Chinese AI Company Mobvoi Starts IPO Today and Is Expected to Go Public on April 24th
Chinese AI company Mobvoi starts IPO today and is expected to go public on April 24th.
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Xiaomi Rumored to Unveil First Foldable Phone in April, Mi 10S Confirmed to Launch on March 10
Chinese smartphone maker Xiaomi could be launching its first foldable smartphone this year, as part of the Mi MIX series, according to multiple sources.
3/8/20212 min read
Social Livestreaming Platform Bigo Live Removed From App Store
The social livestreaming platform, Bigo Live, has been removed from the App Store as of April 9. There has been no response from Bigo regarding the matter.
4/9/20232 min read
Pfizer's COVID Pill Paxlovid Price Soars Amid Skyrocketing Demand and Supply Shortages
Due to the rapid increase of COVID-19 infection cases in China, the demand for Pfizer's pill Paxlovid has also greatly increased. As the drug is being hyped by drug scalpers, the price of Paxlovid on third-party channels has climbed to tens of thousands of yuan, which is nearly six times more expensive than the normal price of 2,000 yuan ($287).
12/29/20223 min read
Shenzhen Municipal Government Helps Chinese E-Commerce Enterprises Cope with Amazon Bans
Shenzhen issued a notice on August 5 that it would provide preferential subsidies worth $309,000 for individual business ventures to help cross-border e-commerce enterprises cope with Amazon's recent suspending of accounts.
Smart Energy Firm Circue Bags Tens of Millions of Yuan in Round-A Funds
On August 15, Beijing-based Circue announced that it has completed round-A financing worth tens of millions of yuan.
8/15/20222 min read
BYD's Demand for Supplier Price Reduction Met with Backlash
A letter circulating on Chinese social media criticizes BYD Passenger Cars' request for a 10% cost reduction from its suppliers, arguing that this practice violates business ethics, potentially jeopardizing the long-term interests of the domestic automotive industry.
11/27/20242 min read
CATL Changes Co-President of Market Amid Slowing Demand for Batteries
The growth rate of electric vehicles in China has been decelerating, and the demand for battery power is lower than expected. CATL, a battery giant, is actively seeking new growth opportunities while pushing for cost reductions. A recent change in personnel is a clear indication of this effort.
3/24/20234 min read
01.AI Reveals Its ToB Solution Based on the Yi Model
01.AI made a high-profile disclosure of its ToB (To Business) solution based on the Yi model.
In Conversation With Tang Binsen of Chinese Beverage Giant Genki Forest: A Mogul, a Pirate, a Product Manager
Tang and his entrepreneurial story may someday become a classic case study taught in business schools. Whether about success or failure, it is certain to be extremely exciting.
11/23/202137 min read
Evergrande Auto's Hengchi 5 Starts Mass Production, To Deliver Next Month
Real estate developer Evergrande's automobile arm announced on September 16 that its Hengchi 5 model has started mass production in Tianjin and deliveries will begin in October. The new energy vehicle brand will also accelerate the development of other models.
9/16/20223 min read
BYD Yuan Plus to Be Released February 19
Electric vehicle maker BYD will release its new EV, the Yuan Plus, on February 19th. This is BYD's first pure electric SUV featuring the company's Platform 3.0.
2/15/20222 min read