China's FAW Denies Takeover of Didi
China FAW Group is reportedly considering acquiring a significant amount of shares in ride-hailing giant Didi. FAW has responded to domestic media, stating: "It's not true."
5/30/20222 min read
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Former Chairman of Luckin Coffee Charles Lu Enters Precooked Dishes Market
A-Bite Technology, founded by former chairman of Luckin Coffee Charles Lu, is incubating a new precooked dishes project called “A-Bite Workshop.”
Apple's OEM Pegatron Invests 400M Yuan in Chinese Mainland Factory
Pegatron, an Apple's original equipment manufacturer, announced today that its mainland subsidiary spent NT $1.14 billion (250 million yuan) to buy a factory in...
Chairman of Fuyao Glass Talks About American Factory
Recently, the hit documentary “American Factory” led to heated discussions about the differences in the corporate culture and management style in America and China.
Zeekr Provides Existing Users Free Upgrades to Qualcomm 8155 Smart Cockpit
Geely-backed intelligent electric vehicle brand Zeekr unveiled the Qualcomm Intelligent Cockpit 8155 computing platform on the evening of July 11.
7/12/20223 min read
Douyin's Game Platform, Momoyu, Will Cease Operations on March
The Momoyu gaming platform under Douyin announced that it will cease operations on March 29th, 2024.
Kuaishou Aims to Conquer U.S. Market with New App
Kuaishou, China's second-largest short-video startup, marched to the US market during the COVID-19 pandemic with its new app "Zynn".
6/1/20202 min read
Hesai Technology Begins Mass Production of Fourth-Gen LiDAR Chip Platform
Hesai Technology, a Chinese LiDAR manufacturer, announced the mass production of its fourth-generation chip architecture platform on February 26.
Tencent and Paytm to Invest Over $100 Million in Indian Streaming Service MX Player
Tencent, the company behind WeChat, China’s biggest social network, and India's leading mobile payment service company Paytm are planning to invest over $100 million in Indian video and audio streaming platform MX Player.
7/5/20192 min read
Marching Power Raises over $78 Million in C Round of Financing
Marching Power, a Chinese power chip design company, recently completed the C round of financing exceeding 500 million yuan ($78.51 million).
12/16/20213 min read
JD.com Unveils Third Quarter Results for 2021
JD.com announced its financial report for the third quarter of 2021 on Thursday. Its net revenue in this quarter was 218.7 billion yuan ($33.9 billion), a year-on-year increase of 25.5%.
11/18/20214 min read
Tencent Music Debuts IPO at NYSE
Tencent Music (TME), the music streaming subsidiary of the China tech giant Tencent Holdings Ltd., raised $1.1 billion in its U.S. initial public offering (IPO)...