The Extraordinary Rise of China’s Pet Industry
The death of a golden retriever named Siri was trending top on Chinese social media for days, arousing public concerns over pet-related services once again.
7/21/20216 min read
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Honeymoon between sharing-bicycle companies and traditional bike makers comes to an end
A year-long "honeymoon" between sharing-bicycle companies and traditional bike makers is likely to come to an end. In past one year, the three major bicycle fa...
iQIYI Announces Private Placement Financing of $285M
Chinese online video platform iQIYI announced on March 4 that the company has entered into subscription agreements with Baidu and a consortium of financial investors.
3/7/20222 min read
Shanghai Tesla Spontaneously Caught Fire Igniting Two Cars
Smoke rose from a Tesla. Six seconds later, flames spread from the burning car to ignite two cars in an underground parking lot in Shanghai on April 21.
Kai-Fu Lee's AI Model '01.AI API' Goes Online
On March 15th, it was reported that Kai-Fu Lee's 01.AI has recently launched its official API.
Dada Group Q3 2021 Earnings: Total Revenue Growth Accelerated to 86% YOY
Dada Group, China’s local on-demand delivery and retail platform, announced on Tuesday its unaudited financial results for the third quarter ended September 30, 2021.
11/24/20212 min read
Flexible Display Maker Royole Sees $5.3M in Assets Frozen
Former flexible display unicorn Royole Technology has recently been plunged into a new crisis, after 37 million yuan ($5.3 million) in assets were frozen by a local court.
9/8/20222 min read
ByteDance Launches Short Video-based Messaging App Duoshan
China’s tech unicorn ByteDance, today announced the launch of Duoshan, a video-based social messaging app in Beijing.
1/15/20192 min read
NIO Denies Rumors of 50% Layoffs
In response to a widely circulated screenshot online alleging that NIO is laying off 50% of its workforce, the company has officially refuted the rumor.
2/20/20252 min read
CATL Wins Battery Project Contract in Western Australia
The government of Western Australia signed a contract with China's CATL to supply batteries for the Kwinana Battery and Collie Battery project.
Danke Apartment to Become Listed on NYSE on January 17
The long-term rental service provider Danke Apartment updated its F-1 prospectus filed to the US SEC and it is expected to be listed on New York Stock Exchange with the ticker symbol “DNK”.
Tencent's PUBG Mobile Returns to the Top of Overseas Revenue Growth Chart
On April 13th, "PUBG Mobile" by Tencent regained its position at the top of the chart for overseas revenue growth.