China VC Weekly: Chips, Cars and Robots
In last week’s VC news, several prominent chip makers raised considerable funds, toy robot maker Robosen bagged nearly $100 million and more.
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China’s Alibaba Hits Pause on Investments in India Amid Rising Geopolitical Tensions, Report Says
China’s Alibaba Group Holding Ltd. has put on hold plans to invest in Indian companies amid rising geo-political tension between the two nations.
8/27/20202 min read
Huawei Petal Maps to be Launched in China, Equipped on AITO M5 EV
Ma Xiaoqiang, VP of Huawei's Consumer Business Group for the Asia Pacific region, posted some pictures of the Huawei P50 Pocket which showed an app called Petal Maps.
1/26/20222 min read
China VC Weekly: $70M for Nothing
In last week’s venture capital news, Carl Pei’s startup Nothing attracted a new capital injection, raising $70 million in its Series B funding round, and more.
Huawei Mate 50/Pro Smartphones to Adopt Variable Aperture Cameras
On August 31, Huawei announced that the new Mate 50/Pro series will be equipped with six-blade variable aperture cameras.
8/31/20223 min read
Travel Retailer China Tourism Group Duty Free Corporation Limited Restarts Hong Kong IPO
China Tourism Group Duty Free Corporation Limited, a travel retailer, submitted its prospectus to the Hong Kong Stock Exchange again on Thursday, proposing to list on the main board, with CICC and UBS as co-sponsors.
Xiaomi Mi 6X Scheduled to Release on April 25 in China
Yesterday, the official MIUI Weibo account announced that there will be news released this morning, and the following morning, the official Weibo account of Xia...
Meng Wanzhou's Lawyers Call the Arrest “An Unlawful Abuse”
Huawei's CFO Meng Wanzhou appeared on May 8 in a Canadian court for a pre-extradition hearing on financial fraud charges linked to Iran sanctions violations. The trial was ordered to set a timetable for Meng's upcoming extradition hearing, and her lawyers appealed for stay of proceedings based on three arguments.
5/9/20193 min read
Apple Doubles Up on Donations to Virus-affected Communities
Apple announced that it would double the donations to support both the emergency medical response and the recovery of virus-affected communities in China.
Graduate Complains to Overtime Work at Tencent
On Wednesday, a topic named "fresh graduate employees of Wechat Group of Tencent accused his leader" went viral on Chinese social media.
1/26/20222 min read
Ride-Sharing, Self-Service Retail Meets in In-Car Vending
Where there is traffic, there is business. The traveling market has given rise to “in-car vending,” a new business many regard as the “next game-changing opport...
2/1/20185 min read
Tik Tok's Sister App Douyin Denies Stealing Tencent's Relationship Chain
A representative of Tencent on Monday said Tik Tok was suspected of stealing their relationship chain and was therefore blocked by their popular messaging App, Wechat. Tik Tok declared that Tencent's version of the matter is a rumor.
9/14/20212 min read