Pinduoduo, China’s Facebook-Groupon Mashup, Files for $1B US IPO
Pinduoduo, one of China’s largest e-commerce unicorns, looks to raise around US$1 billion in its U.S. initial public offering (IPO), confirming a report publish...
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Meituan Invests in Sodium-Ion Battery Developer Chaona New Energy
Beijing-based life services e-commerce platform, Meituan, had one of its subsidiaries invested in Huzhou Chaona New Energy, with a shareholding ratio of 10%.
12/6/20223 min read
Former Sequoia China Executive Cao Xi Establishes Monolith Management With First Fund to Exceed $500 Million
Cao Xi, a former partner of Sequoia China, announced on Friday that he and Tim Wang, a former secondary market partner of Boyu Capital, will jointly establish Monolith Management, an investment management institution.
11/26/20212 min read
Ctrip Considers Delisting from Nasdaq
China’s largest online travel firm Ctrip.com is considering a delisting from Nasdaq due to the impact of COVID-19 and rising US-China tensions.
Beijing to Grant Parents Having a Third Child 30 Days of Maternity Leave
As regulated after May 31st, Beijing citizen who give birth to a third child will enjoy 30 days of maternity leave and 15 days of paternity leave.
8/5/20212 min read
CPCA: Retail Sales for Passenger Cars Decreases by 35.5% YoY in April
On Tuesday, the China Passenger Car Association (CPCA) released its National Passenger Car Market Analysis Report for the month of April.
Xiaomi Removes In-box Charger with Upcoming Mi 11
Xiaomi’s CEO Jun Lei officially disclosed the packaging of the Xiaomi Mi 11 Saturday and announced on Weibo the phone will not come with a charger in the box.
12/28/20203 min read
Xpeng Aeroht Secures $150 Million in Series B1 Financing
Xpeng Aeroht's first five generations of flying car products have successfully conducted nearly 20,000 flight tests, accumulating a wealth of flight data.
8/5/20242 min read
ByteDance's VR System Developer Pico Obtains VR Eye Tracking Patent
On July 26, Pico, a subsidiary of ByteDance, was granted a patent named "Eye Tracking Method and System Based on Virtual Reality", and its application date was March 30, 2021.
7/28/20222 min read
Does the Chinese National Football Team Really Have a Future?
The Chinese Men’s national football team ended their journey after a disappointing 0-3 loss against Iran in the 2019 Asian Cup. Even though Iran is one of the best teams in Asia, the Chinese were not happy with the game results.
1/31/20196 min read
Will the short Music Video be a flash in the pan?
In 2016, the most powerful social platform in China was undoubtedly the live broadcasting platform, but in 2017, it is short MV which has more trills and is thu...
OPPO Sets Up European HQ in Düsseldorf
Chinese smartphone-maker OPPO made its decision to continuously invest European market.
5/29/20202 min read