Xiaomi Announces New Round of Organizational Restructuring
Xiaomi announced a new round of organizational restructuring, involving the group's executives, smartphone department, China region and Internet business department.
11/26/20212 min read
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Best Inc. to Sell Courier Division to Help Reduce Debt
Best Inc. plans to raise funds and reduce debts by selling a courier subsidiary. The company is negotiating with a financial adviser on a possible divestment and may seek to value the business at up to $1 billion.
9/24/20213 min read
Apple CEO Tim Cook Highlights Partnership in Sustainability Goals at China Forum
To date, Apple and its global suppliers support more than 15 gigawatts of renewable energy capacity, with a significant portion of these projects based in China.
Dota 2 May Become Major Driver of E-Sports in China
At the conclusion of last year’s international Dota tournament, Ti8, the venue location for Ti9 was announced. It was to be held: Shanghai, China.
Luckin Coffee Eyes for the US Market, Accelerating Its International Expansion
Luckin Coffee is reportedly planning to enter the US market as early as next year, preparing to beat competitors like Starbucks with its low-priced drinks.
10/29/20242 min read
Universal Beijing Resort Announces Ticket Prices, Lowest Price is 418 Yuan
Universal Beijing Resort (UBR) started its 20-day trial operation on Wednesday, and announced the ticket prices for the theme park. Tickets will officially go on sale from September 14.
9/2/20212 min read
Automated Driving Startup HoloMatic Secures C2 Round of Financing
HoloMatic, an autonomous driving technology company in China, announced on November 11 that it had completed a C2 round of financing, led by GAC Capital and followed by Zhidu Investment and Chaos Investment.
11/11/20224 min read
Online Collaboration Platform Fabrie Secures Pre-A+ Round of Financing
Fabrie, an online collaboration tool for the global design market, has recently completed a pre-A+ round of financing, led jointly by CDH Investments and Sequoia China Seed Fund, followed by Volcanics Venture and BAI Capital.
Luckin Coffee Resolves All Claims In Securities Class Action; Files 2020 Financial Report
On Tuesday evening, Luckin Coffee issued three announcements. The first was that the company had entered into a binding agreement to settle its US securities class action lawsuit with the lead plaintiffs.
9/22/20213 min read
Newsletter: Seeking More than Money-Next Generation Rises in the Internet Era
Here is this week's roundup of China tech and innovation stories. In the booming Internet era, while multinationals feature decent salary, bonuses and a matu...
6/28/20184 min read
Chinese Central Bank Official Calls for Greater International Oversight of Digital Currencies
An official at the People’s Bank of China (PBOC), China’s top monetary authority, has called for more robust international management of state-backed digital currencies.
3/29/20213 min read
Tesla Model 3 Involved in Accident Due to Failed AutoPilot
A Tesla Model 3 crashed in China after its Autopilot system failed to respond to a blockage on the far right side of the road on September 18. No injuries were reported.