The First Batch of BYD Qin L Delivers, Wang Chuanfu Personally Hands Over the Car to the Owner
The first batch of BYD Qin L has been officially delivered. Chairman Wang Chuanfu appeared at the delivery site to hand over the cars to the owners.
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Automobile Brand Beijing Borgward Declares Bankruptcy, 8-Year Operation in China Ends
Beijing Borgward, once billed as a rival to BMW, Mercedes-Benz and Audi, officially declared bankruptcy on November 29. The announcement explained that it was drained to pay off its debts but its current assets are not enough to settle the balances.
11/30/20223 min read
Holographic Tech Firm LNGIN Technology Completes Round-A+ Financing
LNGIN Technology, a Hangzhou-based holographic technology company, announced on Monday that it has completed round-A+ financing totaling nearly 100 million yuan ($14.95 million).
6/20/20222 min read
Xiaomi Cooperates with NIO on Car Remote Control App
Chinese AIoT giant Xiaomi has launched a Xiaomi Watch app in cooperation with local premium EV-maker NIO.
3/16/20201 min read
PICO's VP Resigns to Launch Cross-Border E-commerce Startup
ByteDance's Vice President of its virtual reality division, PICO, Ren Lifeng, has officially resigned to embark on a new entrepreneurial journey in the cross-border e-commerce sector.
1/23/20242 min read
China Strengthens Supervision and Interconnection of Payment Environment
The People's Bank of China (PBoC) has punished 1,436 banks and payment institutions and issued fines totaling 1.13 billion yuan since 2016.
10/11/20212 min read
Alipay Plans to Become the Ultimate Superapp and Other Superapps Shouldn’t Fall Behind
Simon Hu, CEO of Ant Financial, Alipay’s rebranded parent company, announced that Alipay plans to upgrade from merely a financial service platform to a digital life service platform within the next three years.
Guangzhou Evergrande Star Paulinho Returns to China On Chartered Plane
Guangzhou Evergrande midfielder Paulinho, returned to China on a chartered plane on Tuesday.
6/19/20205 min read
NetEase Cloud Music Passes HKEX Listing Hearing
On Thursday afternoon, NetEase Cloud Music, a popular Chinese music streaming platform, passed its listing hearing with the Hong Kong Stock Exchange and will start offering shares soon.
7/30/20213 min read
Xpeng Aeroht's Land Aircraft Carrier Successfully Completes Manned Maiden Flight
Xpeng Aeroht recently completed the first manned test flight of the "Land Aircraft Carrier" flying body, with founder Zhao Deli leading the "Executive 5000 km Test Flight" plan.
NIO Blames Partial Demolishment of Power Station in Central China on "Information Asymmetry"
In response to an online video showing a NIO electric vehicle charging and power exchange station being demolished, Ma Lin, senior director of enterprise communication of NIO, said that there was information asymmetry between the two sides.
10/21/20212 min read
CATL Is Collaborating on the Development of Electric Passenger Aircraft
On September 18th, CATL announced that they are currently collaborating on the development of a civilian electric passenger aircraft project. They are implementing aviation-grade standards and testing to meet aviation-level safety and quality requirements.