VSPN Raises $60M Series B+ Financing Round
Chinese esports solution provider VSPN (Versus Programming Network) announced Friday that it has raised a $60 million Series B+ financing round led by Prospect Avenue Capital (PAC).
1/22/20212 min read
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Mind-blowing Niche Gadgets at 2019 CES Asia — Black Mirror Coming to Life
Rather than classy and fancy ideas, what is most eye-catching this year is actually the niche products with delicate industrial design and “black technology”.
DJI Automotive Releases High-Performance 'Chengxing Platform' Configuration: Independent of High-Precision Maps and Lidar
DJI Automotive unveiled upgraded "Chengxing Platform" configurations at the "China Electric Vehicle 100 People Forum (2024)", enabling L2+ intelligent driving without high-precision maps or lidar.
Emissions Management Firm Enesource Secures Financing From Sequoia China
Enesource, a Chinese provider of carbon emissions management services, announced on Wednesday that it has raised 50 million yuan ($7.9 million) in a B round of financing.
3/9/20223 min read
XPeng CEO Warns of Suspended Production if Lockdowns Persist
Amid ongoing pandemic containment efforts, car companies in China are facing supply chain problems. He Xiaopeng, CEO of electric vehicle maker XPeng, expressed his worries on Thursday.
4/15/20222 min read
Tencent Buys Over 11 Million Shares in Meituan, Raising Nearly $400 Million and Acquiring a 17.2% Stake in the Firm
On the evening of July 13, Chinese delivery and e-commerce giant Meituan announced that all preconditions for the items contained in Tencent's subscription agreement had been reached. The estimated net proceeds from the deal are expected to be about $400 million.
7/14/20212 min read
Huawei Releases the 5G Version of Nova 6 Series Starting from $408
Following the tradition of the Nova series, Huawei's Nova 6 is a 5G smartphone specially designed for young people.
12/5/20193 min read
Honda's China Joint Venture Announces 900 Layoffs
Honda recently announced that it will lay off about 900 contract workers at its Chinese joint venture, GAC Honda Automobile Co., due to a shift towards the electric vehicle market.
12/4/20232 min read
Youku Sues Kuaishou for Infringement, Compensated $72,193 in First Instance
On November 25, the Beijing Internet Court made a first-instance judgment on the Youku v. Kuaishou case regarding infringement of a TV series "Skate Into Love." Youku won the case and was compensated 460,000 yuan ($72,193).
11/30/20213 min read
Xpeng Leads Chinese Automakers in Smart Car Patent Applications in 2019
Electric vehicle startup Xpeng Motors ranked first among Chinese automakers in smart & connected car technology patents in 2019 with 335 patent applications.
1/22/20202 min read
GitHub to Expand Into the Chinese Market
Due to the continuous increase in the number of Chinese developers, China has become the largest market for GitHub outside the United States.
12/11/20192 min read
Li Auto's Revenue in First Quarter Tops $1.42 Billion
Chinese automaker Li Auto released its unaudited financial report for the first quarter of 2022 on Tuesday. The company garnered a total revenue of 9.56 billion yuan ($1.42 billion) in Q1.
5/10/20223 min read