Snapshots of China’s Internet Sector in 2021
In December, people's social media was flooded with two explosive pieces of news: the massive layoffs within China’s Big Tech and the improvement of employees’ welfare.
12/20/20216 min read
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NIO Provides Subsidy of Up to $2824.2 for Delayed Orders
Chinese EV maker NIO said that it will compensate customers who had recently placed orders to a total amount of 18,000 yuan ($2824.20).
12/3/20212 min read
BOE to Supply 18 Million OLED Screens to Apple
Analysts at UBI Research pointed out in the latest report that BOE, the leading screen manufacturer in China, is expected to supply 18 million OLED screens to Apple this year.
11/24/20212 min read
Solend Users Vote for Proposal to Mitigate Liquidation Risk
Users of Solana-based borrowing and lending service Solend have voted in favor of a proposal aimed at mitigating risk imposed by a specific user with a big margin position on Solend.
IoT Logistics Firm G7 Raises $200M in New Funds
G7, a Chinese Internet of Things (IoT) technology company, announced on Tuesday that it has raised $200 million in a new funding round led by Trustbridge Partners and CMG-SDIC Capital, alongside previous investors.
2/15/20222 min read
Xpeng Founder He Xiaopeng Advocates for Focus on Efficiency, AI Integration, and Global Expansion for 2025
He Xiaopeng urged for shorter, more decisive meetings, early airline bookings, shared accommodation during work trips, and full use of AI tools to boost efficiency and cut costs.
Tesla to Add More Shifts to Increase Production of Shanghai Gigafactory
Tesla plans to add more shifts at its Shanghai Gigafactory from May 16, as it seeks to return production to levels before the city locked down to control the spread of COVID-19.
5/6/20222 min read
Baidu-Backed DeepWay Unveils Smart New Energy Heavy Duty Truck
DeepWay on Friday unveiled Xingtu, a smart new energy heavy duty truck with computing power of more than 500 TOPS and ultra-long-distance sensing capabilities of further than one kilometer.
9/18/20212 min read
Li Auto's AI Algorithms Team Leader to Leave Post
Simon Wang, the head of AI algorithms for intelligent driving and the chief scientist for AI at Li Auto, will leave his job in the near future. Wang is mainly responsible for the research and development of AI algorithms for applications such as intelligent driving perception and maps.
10/25/20223 min read
Freshippo's "Global Go" Business Undergoes Comprehensive Upgrade
On November 6th, Freshippo announced at the Import Expo that its "Global Go" business will be fully upgraded.
11/7/20233 min read
Electric Motorcycle Industry Gains Momentum as Covid-19 Reshapes People’s Thinking About Green Travel
The coronavirus outbreak this year has restricted, stagnated, and destructed various industries, but some remain unscathed and have even gained momentum.
Trip.com Group Opens 4.85% Higher on Hong Kong Trading Debut as China Anticipates Robust Rebound in Tourism
Shares of Chinese online travel company Trip.com Group climbed on the first day of trading in Hong Kong on Monday as the country looks forward to a strong recovery in travel during the upcoming Labor Day holiday.
4/19/20213 min read