DiDi Chuxing Introduces New Ride-Hailing, Logistics Services
Chinese ride-hailing giant Didi Chuxing (Didi) has launched Huaxiaozhu, a new economy ride-sharing service targeting younger users.
7/22/20202 min read
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Hurun: Number of Unicorns Globally Up 24% to 1,312 in H1
The Hurun Research Institute released its Global Unicorn Index 2022 Half-Year Report on August 30, offering a ranking of the world’s startups founded since 2000 and worth at least $1 billion, although not yet listed on a public exchange.
BYD Launches ATTO 3 as Its First Passenger Car in Indian Market
Shenzhen-based new energy vehicle and battery giant BYD launched the ATTO 3, an electric SUV that is known as the Yuan Plus in China, as its first passenger car in the Indian market on October 11.
10/12/20223 min read
Chinese Flexible Display Firm Royole Reportedly Failed to Pay Wages for Six Months
Shenzhen-based rollable display developer Royole, which once had a valuation of more than 50 billion yuan ($7.8 billion), was reported to have a shortage of funds and faced arrears in its employees' salaries.
3/31/20223 min read
iPhone Annual Shipments May Drop up to 30% if Apple Bans WeChat Worldwide, Analyst says
US President Donald Trump’s WeChat ban may cause annual iPhone shipments to decline by up to 30%, Apple analyst Ming-Chi Kuo said in a report.
ByteDance Denies Shutting Down VR Business of PICO
PICO is currently operating normally, and ByteDance will also continue to invest in XR business for the long term.
China VC Weekly: Autonomous Driving, AR and Gaming
In last week’s VC news, General Motors invests in Chinese autonomous driving startup Momenta, Nreal raises new funds for international expansion, NetEase invests in game publisher Kepler Interactive.
9/28/20213 min read
After Financial Fraud, Luckin Reportedly Achieves Positive Cash Flow Per Store in July
Luckin Coffee Inc. reportedly achieved positive cash flow per store in July, except for roughly 300 stores located at universities that have been closed due to the COVID-19 pandemic.
8/11/20202 min read
Huawei to Distribute Dividends to Employees at $0.25 Per Share
Chinese tech giant Huawei has reportedly announced its stock dividend data for 2021 at the end of January, showing an estimated 1.58 yuan ($0.25) per share.
2/7/20222 min read
Bilibili Responds to HR Worker Slandering Core Users
A Bilibili HR worker previously called the platform's core users "losers in life." On August 2, Bilibili officially responded, saying that after internal investigation, the HR interviewer had been dismissed at the end of last year.
8/3/20223 min read
Private Traffic Solutions Provider Tanma Receives $30 Million in B+ Round Financing
On Tuesday, Tanma Social Customer Relationship Management (SCRM) announced it had raised $30 million in B+ round financing.
11/23/20212 min read
AR Tech Firm Nreal Secures $60M in Round C+ Financing Led by Alibaba
Nreal, an augmented reality (AR) technology company, announced on Wednesday that it has completed a round C+ of financing totaling $60 million, led by Alibaba Group.
3/30/20222 min read