China Launches Five Satellites Aboard CERES-1 Y2 Commercial Rocket
China launched its CERES-1 Y2 carrier rocket designed for commercial use from the Jiuquan Satellite Launch Center in northwest China Tuesday.
12/8/20212 min read
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Xiaohongshu Denied IPO Speculation
Despite speculation from Chinese media outlets focusing on IPO news, Xiaohongshu has denied any immediate plans to go public.
As Chinese Tech Companies Rush to IPO, What Can Indian Unicorns Learn?
In 2018, a record number of Chinese companies listed on US exchanges. Investors the world over watched with intent as China’s economic transformation entered a new era. Chinese executives gleefully rang the opening bell at NYSE or NASDAQ on a seemingly constant basis.
China Strengthens Data Supervision of Car-hailing Platforms
China's Ministry of Transport issued a document on July 22 requiring the transportation authorities of all cities to collect license information of car-hailing companies and their vehicles and drivers for real-time sharing.
7/22/20222 min read
Alibaba Reveals Investment Details in Moonshot AI: $800 Million to Acquire 36% Stake
As of the fiscal year ending March 31, 2024, Alibaba invested a total of approximately $800 million to acquire about 36% equity stake in Moonshot AI as a preferred stock investment.
Former XPeng Assistant to CEO Joins Avatr
Li Pengcheng, the former assistant to the CEO of XPeng Motors, will join Avatr Technology after China's upcoming Spring Festival holiday.
1/13/20233 min read
EV Maker NIO Signs Strategic Cooperation Agreement with Chinese Retail Giant Suning
Leading domestic electric vehicle manufacturing NIO and retail giant Suning signed a strategic cooperation agreement on Aug. 5.
8/7/20202 min read
Xiaomi Opened Its First Store In Chile
The first Xiaomi physical store in Chile has opened in Santiago on April 27. The 250-square-meter place offers smartphones, wearable devices, smart home suppli...
4/28/20191 min read
Sunwoda to Spin Off Car Battery Business
Shenzhen-based battery firm Sunwoda reportedly launched a spin-off for its automotive power battery business at the end of 2021. Its subsidiary Sunwoda Electric Vehicle Battery Co., Ltd. (EVB) will be listed as an independent company.
6/21/20222 min read
Alibaba Transforms into a Dual Primary Listing in Hong Kong
On August 23, Alibaba declared its voluntary transition from a secondary to a primary listing on the Hong Kong Stock Exchange, effective from August 28, 2024.
8/23/20243 min read
DJI Releases First Independent Wireless Video Solution and Two Stabilizers
DJI, a Shenzhen-based civilian drone manufacturer, on Wednesday unveiled three new tools that it claims will enable filmmakers and the content creation community to easily bring their visions to life.
6/16/20223 min read
BYD Wins Qualification as Lithium Battery Material Producer in Chile
BYD announced that its Chilean subsidiary, BYD Chile SpA, has reached an agreement with Chilean governmental organization CORFO on lithium battery material production.
4/25/20232 min read