Haidilao Expects $600 Million Loss in 2021
Haidilao, a Chinese hot pot chain, announced Monday that it foresees a net loss of about 3.8 billion yuan ($600 million) to 4.5 billion yuan as of Dec. 31, 2021.
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Autonomous Driving Unicorn Pony.ai Reshuffles Truck Division; Key Team Leaders Leave
Chinese self-driving unicorn Pony.ai merged its self-driving truck R&D team into its passenger car R&D team.
11/9/20212 min read
Baidu Appoints Luo Rong, Former Executive of Tutoring Firm TAL as New CFO
Chinese internet and technology giant Baidu said on Monday that it has named Luo Rong, former chief financial officer (CFO) of tutoring firm TAL Education Group, as its new CFO.
11/2/20212 min read
Leapmotor Gets Green Light for Hong Kong IPO
The China Securities Regulatory Commission granted approval for Leapmotor to issue a maximum of 290 million overseas listed foreign shares. After this is completed, the EV maker can be listed on the main board of the HKEx.
8/22/20223 min read
California Police Deploy DJI Drones During COVID-19 Lockdown
Due to COVID-19 lockdown, the Chula Vista police department recently purchased an additional two drones from Shenzhen-based drone technology giant DJI.
Beijing Embroidery Digital Collection to Be Released Tuesday
A digital collection based on the Beijing Eight Palace Handicrafts will be jointly issued by Tencent and the Dongcheng District Bureau of Culture and Tourism on Lingxi, an NFT marketplace owned by Chinese e-commerce firm JD.com.
Ang Didi ay titigil sa mga operasyon sa Russia at Kazakhstan mula Marso 4
<p>Si Irina Guschina, direktor ng relasyon sa publiko para sa Russia at CIS sa Didi Taxi Convergence, ay nagsabi na ang kumpanya ay titigil sa operasyon sa Russia at Kazakhstan simula Marso 4 ngayong taon.</p>
2/22/20222 min read
Chinese Aerospace Firm Rocket Pi Bags Tens of Millions of Yuan in Pre-A Financing
Chinese startup Rocket Pi has secured tens of millions of yuan in pre-A round financing, led by Huagai Capital and followed by several famous angel investors in the hard technology field.
6/30/20223 min read
China VC Weekly: The ‘Interviewing Cloud,’ Cancer Therapy and Social Media Management
In last week’s VC news, Tiger Global led the latest round of financing for Karat, cancer therapy developer Anticancer Bioscience raked in over $10 million in its latest financing round, and more.
10/19/20215 min read
JD.COM Bans 87 Games, Including Animal Forest Friends Association and Call of Duty
These games will not be able to be sold in its online mall in the future. The move follows the recent regulations issued by the Chinese government.
9/3/20212 min read
JD.com Explores Mars Unmanned Rover Technology
The joint research center between JD.com and the Chongqing University of Posts and Telecommunications on future intelligent vision technology, put forward a fusion perception model based on vision and lidars.
12/22/20223 min read
Momo to Launch Content Sharing App Called Shumei, Targeting Younger Generations
Beijing-based social media platform Momo plans to launch an app named Shumei ("raspberry" in Chinese), which will capitalize on young people's sharing and recommending needs.
7/21/20213 min read