Pinduoduo Posts Q3 Results, Signals Sustainable Growth as Spending Shifts from Marketing to R&D
Pinduoduo appears to be forging a path to sustainable growth after garnering more than 800 million customers in record time.
11/26/20212 min read
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Chinese Genomics Researcher Yunlong Cao Named in Nature's 10 List
Nature, one of the world's top science journals, released its "Nature's 10" list of 2022 on December 14. Chinese genomics researcher Yunlong (Richard) Cao was named in the list. He helped track the evolution of the novel coronavirus and predicted some mutations that led to a new variant.
12/15/20224 min read
A BYD Dealership Appeals against Judgment on Commercial Defamation Dispute with Tesla
Tesla (Shanghai) Co., Ltd. has been notified of a second-instance court hearing for a commercial defamation dispute. The appellant is Anqing Fengdi New Energy Vehicle Sales and Service Co., Ltd., a BYD dealership, and the hearing is scheduled to take place on April 17.
Faraday Future Founder Files for Bankruptcy, Plans to Return to China to Promote Company Development
Faraday Future announced that in order to solve the problem of personal debt, the founder and CPUO of the company, Jia Yuetin, applied for personal bankruptcy restructuring (Chapter 11) in the United States.
10/14/20192 min read
Cleared for Take Off: Cargo Airline Backed by JD.com Founder Receives Regulatory Approval
China’s top regulatory body gave the green light on Tuesday for the establishment of Jiangsu Jingdong Cargo Airlines, a new enterprise whose chief investor is led by founder of domestic e-commerce giant JD.com.
Toyota Invests $600 Million in DiDi
Toyota Motor Corporation and DiDi Chuxing (DiDi) announced on July 26 their cooperation in smart transportation services. As part of the deal, Toyota invested $600 million in DiDi and a joint venture company the two enterprises will establish.
7/26/20192 min read
Mobile Robot Firm J-Elephant Secures Nearly 100M Yuan in Angel and Pre-A Financing
Mobile robot manufacturer Beijing J-Elephant Technology Co., Ltd. announced on Wednesday that it has secured nearly 100 million yuan ($15.2 million) in angel and pre-A financing rounds.
4/27/20222 min read
BYD to Expand Shanghai Battery Factory, Rivaling Local Tesla Gigafactory
Chinese new energy vehicle and battery giant BYD plans to invest 5 million yuan ($695,778) in an expansion project involving Shanghai BYD Co., Ltd. The eastern Chinese metropolis also hosts one of Tesla's Gigafactories in its Lingang New Area, Pudong District.
Energy Storage Firm Lingtan Intelligence Bags $7.4M in Pre-A Round Financing
Lingtan Intelligence, an industrial and commercial energy storage brand, announced on August 5 its completion of a pre-A round of financing totaling 50 million yuan ($7.4 million) led by Eight Roads.
8/5/20222 min read
DiDi to Start Trial Relaunch of P2P Ride-Hailing Service in China
Didi Chuxing announced on November 6 a trial relaunch of Hitch , its P2P ride-sharing service in seven major Chinese cities, at the end of November 2019.
11/6/20192 min read
Arm's Joint Venture with China: Best News Since ZTE Ban
Since the start of the China-U.S. trade war, the United States has repeatedly attacked China's weaknesses, letting more and more Chinese realize the importance ...
Xiaomi Auto Announces Map Generation Patent
A subsidiary of Chinese consumer electronics giant Xiaomi released on July 26 a patent entitled "Map Generation Method, Device, Controller, Server, Storage Medium and Vehicle."
7/29/20222 min read