/20223 min read