Temu Blazes E-Commerce Trail With Super Bowl Debut, Canada Expansion
E-commerce platform Temu (pronounced tee-moo) made a big splash at this year's Super Bowl with its commercial, "Shop Like a Billionaire."
2/13/20233 min read
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As Recruitment Declines, China’s Internet Giants Learn to Slow Down
“There are two 18-year-olds, one in China, the other in the United States, both poor and short on prospects. You have to pick the one with the better chance at upward mobility. Which would you choose?”
Innovation Union Completes Round-A+ Financing From Plum Ventures
Innovation Union, an industrial internet technology services platform, has recently secured tens of millions of yuan in a round A+ of financing from Plum Ventures.
4/20/20222 min read
Geely's Volvo Recalls Plug-In Hybrid Cars in China Due to Battery Problems
On September 30, two subsidiaries of Geely’s Volvo Cars and Zhejiang Haoqing Automotive Manufacturing Co., Ltd., an automobile manufacturing company that produces Volvo cars, issued a recall plan in China.
10/13/20223 min read
Chinese Commercial Aerospace Firm GalaxySpace Bags New Round of Financing
Beijing-based commercial aerospace firm GalaxySpace announced on September 7 that it has completed a new round of financing, bringing it to a post-investment valuation of about 11 billion yuan ($1.58 billion).
9/7/20222 min read
Autowise.ai Bags B2 Round of Financing Worth Nearly $30M
Autonomous driving startup Autowise.ai has announced its completion of a B2 round of financing totaling 200 million yuan ($29.8 million).
7/11/20222 min read
China Launches Crewed Shenzhou-14 Mission to Complete Space Station Construction
China launched crewed spaceship Shenzhou-14 on June 5, sending three astronauts to its space station for a six-month mission.
6/6/20222 min read
Kia China Executive: Will Not Withdraw from China
Recently, Kia China's COO stated during a media briefing after the Kia EV5 static evaluation event that it is impossible for Kia to withdraw from the Chinese market.
10/30/20235 min read
Vivo Showcases Four 6G Prototypes
On July 27, Chinese tech firm vivo's Communications Research Institute released its third 6G white paper titled "6G Services, Capabilities and Enabling Technologies". It also showed four 6G technology prototypes and their current status.
Quad Camera and Cheap 5G: Redmi Note 9 Trio Becomes Available in China
Months after Xiaomi launched its Redmi Note 9 series overseas, the budget-friendly smartphone is now available to Chinese users.
11/30/20202 min read
Hello Inc. Launches New Flagship Electric Two-Wheelers ME70, Battery Life of up to 200 Kilometers
Hello Inc. launched a new smart flagship electric two-wheelers, the ME70, on Tuesday, powered by a 72V-44Ah automotive-grade lithium battery from CATL, and has a range of up to 200 kilometers.
China Positioned to Lead the World in Electric Autos
A BYD Tang was sighted in the parking lot of Chrysler's headquarters in Auburn Hills, Michigan in June. Chrysler purchased the vehicle as a reference for its fo...