Desay Battery Provides Lithium Batteries to Huawei
Desay Battery acknowledged that it provides Huawei with lithium batteries for various products, but has not yet provided products related to automotive batteries.
6/14/20222 min read
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NIO Establishes Mobile Technology Subsidiary
NIO Mobile Technology Co., Ltd. was formally established in Shanghai on August 4, to be mainly engaged in software and information technology services. Its legal representative is Qin Lihong, the co-founder and president of Chinese electric vehicle firm NIO Inc.
8/5/20222 min read
Pinduoduo's Local Grocery Shopping Service Has Been Completely Suspended
The local life project of Duoduo Mai Cai was originally planned to be launched in February 2024. However, Pinduoduo officials stated that the local life business has been completely discontinued.
1/4/20242 min read
Centurium Capital Gains Control of Chinese Beverage Firm Luckin Coffee
A consortium led by Centurium Capital, a Beijing-based investment company, now owns more than 50% of domestic beverage chain Luckin Coffee, which was previously plagued by a series of scandals.
1/28/20222 min read
Evergrande Group Cancels Lease of Shenzhen HQ Building
Evergrande Group has moved out of its headquarters building in Shenzhen, and that the building has removed branding that displays "Evergrande Group."
1/11/20222 min read
WM Motor and Kaixin Auto Sign a Letter of Intent for Merger and Acquisition
On September 11th, Kaixin Auto announced that it has signed a non-binding letter of intent for acquisition with WM Motor.
9/12/20233 min read
"Chinese Vision Pro" Revealed: Two Models With and Without Camera, Target Yearly Sales of 500,000 Units
In February of this year, Emdoor Virtual's CEO, Shi Qing, did not shy away from talking about labels such as "low-end," and "counterfeit," and believed that low-priced products are not shameful. The company plans to ship 500,000 units this year.
8/15/20242 min read
Mobile Robot Company ForwardX Robotics Secures Nearly $31.4 Million in C Round Financing
ForwardX Robotics, a leading mobile robot company, announced its completion of round C financing totaling nearly 200 million yuan ($31.4 million).
12/14/20213 min read
Keep Raises $127 Million: Largest Funding Round in the Internet Fitness Industry
Internet fitness company Keep Inc. raised the single largest fundraising round in the world's Internet fitness industry, with Goldman Sachs leading the $127 mil...
7/11/20182 min read
BYD Launches 2022 Flagship Han EV Series
Shenzhen-based automaker BYD unveiled four new models within its 2022 Han EV Series on Sunday – namely, the Han Genesis Version, the limited edition Han Jade Green, the Han DM-i and the Han DM-p.
4/11/20224 min read
Coronavirus-Related Keyword Searches on Baidu Down 91% From January
China's internet giant Baidu published a report said the search trends for epidemic-related issues has been reduced by 91% compared to late January.
Malaysian Prime Minister Kicked off China Tour with a Visit to Alibaba
Malaysian Prime Minister Mahathir Mohamad started his closely watched China tour on August 17th and visited Alibaba the next day on his first official trip to C...