ByteDance Launches Short Video-based Messaging App Duoshan
China’s tech unicorn ByteDance, today announced the launch of Duoshan, a video-based social messaging app in Beijing.
1/15/20192 min read
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NIO Denies Rumors of 50% Layoffs
In response to a widely circulated screenshot online alleging that NIO is laying off 50% of its workforce, the company has officially refuted the rumor.
2/20/20252 min read
CATL Wins Battery Project Contract in Western Australia
The government of Western Australia signed a contract with China's CATL to supply batteries for the Kwinana Battery and Collie Battery project.
Danke Apartment to Become Listed on NYSE on January 17
The long-term rental service provider Danke Apartment updated its F-1 prospectus filed to the US SEC and it is expected to be listed on New York Stock Exchange with the ticker symbol “DNK”.
Tencent's PUBG Mobile Returns to the Top of Overseas Revenue Growth Chart
On April 13th, "PUBG Mobile" by Tencent regained its position at the top of the chart for overseas revenue growth.
Huawei Responds to Claim It Set Up Precision Manufacturing Company Worth Almost $100 Million: "We Don't Produce Chips"
Huawei has established the Huawei Precision Manufacturing Co., Ltd., with Li Jianguo as its legal representative and a registered capital of 600 million yuan ($94.17 million).
12/28/20212 min read
WeRide Receives $400M in Financing
Autonomous driving technology company WeRide has recently obtained more than $400 million in a new round of financing, and its valuation after the investment totals $4.4 billion.
3/24/20223 min read
Chinese Space Program Launches Zhongxing-2E Satellite from Xichang Facility in Sichuan Province
At thirty minutes past midnight in the early hours of Friday, China added another active component to its expanding line of satellites orbiting the earth with the successful launch of its Zhongxing-2E mission.
8/6/20213 min read
Is 996 Truly a Blessing? Let's Hear What Richard Liu and Jack Ma Have to Say
“Those who fool around all day long are not my brothers! I am responsible for the 180,000 families behind the 180,000 brothers. So I cannot cover for those one percent who fool around, I have no choice!"
Sequoia China's Neil Shen Ranks First Among Forbes China Investors List
On Tuesday, Forbes released The Midas List of the top-performing investors from around the World in 2022. Neil Shen, the founding and managing partner of Sequoia China, ranked third in the world.
4/13/20223 min read
Huawei might find its way around US sanctions thanks to Hisilicon
On Wednesday, the U.S. Department of Commerce restricted Huawei's access to American technology, banning the company from buying U.S. technology without special approval.
5/17/20192 min read
Geely to Set Up New Electric Vehicle Sales Unit: Report
China’s Zhejiang Geely Holding Group plans to set up a separate unit to explore marketing and sales of electric cars, Reuters reported citing people familiar with the matter.
2/20/20212 min read