China’s R&D Expenditures Hit New High Amid Global Uncertainty
China's spending on research and development (R&D) hit a record high at 2.23% of its gross domestic product (GDP) in 2019, up by 0.09% from the previous year.
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Pinduoduo Partners with Fertilizer Giant to Kick Off Horticulture Fad
PDD jumped onto the bandwagon and partnered with Chinese integrated agricultural service giant Stanley Agriculture at the beginning of 2021.
2/3/20212 min read
Meituan-Dianping Announce Strong Q3 2019 Results, Bet on New Business Pays off
Meituan-Dianping’s quarterly revenue reached 27.5 billion yuan ($3.9 billion), while the total transaction amount increased by 33.6% year-on-year to 194.6 billion yuan ($27.5 billion).
11/22/20193 min read
JD.com Releases Winter Sports in China Consumption Report
The research organ operated by leading Chinese e-commerce giant JD.com released a report on Friday offering insight into winter sports consumption in China.
2/11/20223 min read
Chinese Biotech Firm Biocytogen Bags Tens of Millions of Dollars in Funding
Biocytogen, an emerging pharmaceutical technology company, announced today that it has completed a new round of funding worth tens of millions of dollars, jointly led by Lake Bleu Capital, China Pinnacle Equity Management, Octagon Capital and OrbiMed.
6/22/20212 min read
California Governor Visits Tesla's Shanghai Gigafactory
On October 29th, Governor Gavin Newsom of California, who is currently visiting China, visited the Tesla Gigafactory in Shanghai.
XPeng Motors Expands Robotaxi Team, Hiring Positions with Annual Salaries Close to A Million
XPeng Motors is actively expanding its Robotaxi team, currently recruiting for multiple positions with high salaries, with the highest annual salary approaching one million yuan.
Xiaomi CEO Lei Jun Thanks Competitor Huawei for Advancing Chinese Tech
Lei Jun, founder and CEO of Xiaomi, thanked his competitor Huawei for being part of the advancement of Chinese innovation.
11/6/20193 min read
Taichi Graphics Completes A-Round Financing of $50 Million
Taichi Graphics, an open-source graphics infrastructure and digital content creation cloud platform, announced on Monday that it has completed A-round financing totaling $50 million.
2/7/20222 min read
Hong Kong Film “Better Days” Nominated for Oscar
Directed by Derek Tsang, the youth melodrama film “Better Days“ (2019) landed a nomination for Best International Feature at the 93rd Academy Awards.
3/16/20214 min read
EV Maker NIO’s Q1 Results Show Narrowed Losses, Eyeing Secondary Listing
Though influenced by the COVID-19 pandemic, NIO's losses are narrowing. What's more, NIO has reached agreements with investors for investment in China.
5/29/20202 min read
What to Expect at 2019 Consumer Electronics Show Asia
The 2019 Consumer Electronics Show Asia will kick off in Shanghai from June 11 to June 13 at the Shanghai New International Expo Center. This time the exhibition will focus on fields such as virtual reality, robots, 5G, IoT and car technologies.