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According to the official website of Chinese financial technology giant Ant Group, Sam Zeng, the former Chief People Officer, left his post and has been replaced by Wu Minzhi, previously the firm's deputy CPO.
In last week’s China VC news, autonomous driving technology startup HoloMatic completed its Series B1 round of financing, SaaS vendor G+ bagged 180 million yuan for further business expansion, while prominent VC ZWC Partners closed a new $774 million US-dollar fund.
Leading ride-hailing company Uber Technologies Inc. is seeking to sell part of its $6.3 billion stake in Didi Chuxing, Bloomberg reported.
On June 15th local time, J. Michael Evans, the President of Alibaba Group, a giant e-commerce company, stated that Alibaba Group is focused on establishing local businesses and online platforms outside of China and will prioritize development in Europe.
According to the annual report released by Chinese battery giant CATL on March 9, the company's total operating income in 2022 exceeded 300 billion yuan ($43 billion) for the first time, reaching 328.59 billion yuan, up 152.1% year-on-year.
An unmanned aerial vehicle (UAV) loaded with fruit, operated by Pagoda, recently took off from Meituan's UAV delivery store in Longgang District, Shenzhen. It took only seven minutes for a chilled lychee 2 kilometers away to reach consumers from the completion of packing.
Chinese coffee chain Luckin Coffee released its audited financial statements for the 2021 fiscal year on Thursday. The report shows that the revenue of Luckin Coffee throughout the year was $1.25 billion, a year-on-year increase of 97.5%.
On November 8, XPeng Aeroht, a flying car company owned by XPeng, reached a strategic partnership with four banks which will jointly provide credit lines totaling 6 billion yuan ($827 million) to the company to support its R&D and manufacturing of flying cars.
Tencent has officially announced the company’s brand new mission and vision statement today through WeChat, adding on to its previously announced “tech for social good,” earlier in May.
Chinese electric vehicle maker BYD on April 3 said it has stopped production of vehicles powered by fossil fuels, now focusing exclusively on electric and hybrid cars.
Wang Chuanfu, Chairman and President of BYD announced on Tuesday that BYD aims to invest over 100 billion yuan to pioneer the development of new energy vehicles using advanced whole vehicle intelligence technology.
In the morning of May 20, one hour before the final episode of Game of Thrones was about to air in China, Tencent video announced an unexpected delay.