NIO Inc. Completes 700 Battery Swap Stations, Accomplishing 2021 Target Ahead of Schedule
NIO Inc. announced on Friday that the company has completed the construction of 700 battery swap stations.
12/10/20212 min read
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What Does Uber's IPO Mean for Didi? The War for Global Mobility Dominance
Almost three years after Didi emerged triumphant in the war for the Chinese market, the two ride-hailing companies have again clashed over emerging markets like Latin America. As Uber and Didi are at different stages in their development, with different strategies, the key question is: what's next in the race for global mobility domination?
Didi Prepares to Raise over $60B for 2021 Hong Kong IPO
China’s top ride-hailing firm Didi plans to raise $60-$80 billion for its initial public offering in Hong Kong in 2021 and is currently in contact with investment banks, including Goldman Sachs and JPMorgan Chase, according to LatePost.
Stay Patient, Stay Diverse: A Mobile Game's Road to Industry Legend
As the name suggests, Mobile Legends: Bang Bang has indeed become a legend in the mobile game industry five years after its launch.
Tencent Reportedly Gives Up Acquisition of Black Shark
News of Tencent's acquisition of Black Shark circulated in the market in January of this year, but the acquisition wasn't approved by relevant government departments, so Tencent has reportedly given it up.
5/12/20222 min read
Eileen Gu Ranks First in Top Ten World Athletes for 2022 from China's State Media, Surpassing Lionel Messi
On December 26, a state media outlet in China released its top ten world athletes of 2022. Eileen Gu, a US-born Chinese freestyle skier, beat Argentine professional footballer Lionel Messi, to win the top spot, which caused some doubt among Chinese netizens.
12/28/20223 min read
Allsaints Music Group Raises $60 Million in Series B1 Round
Hong Kong-based Allsaints Music Group announced on Tuesday that it had raised $60 million in a Series B1 round of financing. CMB International and OPPO led the round, followed by Xiaomi and Huiyou Capital.
8/24/20212 min read
As Zhang Yiming Leaves ByteDance’s Global Board, Liang Rubo and Eight Core Executives Step Forward
After more than nine years since founding ByteDance, Zhang Yiming has at last got his delayed satisfaction.
Robotics Firm Mooma Completes Pre-A Financing Round Led by Vitalbridge
Mooma AI Technology, a Shanghai-based industrial robotics startup, announced Thursday the completion of a pre-A round of financing worth tens of millions of yuan, following exclusive investment from Vitalbridge.
4/14/20222 min read
Alibaba: Average Daily Tax Exceeds 100M Yuan in 2017, Creates 33M Jobs
Alibaba recently released its 2017 data related to social responsibility. During 2017, Alibaba paid more than 100 million yuan per day in taxes, drove more than...
Chinese Delivery Giant Meituan Releases New Generation of Autonomous Delivery Vehicle
The next generation of autonomous delivery vehicles developed by Chinese shopping platform Meituan have been officially put into operation in Shunyi District, Beijing.
4/20/20213 min read
TuSimple Secures Extra $120 Million in Funding to Refine Driverless Trucks
San Diego-based self-driving truck startup TuSimple, announced on September 17 that its Series D round had secured an additional $120 million.
9/18/20192 min read