Xiaomi Reports 52.9% YoY Decrease of Adjusted Net Profit in Q1
Beijing-based tech giant Xiaomi released on Thursday its unaudited consolidated results for the three months ended March 31, 2022.
5/19/20222 min read
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DJI Automotive Unveils New Generation of Intelligent Driving Solution
DJI Automotive, a subsidiary of DJI, announced its latest intelligent driving solutions at the China EV100 Forum on April 2. The company claimed that this solution can achieve L2+ intelligent driving functions without relying on high-precision maps or lidar technology.
4/3/20233 min read
WeChat Pay HK Helps with Mainland Cross-Border Payment Services
HKSAR confirms quarantine-free travel between the Mainland of China and Hong Kong on and before January 15. WeChat Pay HK, a mobile payment platform under Tencent, will help users enjoy seamless, safe and convenient cross-border payment services in areas of travel, dining, consumption and entertainment.
12/29/20223 min read
Elon Musk: Tesla's Second Gigafactory to be Built in China
In mid-April, media reported that in a summit organized by the Chinese auto industry, a source disclosed that Tesla will establish a wholly-owned factory in Chi...
5/3/20182 min read
SVOLT Establishes Shanghai R&D Center to Support Intelligent Manufacturing Development
SVOLT Energy Technology Co., Ltd. on Thursday signed a cooperation agreement with Shanghai Jiading District State-Owned Assets Management (Group) Co., Ltd., announcing the establishment of SVOLT Shanghai R&D Center.
1/7/20222 min read
Baidu Unveils ERNIE Bot, Share Price Rises More Than 12%
Baidu's ChatGPT-like product ERNIE Bot was unveiled yesterday and subsequently caused huge fluctuations in its share price. Before the Hong Kong stock market opened today, Baidu's share price rebounded. Around 15:00 Beijing time, the share price rose by over 12% to HK $142.8 (about 18.2 $).
Anta's H1 Revenue Surpasses Nike in China for First Time
Anta Sports Products Limited, a prominent sportswear company in China, increased its overall revenue in the first half of the year by 13.8% to 25.97 billion yuan ($3.79 billion), higher than Nike China's $3.7 billion in the same reporting period.
Didi Ceases South Africa Operations, Conducts Layoffs
Rumors of 20% staff layoffs at Chinese ride-hailing giant Didi Chuxing have been gradually verified, and the cuts will also impact the firm's international business unit.
4/14/20222 min read
Xpeng Aeroht's Flying Car Completes Its First Flight in Guangzhou
Xpeng Aeroht's "Land Aircraft Carrier" is equipped with the world's first automatic separation and combination mechanism for vehicles, a proprietary technology developed by the company.
9/4/20244 min read
Xpeng Motors Reduces Sales Area by Half to 12 Regions, Transitioning from Direct Sales to Dealership Model
XPeng Motors recently reduced the number of nationwide sales regions. They are also gradually phasing out underperforming directly operated stores and expanding the scale of dealership stores.
WM Motor Launches "Smart Parking" Service
On August 4, WM Motor, a Shanghai-based new energy automobile company, announced the launch of its "Smart Parking" service.
8/4/20222 min read
Tesla Probed By Chinese Authorities For HW2.5 Hardware Downgrade Scandal
On March 10, the Chinese Ministry of Industry and Information Technology spoke with Tesla regarding its HW2.5 hardware downgrade scandal.
3/11/20202 min read