China’s First IKEA City Store Opens in Downtown Shanghai on July 23
Scandinavian home furnishing retailer IKEA will open its first city store in Jing’an District in Shanghai on July 23, aiming to get closer to its customers.
7/22/20202 min read
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Li Auto to Sell Up to $2B in ADS Offering
Li Auto announced on Tuesday that it will sell American depositary shares (ADSs) with a total amount of no more than $2 billion through an at-the-market equity offering program on the Nasdaq Global Select Market.
6/29/20222 min read
BYD Delivers First Batch of Passenger Cars in Hungary, Plans to Open 6 Stores by the End of Year
On February 23rd, BYD successfully delivered the first batch of BYD ATTO 3 vehicles to Hungarian owners.
Denza High-End MPV to Feature EV Dual Power Mode
Zhao Changjiang, general manager of Denza's sales department, said that the firm's high-end MPV will feature DM and EV dual power modes, while the DM super hybrid will be able to drive for 1000km.
China VC Weekly: Biotech, Open-source and New Hefty Funds
Last week saw two prominent Chinese VC funds – Future Capital and Qiming Venture Partners – raise new US dollar funds.
11/23/20204 min read
NIO Files Trademark Application for In-House Chips, Mass Production Set for This Month
NIO is currently applying to register "NIO Yang Jian" as a trademark for its self-developed chip, which will be mass produced earliest this month.
10/17/20232 min read
DJI Automotive Receives Investment Intentions from BYD and FAW Group
According to multiple industry sources, DJI Automotive has recently received clear investment intentions from BYD and FAW Group.
Wissen Secures $10M in Pre-A+ Financing
Shenzhen-based service robot company Wissen has completed a pre-A+ round of financing, with a cumulative amount of nearly $10 million. The leading investors were Shunwei Capital and BlueRun Ventures.
6/15/20222 min read
Tencent Responds to Heated Discussion on WeChat Server Collapse
Some Chinese netizens expressed frustration online about the failure of WeChat's picture and file transfer function, causing "WeChat collapses" to become a trending topic on Weibo.
10/18/20212 min read
Ant Group Promises Anti-monopoly Reform following Chinese Government Crackdown
The Chinese government recently ordered a structural reform of Jack Ma’s Ant Group.
4/13/20213 min read
Douyu: Q3 MAU of Mobile Terminal Hits H61.9 Million
Douyu, a game-centric live streaming platform in China, announced on Tuesday its unaudited financial results for the third quarter of this year.
11/16/20212 min read
Alibaba Gathers Nobel Laureates and Scientists for the New Open Research Platform “Luohan Academy”
Alibaba Group announced the establishment of Luohan Academy, an open research platform with Nobel Laureates and leading social scientists on June 27. The goal o...