August Wholesale MPVs Hit 93,000 Units in China, Up 6.8% YoY
93,000 multi-purpose vehicles (MPVs) were sold through wholesale in China in August this year, an increase of 15.5% month-on-month and 6.8% year-on-year.
9/22/20224 min read
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WeChat Search Upgraded to Compete With Baidu
Search engine has always been an intense battleground for all tech giants. On December 11, Tencent upgraded the search function on its most popular product WeChat.
Baidu Earns First Permit in China for Fully Driverless Road Tests in Beijing
Baidu Inc. on Dec. 4 was granted the first permit by the Beijing transportation authorities for five of its vehicles to conduct fully driverless road tests.
Tesla Launches Model Y — Shanghai Gigafactory to be Completed by the end of 2019
On March 15, Tesla launched its last piece of the Model series, the Model Y. It is more of an affordable version of Model 3.
Lei Jun: Xiaomi's High-end Smartphone to Take On Apple
Xiaomi's founder Lei Jun spoke to great fanfare that Xiaomi wants to learn from Apple and the iPhone, starting with the new Xiaomi 12.
12/22/20212 min read
DiDi Chuxing Introduces New Ride-Hailing, Logistics Services
Chinese ride-hailing giant Didi Chuxing (Didi) has launched Huaxiaozhu, a new economy ride-sharing service targeting younger users.
7/22/20202 min read
Hurun: Number of Unicorns Globally Up 24% to 1,312 in H1
The Hurun Research Institute released its Global Unicorn Index 2022 Half-Year Report on August 30, offering a ranking of the world’s startups founded since 2000 and worth at least $1 billion, although not yet listed on a public exchange.
BYD Launches ATTO 3 as Its First Passenger Car in Indian Market
Shenzhen-based new energy vehicle and battery giant BYD launched the ATTO 3, an electric SUV that is known as the Yuan Plus in China, as its first passenger car in the Indian market on October 11.
10/12/20223 min read
Chinese Flexible Display Firm Royole Reportedly Failed to Pay Wages for Six Months
Shenzhen-based rollable display developer Royole, which once had a valuation of more than 50 billion yuan ($7.8 billion), was reported to have a shortage of funds and faced arrears in its employees' salaries.
3/31/20223 min read
iPhone Annual Shipments May Drop up to 30% if Apple Bans WeChat Worldwide, Analyst says
US President Donald Trump’s WeChat ban may cause annual iPhone shipments to decline by up to 30%, Apple analyst Ming-Chi Kuo said in a report.
ByteDance Denies Shutting Down VR Business of PICO
PICO is currently operating normally, and ByteDance will also continue to invest in XR business for the long term.
China VC Weekly: Autonomous Driving, AR and Gaming
In last week’s VC news, General Motors invests in Chinese autonomous driving startup Momenta, Nreal raises new funds for international expansion, NetEase invests in game publisher Kepler Interactive.
9/28/20213 min read