China E-Commerce Platforms’ Sales Surge on Singles’ Day
China’s e-commerce platforms disclosed their Double 11 shopping festival performance and all set new records.
11/12/20202 min read
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China VC Weekly: Big Week for Robots and China’s Instagram
In last week’s VC news, several prominent Chinese robotics companies raised considerable E-Finance rounds from investors, and more.
11/17/202110 min read
Four-Wheel Drive Version of Huawei AITO M7 Enters China's MIIT Declaration List
According to a list released by China's Ministry of Industry and Information Technology last Thursday, Huawei's vehicle making partner Sokon added a new four-wheel-drive version to its new model AITO M7.
5/16/20222 min read
Leaked Photo Shows BYD's New Off-Road Vehicle
A photo of the interior of BYD's new high-end off-road vehicle was recently exposed on the Chinese web, appearing different from the models currently sold by the firm.
8/10/20222 min read
Two ByteDance Employees Sentenced for Bribery and Promoting Certain Content on Douyin "Hot List"
On November 26, a judgment published on the website China Judgments Online showed that two employees of ByteDance were sentenced for bribery in the first trial court of Haidian District People's Court of Beijing.
China’s Leading Medical Supply Firm’s Ad Accused of Sexism
A controversial advertisement for makeup removal wipes went viral this week as it aroused hot debate over claims it rationalizes the devilry of sexual assault.
1/12/20213 min read
InsurTech Startup Waterdrop Set For US IPO, Latest Valuation Hitting Tens of Billions of Dollars
Leading online InsurTech company Waterdrop Inc. is reported to be in full preparation for a U.S. initial public offering (IPO) in the next quarter.
What’s Behind Pinduoduo’s Ownership Change
Colin Zheng Huang, the founder of Chinese e-commerce giant Pinduoduo (PDD), has stepped down as CEO and reduced his stake in Pinduoduo stock to 29.4% from 43.3%.
Cisco Rumored To Layoff Workers In Shanghai
Cisco, the American internet giant, is rumored to be laying off workers in its Chinese branch. According to insiders, “Right now there have been layoffs in Shanghai department.”
Geely Plans New Energy Vehicle Project in Haikou
The High Technology Industry Development Zone in Haikou, China's Hainan Province, signed a cooperation agreement on Wednesday with Geely Commercial Vehicle Group, planning to build a new energy vehicle project in the zone.
6/10/20222 min read
ByteDance's New Large Model, Doubao, Delivers Stellar Performance
Doubao made substantial strides in code capabilities, improving by around 50% compared to the previous generation model on the HumanEval and MBPP evaluation sets.
5/24/20242 min read
RoboSense and WeRide Reach Strategic Cooperation
Intelligent lidar firm RoboSense and WeRide, an L4 autonomous driving tech firm, announced a new strategic cooperation agreement on Friday.
6/13/20222 min read