MiraclePlus Welcomes Investment from Sequoia, Former JD.com CEO After Y Combinator Exit
MiraclePlus RMB Fund I, L.P., recently completed a new round of funding, with Sequoia and former JD.com CEO Richard Liu among its investors.
6/17/20201 min read
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Alibaba adds $2 billion to Lazada investment
Alibaba Group announced today that it will invest another $2 billion in Lazada Group in an effort to accelerate its growth and deepen its integration with the A...
3/20/20183 min read
China Reports Over $10 Billion Esports Games Profit in First Half of 2020, Grows 54.7% YoY
During the annual China Digital Entertainment Expo & Conference (ChinaJoy) in Shanghai, China Game Industry Research Institute released its research report for China’s gaming industry from January to June of 2020.
8/7/20202 min read
XPeng Plans to Launch MPV, SUV and Modified Version of P7 in 2023
Chinese electric vehicle maker XPeng plans to launch three new models in 2023, namely, the modified version of the hot-selling model P7, an SUV model with internal code F30, and an MPV model with internal code H93.
12/14/20223 min read
Newly Established Phigent Robotics Bags Millions in Latest Financing
Established only two months ago, Phigent Robotics has completed rounds of financing worth tens of millions of dollars in angel and pre-A financing rounds.
10/22/20212 min read
MWC Shanghai 2019 Kicks Off, Showcasing Next-Generation 5G Interconnectivity
MWC Shanghai 2019 kicked off today with thousands of manufacturers gearing up to showcase their latest and most exciting technological breakthroughs.
Tencent Invests in Venture Capital Private Equity Company
On August 19, Dongguan Qingshuiwan Phase II Venture Capital Partnership (Limited Partnership) was formally established, the newest venture capital firm funded by Tencent.
8/23/20222 min read
China’s Long March-8 Rocket Successfully Makes its First Flight
China's new carrier rocket Long March 8 made its first flight on Tuesday at 12:37 p.m. (Beijing Time) from the Wenchang Spacecraft Launch Site in Hainan, sending five satellites into planned orbit.
12/22/20202 min read
Beijing Wants to See Steady Growth in Major Purchases Such as Automobiles and Home Appliances
China's State Council issued a policy package to help stabilize the economy and planned to see steady growth in major purchases such as automobiles and home appliances.
China to Cancel All International Tennis Tournaments in 2020
China has decided to call off several tennis competitions that are scheduled in October and November in various Chinese cities in 2020.
Didi Reportedly Suspends Preparations for Hong Kong IPO
The Cyberspace Administration of China on Friday informed executives of ride-hailing giant Didi Chuxing that its proposals to ensure security and prevent data leaks had fallen short of rectification requirements.
3/11/20222 min read
IMAX Signs Deal With Broadway Studios to Open Four New Theaters in Shanghai
Following the record-breaking box office earnings during the Spring Festival, IMAX’s Mainland China arm IMAX China and Broadway Studios have announced a new agreement.
3/10/20212 min read