Elon Musk Buys Chinese Ventilators to Support US COVID-19 Response
Elon Musk purchased 1255 FDA-approved ResMed, Philips & Medtronic ventilators from China and donated them to the state of California.
3/25/20202 min read
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Li Auto's Expected Q3 Delivery Falls Over 5% to 25,500 Units
Chinese electric vehicle maker Li Auto now expects its deliveries for the third quarter of 2022 to total around 25,500 units, significantly lower than previous forecasts, the company stated on September 26.
9/27/20223 min read
AIMS Obtains Hundreds of Millions of Yuan in B-Round Financing from Sequoia China and CATL
AIMS, a smart manufacturing and industrial intelligence enterprise, has recently completed B-round financing worth several hundred million yuan.
1/7/20222 min read
Sunmei Partners With Tuya Smart, Meituan and Tencent Cloud
Sunmei, a Chinese hotel chain, announced a series of upgrades on July 7. It has reached strategic cooperation agreements with Tuya Smart, Meituan and Tencent to help achieve these upgrades.
Chinese Beverage Chain HeyTea Denies Rumors of Mass Layoffs
Chinese beverage chain HeyTea has denied a report on Wednesday that it has been carrying out major internal layoffs, claiming that its adjustment of a small number of employees is part of its normal business operations.
2/9/20223 min read
Li Auto Aims at Monthly Delivery of 40,000 EVs
Li Auto, a Chinese electric vehicle company, delivered 21,233 new cars in December of last year, an increase of 50.7% year-on-year. Now, the firm expects that the monthly delivery volumes in 2023 may hit 40,000 units.
1/5/20233 min read
Futu and UP Fintech to Remove Apps From Chinese App Store
On May 16, leading online brokers Futu Holdings and UP Fintech Holding Limited, known as “Tiger Brokers” in Asia, successively announced that their apps will be removed from app stores on the Chinese mainland.
5/16/20233 min read
Unmanned Industrial Vehicle Firm VisionNav Robotics Bags Several Hundred Million Yuan with ByteDance as Investor
VisionNav Robotics announced on Thursday the completion of a C-round of equity financing worth several hundred million yuan, with investors including ByteDance.
9/30/20212 min read
NIO Reports $3.1 Billion in Losses on Q2 Conference Call
NIO rescheduled its conference call for the second quarter (Q2) of 2019 on September 25, clarifying that the company only lost 22 billion yuan ($3.1 billion) instead of the rumored $5 billion.
9/26/20192 min read
Tesla Announces Eight New Hires Including a New CFO for China
On May 25, Tesla Inc. published a blog post on its official website introducing eight new talents they have hired recently. Among them, the CFO of the recently ...
Investment in China's New Economy Totaled $217B in 2021
Beijing-based market researcher ITjuzi released the 2021-2022 Report on Entrepreneurship and Investment in China's New Economy, offering insight into developments that occurred last year across new economic fields.
2/18/20223 min read
Vivo Launches New Massive Battery Smartphone Z1 Pro in India
Vivo launched their new device Vivo Z1 Pro in India on July 3. The device targets Gen-Z consumers with a punch hole display selfie snapper, triple camera setup and a humongous 5,000 mAh battery.