Two New Money Market Funds Join Ant Financial's Yu'e Bao Platform
On May 3rd, Alipay announced the addition of two new money market funds to Yu’e Bao, the idle funds management platform within the Alipay app with the world's l...
5/4/20183 min read
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Vivo T2 Budget Smartphone Expected to Be Released Soon
Chinese smartphone brand vivo’s budget phone vivo T2 is found on the IMEI database on Monday, which indicates that the new series may be officially unveiled in the near future.
5/9/20222 min read
China VC Weekly: Ed-tech, Med-tech, Hospitality Tech and Xiaohongshu’s Possible Series E
Xiaohongshu's possible Series E, US-based food delivery company seeing a surge in contactless takeaway orders, a Chinese ed-tech startup providing online research counseling, a medical diagnostic company and a major local hotel chain.
3/21/20205 min read
Deep Blue Aerospace Completes China's First Kilometer-Level Rocket Launch and Landing Test
Deep Blue Aerospace, a Chinese commercial rocket company, announced on May 6 that its self-developed "Nebula-M1" test rocket had conducted a vertical takeoff, vertical landing (VTVL) test to an altitude of 1 kilometer.
5/9/20222 min read
Elon Musk Buys Chinese Ventilators to Support US COVID-19 Response
Elon Musk purchased 1255 FDA-approved ResMed, Philips & Medtronic ventilators from China and donated them to the state of California.
3/25/20202 min read
Li Auto's Expected Q3 Delivery Falls Over 5% to 25,500 Units
Chinese electric vehicle maker Li Auto now expects its deliveries for the third quarter of 2022 to total around 25,500 units, significantly lower than previous forecasts, the company stated on September 26.
9/27/20223 min read
AIMS Obtains Hundreds of Millions of Yuan in B-Round Financing from Sequoia China and CATL
AIMS, a smart manufacturing and industrial intelligence enterprise, has recently completed B-round financing worth several hundred million yuan.
1/7/20222 min read
Sunmei Partners With Tuya Smart, Meituan and Tencent Cloud
Sunmei, a Chinese hotel chain, announced a series of upgrades on July 7. It has reached strategic cooperation agreements with Tuya Smart, Meituan and Tencent to help achieve these upgrades.
Chinese Beverage Chain HeyTea Denies Rumors of Mass Layoffs
Chinese beverage chain HeyTea has denied a report on Wednesday that it has been carrying out major internal layoffs, claiming that its adjustment of a small number of employees is part of its normal business operations.
2/9/20223 min read
Li Auto Aims at Monthly Delivery of 40,000 EVs
Li Auto, a Chinese electric vehicle company, delivered 21,233 new cars in December of last year, an increase of 50.7% year-on-year. Now, the firm expects that the monthly delivery volumes in 2023 may hit 40,000 units.
1/5/20233 min read
Futu and UP Fintech to Remove Apps From Chinese App Store
On May 16, leading online brokers Futu Holdings and UP Fintech Holding Limited, known as “Tiger Brokers” in Asia, successively announced that their apps will be removed from app stores on the Chinese mainland.
5/16/20233 min read
Unmanned Industrial Vehicle Firm VisionNav Robotics Bags Several Hundred Million Yuan with ByteDance as Investor
VisionNav Robotics announced on Thursday the completion of a C-round of equity financing worth several hundred million yuan, with investors including ByteDance.
9/30/20212 min read