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Lightspeed China Partners announced on its official website that it had completed fundraising totaling $920 million, with a total fund size under management reaching $3 billion.
After Tmall, a Chinese e-commerce giant, welcomed Tesla, rival e-commerce platform JD.com also launched an official flagship store for the EV giant and attracted over 530K followers in only three days.
Polestar, an electric vehicle (EV) brand jointly backed by Geely and Volvo, launched a new concept convertible sports car called the Polestar O2.
Xiaomi announced a new round of organizational restructuring, involving the group's executives, smartphone department, China region and Internet business department.
Best Inc. plans to raise funds and reduce debts by selling a courier subsidiary. The company is negotiating with a financial adviser on a possible divestment and may seek to value the business at up to $1 billion.
To date, Apple and its global suppliers support more than 15 gigawatts of renewable energy capacity, with a significant portion of these projects based in China.
At the conclusion of last year’s international Dota tournament, Ti8, the venue location for Ti9 was announced. It was to be held: Shanghai, China.
Luckin Coffee is reportedly planning to enter the US market as early as next year, preparing to beat competitors like Starbucks with its low-priced drinks.
Universal Beijing Resort (UBR) started its 20-day trial operation on Wednesday, and announced the ticket prices for the theme park. Tickets will officially go on sale from September 14.
HoloMatic, an autonomous driving technology company in China, announced on November 11 that it had completed a C2 round of financing, led by GAC Capital and followed by Zhidu Investment and Chaos Investment.
Fabrie, an online collaboration tool for the global design market, has recently completed a pre-A+ round of financing, led jointly by CDH Investments and Sequoia China Seed Fund, followed by Volcanics Venture and BAI Capital.
On Tuesday evening, Luckin Coffee issued three announcements. The first was that the company had entered into a binding agreement to settle its US securities class action lawsuit with the lead plaintiffs.