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Chinese EV maker BYD sold 641,400 new energy vehicles in the first half of 2022, up 315% year-on-year. BYD continues to maintain its leading position in the domestic EV market, and has surpassed Tesla to become the leading EV company by sales.
OFilm, a high-technology manufacturing and assembly company in China, on August 29 released its financial report for the first half of this year. Its net loss during the period was 870 million yuan ($125.8 million).
While Apple’s new iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max will not be available in stores until September 20, online pre-sales for the new handset have exceeded expectations by a landslide.
Chinese tech and Internet giant Baidu announced on November 22 its unaudited financial results for the third quarter ended September 30, 2022, beating market consensus, with Baidu Core's non-GAAP operating profit increasing by 14% year over year.
Zhao Changlong will replace Xu Jiayin as chairman, and will also be general manager of Hengda Real Estate Group, a key unit under China Evergrande Group.
Alipay has recently carried out a round of internal organization restructure where the search business is now an independent business division headed by Yuan Huaibin.
Musk predicted the success of Chinese car makers would significantly extend beyond their domestic market, stating that Chinese automakers would "demolish" most of the world's other car companies if there were no trade barriers.
Huawei and Xiaomi reach a global patent cross-licensing agreement, covering 5G communication technology.
The company will also consider cooperating with a local manufacturer to build a factory in Europe, but NIO first needs to increase its sales in Europe, says Li Bin.
This week: Blibili tests 'UPowerchain' to develop the metaverse, Huobi picks Singapore as its Asia base, Binance CEO is now the richest Chinese person in the world, and more.
Tesla announced better-than-expected first quarter results on Friday, with deliveries from its China operations playing a significant part in the mind-blowing figures.
Neil Shen, the founding and managing partner of Sequoia China, has been named this year's top investor in the 2023 Forbes Midas List. This marks his fourth time taking the top spot.