Ofo to Lay Off 70% of U.S. Workforce and Shut Down Operations in Multiple U.S. Cities
The Chinese bike-sharing startup ofo confirmed with Quartz that the company is laying off employees in its North American marketing, communications, and enginee...
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Chinese Smartphone Maker Vivo Announces Global Launch of X70 Series
Chinese smartphone maker Vivo on Friday officially debuted its X70 series of professional photography flagship smartphones, starting in several markets around the world.
9/10/20213 min read
New Oriental Upgrades College Student Business under the Pressure of Double Reduction Policy
On September 25th, Chinese tutoring giant New Oriental held a press conference, saying that it will completely overhaul its existing projects offered to college students.
9/26/20213 min read
NIO Withdraws From Joint Venture With GAC Group
On August 23, HYCAN Automotive Technology Co., Ltd. made a change to its registration with China's State Administration for Industry and Commerce, showing that NIO has withdrawn from the list of shareholders.
8/25/20222 min read
UGREEN Gearing Up for IPO on ChiNext
UGREEN, a Shenzhen-based consumer electronics company, submitted a prospectus to the Shenzhen Stock Exchange on June 2 as it plans to carry out an IPO on the ChiNext.
6/6/20223 min read
Xiaomi Civi Launches, Starting from $402: A Lightweight Phone for Younger Generation
Chinese electronics firm Xiaomi released its Civi smartphone series on Monday. The series' design team has paid more attention to the products' appearance and imaging, which tend to attract young people the most.
9/28/20212 min read
Meituan Share Price Falls 7% Ahead of Unaudited Quarterly Financial Report Release
Chinese e-commerce giant Meituan on Nov. 30 released its unaudited financial results for the third quarter of 2020 ended Sept. 30, with share price falling about 7% in Hong Kong before its third-quarter results were published.
12/1/20203 min read
Standard Robots Completes Pre-C Round of Financing Worth Several Hundred Million Yuan, Past Shareholder Source Code Capital Joins Investment
Chinese industrial flexible logistics services provider Standard Robots recently completed a Pre-C round of financing totaling several hundred million yuan, led by Broad Vision Funds and followed by NIO Capital.
1/4/20222 min read
Waterdrop Raises $230M in Series D Round
This is arguably the world’s largest financing round in the online InsurTech industry so far this year.
8/21/20202 min read
BYD Sealion 07 DM-i Debuts with the Lingyuan Onboard Drone System
On March 2nd, the BYD Sealion 07 DM-i Intelligent Driving Edition made its global debut, featuring the BYD Lingyuan intelligent in-car drone system for the first time.
The Real Threat of Artificial Intelligence
BEIJING — What worries you about the coming world of artificial intelligence? Too often the answer to this question resembles the plot of a sci-fi thriller. ...
Tesla Gigafactory Shanghai Officially Produces the 1 Millionth Model Y
On July 13th, it was reported that several automotive bloggers recently announced that the Tesla Gigafactory Shanghai has produced its one millionth Model Y.