US Considers Ban on Chinese Silicon Chip Maker SMIC, Company’s Shares Plummet
Shares of China's largest silicon chip maker, SMIC, plummeted on Monday after Reuters reported that the US plans to blacklist the company.
9/7/20202 min read
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Tesla Sues Bingling Intelligent Technology, in Which Xiaomi Holds Shares
Recently, Tesla (Shanghai) has filed a high-profile lawsuit against Bingling Intelligent Technology (Changzhou), accusing it of infringing on Tesla's trade secrets and engaging in unfair competition. This case will be heard in the Shanghai Intellectual Property Court on October 10, 2023.
Tencent Releases Self-Developed Robot TRX-Hand
On April 25, Tencent's Robotics X lab announced the latest progress in robot research and launched a dexterous hand, TRX-Hand, and a mechanical arm, TRX-Arm.
4/25/20232 min read
Faraday Future Signs Joint Venture with Internet Firm The9
Chinese EV-startup Faraday Future and The9 Limited, an established Chinese internet company, formally signed a joint venture agreement on Mar. 24 to manufacture, market, distribute, and sell smart internet electric cars in China.
3/25/20192 min read
Meituan Co-founder and AI Startup Founder Wang Huiwen Steps Down Due to Health Issues
Wang Huiwen, the co-founder of Meituan, China's leading e-commerce platform for services, has stepped down from the company's board of directors due to health reasons.
Ant Group Receives Final Regulatory Approval for Gigantic IPO, Updates Prospectus
Ant Group on Oct. 21 received approval from the China Securities Regulatory Commission (CSRC) for its Shanghai IPO.
10/22/20202 min read
China’s VC Market is Dwindling, but Is It a Bad Thing?
After a record-setting 2018 that saw Chinese VCs ladle out cash to startups at mind-boggling valuations, current numbers spooked global investors, some of whom regard the diminished numbers as a sign of an imminent industry debacle.
1/1/20205 min read
Redmi Introduces K40 Gaming Enhanced Edition Phone with Dimensity 1200 Chipset
Redmi, Chinese technology giant Xiaomi’s sub-brand, on Wednesday launched its long-hyped K40 Gaming Enhanced Edition mobile phone, adding a new member to the company’s flagship K40 series.
4/28/20213 min read
League of Legends Developer Riot Games Agrees to Pay $100 Million Settlement in Gender Discrimination Lawsuit
Tencent-owned Riot Games announced on Monday that it is settling a 2018 gender-based discrimination class-action lawsuit with California state agencies and current and former female employees for $100 million.
12/29/20212 min read
Bilibili Responds to Member Privacy Concerns
A user of Chinese microblogging platform Weibo issued a post on Saturday, exposing a membership activity carried out by Bilibili that appeared to require participants to disclose their private details.
Redmi Launches Cheapest 5G Phone on the Market — Redmi K30 5G
After months of leaks and teasers, Xiaomi finally unveiled the new Redmi K30 5G. At 1999 yuan ($285), it is currently the cheapest 5G smartphone on the market.
12/10/20193 min read
Rotex Completes Round A Financing, to Develop Flexible Bioelectronic Technology Products
Rotex, a solution provider focusing on the development of flexible bioelectronic technology products, announced that it had completed an A round of financing worth tens of millions of yuan on Thursday.
1/13/20222 min read