Zeekr Restarts Its US IPO
The high-end electric vehicle brand Zeekr under the Chinese car manufacturer Geely has restarted its IPO in New York to raise up to $500 million, which is lower than the previously set target of over $1 billion.
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JOYY Q2 Revenue Surges to $826M
Video-based social media platform JOYY Inc. on Thursday reported net revenue of $826.6 million in the second quarter of 2020, up 36.3% year-on-year.
8/13/20202 min read
Baidu App Unveils New Strategy as it Hits 560 Million Monthly Active Users
Baidu said on Monday its flagship Baidu App has reached 558 million monthly active users (MAU) in March, with more than 75% of users logging onto the platform every day.
Tencent Music Reports Significant Subscriber Growth and Revenue Boost in Q2 2024
TME reported a 33.1% year-over-year increase in net profit, reaching RMB1.79 billion (US$247 million).
Huawei-Backed AITO M7 Now Available in Huawei Stores
A regional manager of AITO, an EV brand jointly created by Huawei and Seres, said that at present, offline channels are being vigorously laid out.
7/11/20223 min read
Ep. 40: China’s Newest Stock Exchange Experiment: Shanghai’s Technology Innovation Board
In Episode 40 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about the new “Technology Innovation Board” on the Shanghai Stock Exchange, which formally announced its first set of rules last week.
3/18/201926 min read
CATL Chairman Expects to See New Cars Equipped With Kirin Battery
At the 2022 World EV & ES Battery Conference held in Sichuan on July 21, Robin Zeng, Chairman of Chinese battery giant CATL, said many new car models will be equipped with the Kirin battery next year.
ByteDance Sets Up Douyin Group, Rumored to be Listed in Hong Kong
Once ByteDance established Douyin Group (HK) Limited as a separate entity, rumors began to swirl about a potential public listing on the Hong Kong Stock Exchange.
XPeng Motors to Offer New Generation of Charging Piles
The rising price of 95 RON gasoline in China sparked extensive online discussion on Tuesday, including comments posted to Weibo by XPeng Motors CEO He Xiaopeng.
6/15/20222 min read
Meituan's Delivery Drones Completed Over 100K Orders Last Year
Chinese local services giant Meituan on January 16 unveiled data regarding its drone delivery business, following two years of normal trial operations. By the end of 2022, the cumulative orders of Meituan's delivery drones had exceeded 120,000.
Luminar Inks Deal with Geely-affiliated Ecarx
On July 22, Ecarx, an auto startup co-founded by Eric Li, founder of China’s private automaker Geely, announced that it had formed an alliance with Luminar, a Florida-based lidar company.
7/22/20222 min read
Chinese Commercial Aerospace Company Space Pioneer Responds to Rocket Crash Incident
As a leading commercial aerospace company, Space Pioneer was about to conduct the maiden flight of its TL-3 rocket this year when an accident occurred during the testing process.