Buffett Sells BYD H-shares Again
On June 26th, it was reported that Buffett sold 2.53 million BYD H-shares at a price of HKD 266.85 per share (USD 34), reducing his stake from 9.21% to 8.98%.
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China’s Xiaomi, Huawei and Tencent Named 2020 Derwent Top 100 Global Innovators
Chinese tech giants Xiaomi, Huawei and Tencent made the Derwent Top 100 Global Innovators 2020.
2/21/20201 min read
Insiders Deny ByteDance’s TikTok Has Reached 1B Worldwide Daily Active Users
It was reported that at about 17:31 on October 18, the global daily active users (DAU) of TikTok, a world-famous short video sharing app under ByteDance, exceeded 1 billion. Company insiders later responded that the news was untrue.
DJI Warning: All DJI-related Applications on Google Play Are Unofficial
On August 15th, DJI, the renowned drone manufacturer, recently announced that it has discovered some imitated DJI applications on Google Play. DJI officially stated that these apps were created by unauthorized individuals for fraudulent purposes.
Gearing up for a Big Leap, China Prepares to Launch Central Module of the Tiangong Space Station
China Manned Space Engineering Office announced that the construction of Tiangong space station has entered a new phase and it is ready to launch its central module.
3/4/20212 min read
Xiaomi Appoints Former Arcfox President as VP of Auto Business
Chinese consumer electronics giant Xiaomi on Friday appointed former BAIC executive Yu Liguo as vice president of Xiaomi Auto and political commissar for the venture's Beijing headquarters, according to an internal email.
1/17/20222 min read
Tesla China Raises Prices of Model S and Model X by $2,747
Tesla announced on May 5th that it would increase the prices of Model S and Model X by 19,000 yuan ($2,747) effective immediately in China. As a result, the starting price for Model S is now 808,900 yuan while the starting price for Model X is 898,900 yuan.
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
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