Artificial Intelligence Startup CloudWalk Debuts on STAR Market
CloudWalk, an artificial intelligence enterprise, was officially listed on the Shanghai Sci-Tech Innovation Board (STAR Market) on Friday.
5/27/20223 min read
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Tim Hortons China Edges Closer to US Listing
Canadian coffee chain Tim Hortons has recently made further progress in plans to list its Chinese business division in the US. Silver Crest, a special purpose acquisition company, will hold a general meeting regarding the merging matter on August 18.
8/12/20223 min read
China VC Weekly: Autonomous Driving Momentum
In last week’s VC news, online medical platform Dingdang Health raises $220 million to expand its O2O strategy, lidar-maker Hesai closes a considerable Series D followed by a hefty Series C round raised by autonomous driving chip-maker Horizon robotics, while Tencent invests in a German online brokerage.
6/15/20215 min read
Self-Driving Business of Alibaba's DAMO Academy Merged into Cainiao
On May 13, Alibaba's research institute DAMO Academy was reported to be undergoing a major organizational restructuring. The autonomous driving laboratory, which has long been unable to generate profits, will be merged into Cainiao, the logistics arm of Alibaba.
5/15/20232 min read
Chip Supplier Gatesea Completes Round A Financing
Gatesea, a supplier of new energy and smart grid chips, has completed a round A of financing worth nearly 100 million yuan ($14.79 million), according to an announcement issued on July 27 by Profir Capital, a financial consultant of the deal.
The U.S. Backs Down on Huawei Ban
The U.S. will allow American companies to sell technology to the blacklisted Chinese telecommunications giant Huawei where there is no threat to US national security
7/10/20192 min read
Baidu CEO: Chinese consumers favor efficiency at the expense of privacy
On March 26, at the annual session of China Development Forum (CDF) 2018 in the Diaoyutai State Guesthouse in Beijing, Robin Li, Baidu's chairman and CEO, spoke...
Lazada Ranked Southeast Asia’s Number-One Shopping App
Lazada is dominating the mobile shopping realm across Southeast Asia. App analytics and market data platform “App Annie” named it the number-one shopping app in Southeast Asia.
5/8/20193 min read
Tesla to Reduce Sales Outlets in China's First Tier Cities
CBN reported that Tesla intends to reduce the number of sales outlets in malls in China's first tier cities. Instead, the company plans to build more outlets in the form of traditional 4S stores in the typical automobile business districts.
Tesla Production in Shanghai Remains Strong as China Surpasses Europe in Firm’s Market Share
California-based electric car company Tesla Inc. released its 2021 second quarter financial report on Tuesday, showing promising developments for its manufacturing and sales performance in the Chinese market.
7/28/20213 min read
Vivo S15 Smartphone Series to Be Released May 19
Chinese smartphone brand vivo announced on Friday that it will release the new vivo S15 and TWS Air wireless headphones at 19:00 on May 19.
5/13/20222 min read
Astribot's New AI Robot Assistant S1 Officially Debuts at the World Robot Conference
On August 21, the next-generation AI robot assistant Astribot S1 from Shenzhen's Astribot was officially unveiled at the 2024 World Robot Conference.