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As of the fiscal year ending March 31, 2024, Alibaba invested a total of approximately $800 million to acquire about 36% equity stake in Moonshot AI as a preferred stock investment.
Li Pengcheng, the former assistant to the CEO of XPeng Motors, will join Avatr Technology after China's upcoming Spring Festival holiday.
Leading domestic electric vehicle manufacturing NIO and retail giant Suning signed a strategic cooperation agreement on Aug. 5.
The first Xiaomi physical store in Chile has opened in Santiago on April 27. The 250-square-meter place offers smartphones, wearable devices, smart home suppli...
Shenzhen-based battery firm Sunwoda reportedly launched a spin-off for its automotive power battery business at the end of 2021. Its subsidiary Sunwoda Electric Vehicle Battery Co., Ltd. (EVB) will be listed as an independent company.
On August 23, Alibaba declared its voluntary transition from a secondary to a primary listing on the Hong Kong Stock Exchange, effective from August 28, 2024.
DJI, a Shenzhen-based civilian drone manufacturer, on Wednesday unveiled three new tools that it claims will enable filmmakers and the content creation community to easily bring their visions to life.
BYD announced that its Chilean subsidiary, BYD Chile SpA, has reached an agreement with Chilean governmental organization CORFO on lithium battery material production.
Chinese EV maker BYD sold 641,400 new energy vehicles in the first half of 2022, up 315% year-on-year. BYD continues to maintain its leading position in the domestic EV market, and has surpassed Tesla to become the leading EV company by sales.
OFilm, a high-technology manufacturing and assembly company in China, on August 29 released its financial report for the first half of this year. Its net loss during the period was 870 million yuan ($125.8 million).
While Apple’s new iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max will not be available in stores until September 20, online pre-sales for the new handset have exceeded expectations by a landslide.
Chinese tech and Internet giant Baidu announced on November 22 its unaudited financial results for the third quarter ended September 30, 2022, beating market consensus, with Baidu Core's non-GAAP operating profit increasing by 14% year over year.