ByteDance Raises Up to $600 Million in Funding For Its Subsidiary Dongchedi
ByteDance is raising up to $600 million in funds for its automotive information and transaction platform 'Dongchedi'.
9/9/20241 min read
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Video PaaS Firm Feihu365 Technology Wins B+ Round of Financing Worth Over $15.6 Million, Led by Shunwei Capital
Feihu365 Technology announced that it had completed a new round of financing, in which it garnered over 100 million yuan ($15.6 million) in investment led by Shunwei Capital and followed by previous shareholders.
11/9/20212 min read
WeChat Pay and UnionPay Mobile QuickPass Promote Payment Cooperation
Tencent announced on Thursday that WeChat Pay and UnionPay Mobile QuickPass are promoting cooperation between their payment platforms and are now integrating each other's payment methods into one another another.
9/30/20212 min read
Chinese Autonomous Driving Company Holomatic Completes B1 Round of Financing
Holomatic, an autonomous driving technology company, announced today that it has completed the B1 round of financing with investors including Tongfang Investment, Yulin Investment and NavInfo of Baiyue Group.
6/29/20213 min read
Douyu Confirmed the Arrest of Its CEO Chen Shaojie
On November 21, Nasdaq-listed game livestreaming company Douyu announced that the company's CEO, Chen Shaojie, was arrested by Chengdu police around November 16, 2023.
Chinese Co-working Space Giant Ucommune Raises RMB 300 Million at $1.8 Billion Valuation
Ucommune, previously UrWork, the only Chinese unicorn in the co-working space, announced on August 14 that the company received a new round of funding from RK P...
Chip Design Company Microparity Secures nearly 100 Million in Pre-A Round of Financing
Microparity, a provider of high-performance single photon detection integrated circuit solutions, recently obtained nearly 100 million yuan in Pre-A round financing.
3/10/20223 min read
Chinese Research Team Devises Method for Hydrogen Generation Directly From Seawater
On November 30, a Chinese research team published a paper entitled "A membrane-based seawater electron for hydrogen generation" in Nature, which has solved an important problem of hydrogen production by direct electrolysis of seawater.
News States that Xiaomi 14 Phone Will Be Released on October 27th
Multiple digital bloggers and Xiaomi offline store staff have stated that the Xiaomi 14 launch event will be held on October 27th.
ByteDance Founder Establishes Personal Investment Fund in Hong Kong
Two years after stepping down as CEO of ByteDance, founder Zhang Yiming has launched a personal investment fund in Hong Kong. The fund, named Cool River Venture, is registered as a private limited company and is wholly owned by Galaxy LLC. Zhang Yiming serves as the director of the fund.
5/24/20231 min read
Faraday Future Teases New EV Flagship V9
“Thanks for your attention to our brand new flagship V9. The basic design principle would be a mobile smart product that combines design, artificial intelligence and seamless interconnectivity between vehicles and people.”
4/4/20192 min read
The Number of NEVs in China Exceeds 15 Million
On the 5th of the month, Sun Fengchun, a member of the Chinese Academy of Engineering and professor at Beijing Institute of Technology, stated that as of June 4th, China's new energy vehicles has exceeded 15 million units, with a current global penetration rate of about 13.9%.
6/6/20232 min read