Tencent-backed Health Startup Waterdrop Raises $200M in Series D Round
Waterdrop Inc. has raised around $200 million to fund its expansion in healthcare crowdfunding, at a valuation of approximately $2 billion.
8/12/20203 min read
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Ep. 47: Chinese K12 English EdTech: VIPKid and How Learning is Earning
In episode 47 ofTechBuzz China, co-hosts Ying-Ying Lu and Rui Ma dive into a topic they have been wanting to cover for a while now: Chinese educational technology (edtech).
Tencent's Subsidiary to Become Shareholder of Japanese Game Developer FromSoftware
Kadokawa, a Japanese publishing enterprise, announced on August 31 that FromSoftware, a game subsidiary, will issue new shares to Sixjoy Hong Kong, a subsidiary owned by Tencent, and Sony Interactive Entertainment (SIE) through third-party allotment.
Natural Language Processing Firm AI Speech Raises 410M RMB in Series E Round
The firm aims to facilitate the digitization of government apparatuses and the financial services industry.
4/7/20201 min read
Tencent Is Developing A Social App Called M8
On August 2nd, Tencent is internally developing a social app called "M8", created by the QQ team. It is positioned as a map-based virtual social product, targeting young people in the social networking field. This product may begin external testing in August.
BYD to Launch Han, Tang and Yuan PLUS Models in Europe This Fall
Shenzhen-based automotive company BYD announced on August 27 that it will launch a variety of new energy vehicle models for the European market this fall, including the BYD Tang, Han and Yuan PLUS.
SMIC to Build 28nn Chip Production Line in Shanghai worth $8.8 Billion
SMIC announced that it signed a cooperation agreement with Shanghai's Free Trade Zone Lin-Gang Special Area Administration.
9/3/20212 min read
37Games Obtains Chinese Regulatory Approval for Several New Games
Gangzhou-based game developer 37Games said at an online performance briefing on Tuesday afternoon that many of its 2022 games have obtained regulatory approval for publishing and operations in China.
5/11/20222 min read
Colonial Past and Present of Tsingtao Beer
If you ask a foreigner about Chinese beer brands, most of them would first come up with Tsingtao beer, the one named after Chinese coastal city Qingdao. Looking back over a century ago, the colonial past of the city is closely intertwined with the history of the breweries.
Huawei Sets Up Four More Internal "Corps," Following "Coal Mine Corps" Earlier This Year
Huawei recently issued a document on its internal employee community platform, announcing the formal establishment of four corps.
10/11/20214 min read
Will Chinese ‘Super-long-range’ Tesla-killers Actually Kill Tesla?
As Chinese NEV companies grow muscle, their output also becomes more capable of rivaling Tesla, perhaps not comprehensively, but definitely on certain fronts.
Grocery E-Commerce Firm Missfresh Discloses Revenue Miscalculations
Missfresh, a grocery e-commerce platform based in China, recently identified certain transactions carried out by its Next-Day Delivery BU in 2021 that exhibited characteristics suggesting questionable transactions.
7/11/20222 min read