Alibaba's Taobao Marks Banner Year of Philanthropy Efforts
Tech giant Alibaba announced a banner year of philanthropy efforts by its e-commerce subsidiary Taobao in 2018.
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Newsletter: What Killed ofo — The Fall of a Unicorn
Here is this week's roundup of China tech stories.
OnePlus Ace 3 Starts at $366, A New Benchmark for Performance Smartphones
On January 4, 2024, OnePlus officially released the Ace series' new product - OnePlus Ace 3. As the flagship device for the beginning of 2024, OnePlus Ace 3 boasts fully maximized performance, an unprecedented flagship experience, and a design that exceeds expectations.
1/4/20247 min read
5G Network in Development for Beijing Winter Olympics 2022
On Dec. 26, exactly one year after China Unicom became the official telecommunication services partner of the 2022 Winter Olympic and Paralympic Games in Beijing, the company held a launch event entitled “5G enabling smart Winter Olympics”.
12/29/20182 min read
Pinduoduo Sees Increasing Revenues and Active Users in Third-Quarter Financial Report
Chinese e-commerce platform Pinduoduo Inc. saw increases in revenues and active users in its unaudited financial results for the third quarter ending Sept. 30, 2020.
11/12/20203 min read
Chinese Tea Chain Mixue Enters South Korea and Japan
Mixue, a Chinese tea-based beverages brand that is set to list on the main board of the Shenzhen Stock Exchange, has recently entered the South Korean and Japanese markets.
12/5/20224 min read
Gree's Third-Quarter Net Profit and Operating Income Falls More Than 15%
China’s Electric Appliance Giant Gree announced its results in the first three quarters of 2021 on Tuesday. The report shows that the company achieved operating income of $7.4 billion in the third quarter, down 16.5% year-on-year.
10/27/20213 min read
China VC Weekly: Semiconductors, Auto Solutions and More
In last week’s China VC news, Moore Threads raked in a mind-boggling pre-A round just 100 days after its founding, ECARX raised $200 million and Ocean Link secured commitments for a new fund.
3/2/20213 min read
Sept Delivery of Tesla's Shanghai Gigafactory Exceeded 83K Units
Cui Dongshu, Secretary General of the China Passenger Car Association said on October 9 that domestic sales of new energy vehicles remained strong in September. During the month, Tesla's Shanghai Gigafactory delivered more than 83,000 vehicles.
Tesla Cuts Price of Model 3 and Y in China, Announces Price of Model S and X
On January 6, the starting prices of Tesla's Model 3 and Model Y in China dropped to 229,900 yuan ($33,458) and 259,900 yuan ($37,825) respectively, the lowest prices ever for both vehicles, with an estimated delivery period of one to four weeks.
Seres Group Plans to Introduce Chongqing State Assets, Acquiring 100% Equity in AITO Automotive Factory Service Provider
Seres Group believes this move will optimize the company's governance structure and underscore the crucial support state-owned capital provides to new energy vehicle enterprises in Chongqing.
4/30/20242 min read
The Autonomous Driving Company TuSimple Has Launched A New Brand 'CreateAI'
On December 19, the autonomous driving company TuSimple announced the launch of its new brand CreateAI and released several advancements in the field of generative AI.