WeRide Announces Acquisition of Autonomous Trucking Startup MoonX.AI
Driving startup WeRide on Tuesday announced the acquisition of MoonX.AI, an autonomous trucking startup.
7/20/20212 min read
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Xiaomi Obtained Hong Kong Virtual Bank License
On May 9th, 2019, a joint venture under Xiaomi and independent investment bankAMTD Group called Insight Fintech HK has been granted a Hong Kong virtual bank license, according to the Hong Kong Monetary Authority (HKMA).
5/10/20192 min read
January Smartphone Sales in China See Monthly Jump of 38.6%
Industrial research institution CINNO Research released a report on Monday, pointing out that the sales volume of smartphones in China in January was about 30.87 million units.
DJI Avata 2 Racing Drone Expected to Be Released in April
The SBDJI website recently revealed a scanned document of the DJI Avata 2 drone's registration sticker, suggesting that the drone could be launched as early as April.
China's Copyright Administration Bans Most Exclusive Copyright Deals for Digital Music Platforms
China's copyright authorities have said that digital music platforms are not allowed to sign exclusive copyright agreements except in special circumstances.
1/7/20222 min read
NVIDIA's China Market Challenges Amid Strong Financial Performance
NVIDIA's revenue from data centers in the Chinese region had dropped to single digits and they had begun supplying a small amount of alternative products that do not require licenses to the Chinese region.
A Spreadsheet’s 24 Hours to Save Hundreds of Lives in 1-in-500-year Rainfall Event
When heavy rains on July 20 started to pound Zhengzhou, the capital of east-central China’s Henan province, inundating streets, flooding residential buildings and wreaking havoc on the entire city, one college girl, with the help of a simple spreadsheet, may have saved hundreds of lives.
WM Motor to Cut Executive Salaries in Half as Financial Woes Mount
After WM Motor founder Freeman Shen's annual salary of 1.2 billion yuan ($164 million) aroused heated discussion, the Chinese second-tier electric vehicle maker is now reportedly carrying out large-scale salary reductions, including a 50% cut in executive pay.
10/25/20223 min read
Liverpool Fans Celebrate Final Victory — Late Nights in the UEFA Champions League
Due to the time difference, Champions League matches are often played at 3 am on weeknights, testing the resolve of even the most fervent supporters. Thankfully for fans in China, the UCL Final between Liverpool and Tottenham in Madrid was early on Sunday morning, sparing millions of fans an exhausting day at work.
6/4/20196 min read
Underwear Brand NEIWAI Completes D Round of Financing orf $100 Million
Chinese media 36Kr reported that the underwear brand "NEIWAI" recently won the D round of financing for the sum of $100 million. This round of financing was led by a global US dollar investment group in addition to long-timeshareholders of Vertex Ventures, Qiming Venture Partners, as well as Investarget who is also acting as the exclusive financial advisor.
7/15/20213 min read
Meizu releases E3 with Snapdragon 636, 6GB RAM, side fingerprint sensor
On March 21, Meizu held a press conference in Beijing for its E3 release. This phone features multiple attractions: full screen, dual camera and side fingerprin...
3/22/20184 min read
Apple Supplier Luxshare Precision Discloses US Investigation Findings
Luxshare Precision, a consumer electronics manufacturer, announced on September 13 that the United States International Trade Commission's investigation into the company has been closed without any material impact on the company's production and operations.
9/13/20223 min read