
Tencent to Invest Nearly $42M in Medical Field
Yuyue Medical, a Chinese medical device manufacturer, announced on September 19 that internet giant Tencent plans to invest 291 million yuan ($41.5 million) in its subsidiary, Xunjie Medical.
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Yuyue Medical, a Chinese medical device manufacturer, announced on September 19 that internet giant Tencent plans to invest 291 million yuan ($41.5 million) in its subsidiary, Xunjie Medical.

LeEco held a meeting in Beijing on Monday to announce the official return of its mobile phone business. The target users of its new product S1 include taxi drivers, food deliverymen, and older users.

The competition is heating up between Chinese tech giants Tencent, owner of WeChat, and the world's most valuable startup ByteDance, the company behind TikTok.

Henry Xia, President and Co-founder of Chinese electric vehicle maker XPeng, denied rumors on November 6 that the company may be considering adopting an extended-range power system in the future.

The latest judgment informed that the U.S. court had ruled that ZTE's probation would not be revoked without any additional punishment, representing a major victory for ZTE in the legal hearing.

Tech market research firm IDC released a quarterly cell phone tracking report on July 29. Honor ranked first in terms of shipments during Q2 in the Chinese market.

Mercedes-Benz announced on Friday that it has opened a new R&D center in Shanghai that will specialize in mobile technologies such as interconnection and autonomous driving.

Chinese social media and entertainment site Joyy Inc. rejected allegations of fraud by Muddy Waters Research, saying the report it published was full of “misinformation, erroneous statements and misleading conclusions.”

Huawei was banned from supplying 5G technology in New Zealand due to national security concerns, joining a number of developed countries in their hesitation to ...

Xiaomi CEO Lei Jun announced yesterday on his personal blog his vision for the future of AIoT and smart home technology in the Xiaomi ecosystem.

Hongsong, an online interest community for middle-aged and elderly Chinese people, announced that it had recently obtained financing worth 100 million yuan.

As of December 31, 2019, Hillside Capital no longer holds equity in NIO. So far, 2020 has seen NIO raise $200 million in convertible bond financing.