Li Auto Ventures into the Autonomous Truck Industry
Li Auto plans to enter the field of autonomous driving trucks.
9/8/20235 min read
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Alibaba's Cainiao Withdraws IPO Application and Sells Shares to Alibaba Group
Cainiao has withdrawn its IPO application, and plans to sell all its issued shares to Alibaba Group at a price of up to 3.75 billion USD
Utopia Labs Announces $23M Series A Financing led by Paradigm
Utopia Labs, a payroll and expense management system built to integrate directly with multisig crypto wallets, announced on May 29 that it had closed a $23 million Series A funding round led by Paradigm.
6/1/20222 min read
Geely Invests in Semiconductor Firm Jingneng Microelectronics
Maijie Investment, a subsidiary of Chinese automaker Geely, added a new entity to its portfolio on Monday. The recent addition is Zhejiang Jingneng Microelectronics.
6/21/20222 min read
TikTok Is Testing Local Lifestyle Services in Indonesia and Thailand
TikTok is testing its local lifestyle business overseas, with the first stop being Southeast Asia. Currently, the business has launched in Indonesia and Thailand.
Shares of Xpeng Rise 1.8% in Hong Kong Dual Primary Listing Debut
Xpeng’s shares rose 1.8% at the opening of trading to reach 168 Hong Kong dollars a piece, as the company carried out a dual primary listing on the Hong Kong Stock Exchange.
Geely in Talks to Sell Zeekr EVs at Home Appliance Giant Haier's Stores: Report
Geely Automobile Holdings is in talks with home appliance manufacturer Haier Group to sell the first model of its new electric vehicle (EV) brand at the latter's stores, according to Chinese media.
Alibaba Enters Exclusive Partnership With Salesforce Amid Trade War
Salesforce announced on July 24 that Chinese e-commerce giant Alibaba is now the exclusive cloud services provider for the American Customer Relationship Management (CRM) service provider in Greater China.
7/25/20192 min read
Tencent Responds to Hacking of Many QQ Accounts
Many users of QQ, a Chinese instant messaging software owned by Tencent, claimed on Sunday night that their accounts had been hacked. The app's official team responded on Monday.
The New Social App Chat Bao — It's All about the Money Money Money
Download the app, and you can win a flight!
1/18/20195 min read
Luckin Coffee to Pay $180M Penalty in Settlement with SEC
On Dec. 16, the SEC announced that the accounting-fraudulent Luckin Coffee Inc. agreed to pay a $180 million penalty for previous charges concerning the company’s fabricated transactions.
12/17/20202 min read
COVID-19 Takes a Toll on China’s Beer Industry, but There Is Still Hope
On May 7, Budweiser Asia Pacific announced its unaudited Q1 2020 financial results. The company’s revenue in Q1 fell by 39%, while its revenue in the Chinese market fell by as much as 45.4%.
5/15/20204 min read