Uber Seeks to Sell Part of $6.3 Billion Stake in Didi Chuxing
Leading ride-hailing company Uber Technologies Inc. is seeking to sell part of its $6.3 billion stake in Didi Chuxing, Bloomberg reported.
9/18/20202 min read
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Jack Ma Has Recently Been Teaching at A University in Tokyo
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.
CATL Annual Revenue Breaks $43B Mark for First Time
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.
Pagoda and Meituan Jointly Explore UAV Delivery of Fresh Fruit
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.
Luckin Coffee Greatly Reduces Operating Losses in Fiscal Year 2021
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%.
4/14/20222 min read
Tencent Renews Company Mission and Vision — User-Centered and Tech for Social Good
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.
11/11/20193 min read
XPeng Aeroht Obtains $827M Bank Credit to Research Flying Cars
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.
11/9/20223 min read
BYD Stops Producing Fossil-Fuel Vehicles
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.
4/6/20222 min read
BYD Announces Major Investment Plans in Intelligent Vehicles
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.
1/17/20242 min read
Tencent delays the Game of Thrones Finale in China, Fans are Furious
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.
5/22/20192 min read
Tencent's Honor of Kings Sees New Credit Score Restrictions
According to an announcement on Thursday by Tencent Games Credit, the company's official WeChat account, "the Honor of Kings" officially instantiated a credit threshold on the platform.
1/6/20222 min read
NIO Officially Forms Large Model Team to Accelerate the Landing of Urban NOA
NIO has recently completed the restructuring of its R＆D department, and will gradually transition to an end-to-end large model paradigm in the future, using deep neural network technology to achieve advanced intelligent driving.