Richard Li-Backed Insurer FWD Group Reattempts Hong Kong IPO
On March 13, FWD Group, the Hong Kong-based insurer backed by tycoon Richard Li Tzar-kai, resubmitted its application to be listed on the Hong Kong Stock Exchange.
3/14/20233 min read
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AR Tech Firm Nreal Bags $15M in New Funds
Nreal, an augmented reality technology startup, announced on August 25 that it has received strategic investment of $15 million from IICOMBINED, the parent company of South Korean sunglasses brand Gentle Monster.
8/26/20223 min read
Acquisition of Baike.com Puts ByteDance on par With Rival Baidu
ByteDance has completed the acquisition of Baike.com, an encyclopedia service provider and rival to Baidu's similar services.
9/9/20192 min read
Tencent to Distribute JD.com Stake to Shareholders, Martin Lau Resigns as JD.com Director
Chinese internet giant Tencent on Thursday announced that it will distribute about 460 million shares of China's largest retailer JD.com to shareholders in the form of interim dividends.
12/23/20212 min read
BYD 'Explorer No.1' Arrives in Europe, Heading to the UK and the Netherlands to Unload Vehicles
On August 15, BYD's 'Explorer No.1' arrived in Spain, and will continue to sail to the UK, the Netherlands, and other countries to unload vehicles.
8/19/20242 min read
Alibaba DAMO Academy Creates World's Largest AI Pre-Training Model, With Parameters Far Exceeding Google and Microsoft
On Monday, the Alibaba DAMO Academy announced the latest development of a multi-modal large model M6, whose parameters have jumped from 1 trillion to 10 trillion.
11/8/20212 min read
Geely-Backed EV Firm Maple Launches First Battery-Swapping Model
A joint venture called Maple, established by automakers Geely and Lifan, released its first smart battery-swappable electric car and named it "Maple 60S." The new model is expected to officially enter the market in February, 2022.
1/20/20222 min read
Miniso Releases New Brand Strategy Amid Record High Gross Margin
On the 10th anniversary of its founding, Miniso, a Chinese discount retailer of lifestyle and household goods, announced its updated global brand strategy.
Taobao Opens Class to Help Chinese Elderly Better at E-Commerce
Taobao started its senior's programme named “Taobao College for Seniors” on Monday in Hangzhou, headquarter of the e-commerce giant. SEE ALSO: Alibaba’s Wors...
China Esports Weekly: OPPO Signs Two-Year Strategic Partnership With TJ Sports for Wild Rift, Nongfu Spring's Scream Sponsors FPX
Last week several prominent non-endemic partnerships surfaced within the League of Legends esports scene, as did a multi-million dollar Series B2 financing round from China’s biggest esports company, VSPN.
6/4/20214 min read
BYD to Release High-End Yangwang Brand on Jan 5
Yangwang, a high-end new energy vehicle brand launched by Chinese automaker BYD, announced that it will release its first car and other disruptive new technologies during a press conference scheduled for January 5.
12/29/20223 min read
Borgward Auto Owned by UCAR to Undergo Bankruptcy Proceedings
Borgward Auto, owned by Chinese travel and auto services firm UCAR, is to undergo bankruptcy proceedings, with a public announcement to be issued as soon as early July.
6/21/20213 min read