Ant Group Refunds $2.8T to Shanghai Investors after IPO Suspension
Ant Group on the evening of Nov. 5, Beijing local time, announced to officially start to refund the $2.8 trillion on Nov. 6 to Shanghai investors
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China’s Rising Influence in International Sports Organizations
On September 25th, Chinese Athletics Association (CAA) Vice Director Wang Nan was elected a council member at the 52nd International Association of Athletics Federations (IAAF) congress in Doha. Although she is the first Asian woman for this position, she is not the first Chinese to occupy a key role in international sports organizations.
10/11/20196 min read
Newsletter: After Moon Landing China is Now Aiming for Mars 2020
Here's this week's roundup of China tech stories.
1/17/20193 min read
Geely Invests in Flying Taxi Company Volocopter
Chinese automotive company Geely led a Series C financing round of $55 million into German flying taxi company Volocopter.
9/9/20193 min read
Visual Perception Bug Found in Li Auto's L8 Pro
A Li Auto car owner in Shanghai claimed recently that when he was driving at night, the central control screen suddenly showed that a person was following directly behind the vehicle, but upon checking, he found that there was nothing.
1/16/20233 min read
Meituan Expects More Red Ink in 2021 Following Expansion of Community Group Buying Business
Chinese food delivery platform Meituan reported better-than-expected fourth quarter and full year revenues but warned that continued investment in its community group buying business would likely lead to losses in future quarters.
3/29/20213 min read
Canalys: Apple Back on Top in Global Wearable Wristband Market, Followed by Xiaomi and Huawei
The latest data from tech analysis firm Canalys shows that in the third quarter of 2021, the global shipment of wearable wristband devices reached 47.82 million units, down 11% year-on-year.
11/26/20212 min read
Luckin Coffee Updates $510 Million U.S. IPO
Luckin Coffee, the Starbucks challenger in China, is seeking to raise up to $510 million in the U.S. initial public offering (IPO).
5/7/20191 min read
Temu's GMV in the US Region Exceeds 20%, Expanding Business in Latin America and Southeast Asia
Temu's semi-hosted GMV in the US accounts for over 20% of the entire site.
9/30/20242 min read
Starbucks to Expand Footprint in China by Adding 600 Stores by 2021
Starbucks is planning to open 600 new stores in China next year, thus operating 6,000 stores across 230 cities by the end of 2022.
12/11/20203 min read
Forking VR Receives Tens of Millions of Yuan in New Investment
On August 15, Shanghai-based VR content production company Forking VR announced its completion of a pre-A round of financing totaling tens of millions of yuan, with investment from Sequoia China Seed Fund.
8/15/20222 min read
March Deliveries of Geely-Backed EV Firm Zeekr Slump to 1,795 Units
Zeekr, an all-electric vehicle brand operated by Chinese automaker Geely, announced on Friday that due to the pandemic and an ongoing shortage of computer chips, just 1,795 Zeekr 001 models were sold in March this year.
4/1/20222 min read