Didi Announces a 670 Million Yuan Investment in AutoAI Technology
Didi will invest 670 million yuan in NavInfo's subsidiary, AutoAI Technology Co., Ltd., with equity and cash, taking a 16.46% stake.
8/28/20242 min read
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Shanghai Regulators Warn E-Commerce Platforms Including Meituan and Ele.me Against Price Gouging During Pandemic
Shanghai's top market regulator said on Monday that it had summoned 12 e-commerce platforms including Meituan and Ele.me for review of topics including price gouging during the ongoing COVID-19 outbreak.
4/19/20222 min read
Rumors Say Didi Confirms Foundry to Be Responsible for Automotive Business
Chinese ride-hailing giant Didi's new energy vehicle will be manufactured by automaker Zedriv with the company's factory in Ganzhou, Jiangxi Province about to be renovated for the new contract with Didi.
8/19/20222 min read
Big Data Analytics Provider Sensors Data Secures $200M in Round-D Financing
Big data analytics platform and services provider Sensors Data announced on Friday that it has obtained $200 million in round-D financing. The lead investors were Tiger Global and Carlyle Group.
5/6/20222 min read
Tesla Model S and Model X Begins Delivery in Chinese Market
On March 28th, it was announced that Tesla officially released the prices for the new Model S and Model X in China, and began deliveries to the Chinese market.
Xiaomi Executives to Become Directors of Kaiyun Motors
On Tuesday, it was reported that Liu De, co-founder, executive director and senior vice president of Xiaomi Group, and Kong Kat Wong, co-founder of Xiaomi, are to become the directors of Kaiyun Motors.
7/27/20212 min read
Why Role-Playing Murder Mystery Game is Popular in China?
Live-Action Role-Playing (LARP) games, or Jubensha (“Script Murder”) is a huge hit among younger generations in China. Players will be given character’s backst...
1/27/20211 min read
Xiaomi Appoints New General Manager of TV Division
Xiaomi announced new personnel appointment today, confirming rumors that have been swirling on China’s internet since last week.
5/11/20201 min read
China's Coffee War Escalates as Tencent Joins Hands With Luckin
Bejing-based coffee chain Luckin Coffee and Internet giant Tencent openly challenge the Starbucks-Alibaba alliance by announcing their strategic agreement on Se...
Chinese Property Trading Platform Beike Successfully Dual-Listed in Hong Kong
KE Holdings Inc., a Chinese property trading platform also known as "Beike," announced yesterday its homecoming dual-listing in Hong Kong, which marks the beginning of the company’s new journey to serve for a better living.
5/12/20223 min read
Record Sales at RMB 127.5 Billion for JD.com's 618 Shopping Festival
As the clock strikes past midnight, JD.com saw a record-breaking transaction volume of 127.5 billion yuan ($20 billion) for the 618 Mid-Year Shopping Festival t...
6/18/20183 min read
Tesla China: No Plans for A Model Y Facelift in the Chinese market This Year
Tesla China has revealed that there are no plans for a Model Y facelift in the Chinese market this year.