Huawei CFO Arrested in Canada with Possible Extradition to U.S.
The arrest of Huawei's Global CFO Meng Wanzhou in Canada exploded on China's social media giant Weibo on Dec.6. It broke the peace of a weekday morning, as well...
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Bilibili Esports Signs Production Deal for Overwatch League China Region
Bilibili Esports has taken the place of Banana Culture as the new Chinese production partner for Activision Blizzard’s Overwatch League, sources told Pandaily.
XPeng Unveils “Game-Changer” P5 Sedan With Automotive-grade Lidar
Chinese electric vehicle maker XPeng on Wednesday premiered its third production model, the XPeng P5 smart sedan.
4/15/20212 min read
Chinese Private Aerospace Firm iSpace Completes 500-second Reusable Liquid Rocket Engine Test
A 15-tonne oxygen rich methane-fueled rocket engine by Chinese aerospace manufacturer iSpace completed a long-range 500-second test in Beijing on December 25.
12/26/20192 min read
SVOLT to Build Second Overseas Battery Factory
Chinese battery maker SVOLT announced on September 9 that it will build a second overseas production plant for the European market in Brandenburg, Germany, which will focus on cell production.
9/13/20222 min read
Oracle’s Severance Compensation Has Taught Chinese Tech Firms a Great Lesson
The competitive compensation package did not please all Oracle employees. Protests were seen outside of Oracle’s office in Beijing.
5/14/20194 min read
Shenzhen Selects 50,000 Individuals to Participate in Digital Yuan Pilot Program
The city of Shenzhen has selected 50,000 individuals to participate in its digital yuan “red packets” pilot program, according to the local government.
10/12/20203 min read
China's Mars Probe Finishes Deep-Space Maneuver
China's Mars probe Tianwen-1 carried out a key deep-space maneuver about 30 million kilometers away from Earth on Friday night, according to the China National Space Administration.
10/10/20202 min read
Faraday Future Founder Releases Statement on Bankruptcy Case
Jia Yueting released a statement after his Chapter 11 Disclosure Statement and the motion for approval of DIP Financing were approved.
3/20/20201 min read
<strong>28-Year-Old ByteDance Employee Dies Suddenly</strong>
On Tuesday, a post titled "the sudden death of a 28-year-old employee at ByteDance" was widely spread on Maimai. ByteDance confirmed later that the employee unfortunately passed away at 13:43 on February 23.
2/23/20223 min read
Geely Targets Sale of 650,000 NEVs in 2023
On January 9, Chinese automaker Geely announced its latest production and sales data. In December, its total sales volume of passenger cars was 146,000 units, down 8% year-on-year, among which the sales volume of new energy vehicles was 44,550 units, up 165% year-on-year.
1/11/20233 min read
AI Text Processing Firm Data Grand Obtains $91.8M in C-Round Financing
Data Grand, an AI company focused on intelligent text processing, announced on Wednesday it has secured 580 million yuan ($91.8 million) in C-round financing.
3/9/20222 min read