TRON CEO Justin Sun Blocked on Chinese Social Media Again
One day after TRON CEO Justin Sun’s account on Weibo was shut down on December 12, his newly opened account named Teacher Justin Sun was blocked again.
12/13/20193 min read
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Why Did NIO, XPeng and Li Auto Together Lose Nearly $1.38B in H1?
As of September 7, three leading Chinese new energy vehicle (NEV) enterprises, including NIO, XPeng Motors and Li Auto, had successively released their financial reports for the first half of 2022. The combined losses of three firms amounted to nearly 9.6 billion yuan ($1.38 billion).
9/9/20224 min read
Hefei JAC-NIO Manufacturing Plant Completes Staged Production Line Transformation
Chinese auto manufacturer JAC announced Friday that it has completed the phased production line transformation of its manufacturing facility in Hefei.
10/15/20213 min read
Kingsoft Cloud Applies for Dual Primary Hong Kong Listing
Kingsoft Cloud formally submitted an application on July 27 for a dual primary listing to the Hong Kong Stock Exchange (HKEx). The company expects to be dual-listed on the Nasdaq and the HKEx upon the completion of the listing.
7/28/20223 min read
Sources Denied RedNote's Alleged Introduction of State-Owned Investors for Listing
Rumors have circulated in the market about RedNote (known in Chinese as Xiaohongshu) introducing state-owned investors to accelerate its listing process, but according to internal sources, this claim is not true.
2/18/20252 min read
Robotic Ping Pong Server, Futuristic Keyboard, and Indoor Gardens - Maker Festival 2022
Welcome to the 2022 Taobao Maker Festival. This year is being held in Guangzhou, Guangdong Province, the heart of the Pearl River Delta. This year, we have mor...
9/9/20221 min read
Tesla Implements Price Reductions in China and the United States
In a bid to bolster its market position and appeal to consumers, Tesla has recently rolled out substantial price adjustments for its vehicle lineup in both China and the United States.
Snow Lake Capital, After Helping Expose Luckin Coffee’s Fraud, Now Praises Its Rebirth
On November 7, Sean Ma, the founder of Snow Lake Capital, a hedge fund that reportedly produced a damning 2020 short report on Luckin Coffee, released another research report claiming that "the rebirth of Luckin Coffee is a miracle in Chinese business history!"
11/8/20223 min read
The Richest Man in China Now Is No Longer Jack Ma
Just recently, Pony Ma surpassed Jack Ma as being China's richest man! According to Forbes recently updated real-time rankings statistics, Pony Ma's personal n...
ByteDance-Backed Feishu Confirms Head of Business Expansion in Japan
Last year, Qi Junyuan, the founder of collaboration and project management tool Teambition, joined ByteDance's office software platform Feishu and now has begun to take charge of the Japanese market for the company.
3/8/20233 min read
Geely to Issue 3.7 Billion Yuan in Stock to 10,000 Employees
Geely approved a share award plan for a total of up to 350 million shares and granted about 167 million shares to 10,884 incentive recipients under the plan.
8/31/20213 min read
Alibaba Withdraws From Youku, Subsidiary Quan Toodou Takes Over
Youku Information Technology (Beijing) Co., Ltd. made a registration change with the Industrial and Commercial Administration.