
China VC Weekly: $7M for Nothing, K12 EdTech Financing and More
OnePlus co-founder Carl Pei on Jan. 27 announced the establishment of his London-based new consumer technology startup Nothing, which obtained $7 million in fresh capital last December.
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OnePlus co-founder Carl Pei on Jan. 27 announced the establishment of his London-based new consumer technology startup Nothing, which obtained $7 million in fresh capital last December.
3D sensor computer chip firm Adaps Photonics announced on Monday that it has completed C-round financing worth several hundred million yuan, with Meituan’s Long-Z Investments as the lead investor.
Chinese e-commerce company JD.com will attempt to develop a food delivery business. Under the arrangement, merchants will operate through the JD Daojia app.
ATRenew, the operator of China’s top consumer electronics transactions and services platform, on Tuesday delivered a three-month profit record, in which it posted $11.5 million in adjusted operating profit for the fourth quarter, a new quarterly record.
Alibaba has cut a total of 619,944 tons of carbon emissions by changing its energy mix to include more clean sources in FY2022 (ended March 2022), according to the company's ESG report published on August 29.
The third batch of e-CNY pilot areas in China is reported to be unveiled soon. Tianjin, Hangzhou, Zhejiang Province, and Fuzhou, Fujian Province are expected to be selected.
Chinese online travel agency (OTA) Tongcheng-Elong has partnered with Kuaishou, a short video sharing and social network platform.
On Oct. 30, Bilibili Gaming (BLG) held a grand opening of its headquarters in Hangzhou Future Science Town.
The Xiaomi 11 smartphone series released in 2020 aroused widespread discussions on September 21, as an online topic reading "users defend rights after repeated exposure of quality problems with Xiaomi 11 series" appeared on the top trends lists on Chinese social media platforms.
Evergrande New Energy Vehicle Investment Holding Group Co., Ltd., an automobile business arm of Evergrande, recently added new information regarding its listing as a judgment debtor.
Chinese automobile and battery manufacturer BYD signed an order with Nobina, the largest public transport operator in Scandinavia, for 70 buses.
After opening more than 20,000 stores in China, Mixue, a Chinese tea-based beverages brand, has been gradually investing more resources in its overseas market expansion. Recently, its first store in Australia opened in Sydney.