Xiaomi Confirms Smartphone Production in Vietnam
A Xiaomi spokesman confirmed that the Chinese consumer electronics company has started to produce smartphones in Vietnam.
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TikTok Maker ByteDance Appoints New China Leaders, Global Employees Approach 100,000
Beijing-based ByteDance, the owner of global short video app TikTok and Chinese news aggregator Toutiao, has appointed new China heads.
3/12/20202 min read
China NFT Weekly: Hottest New NFTs
This week: The Sandbox metaverse names Mega City project partners, e-CNY wallet tops download charts in app stores, NFT projects endorsed by Jay Chou top OpenSea’s 24-hour sales chart, and more.
DBG Technology: Ceremony for Xiaomi Smartphone Milestone
DBG Technology held an offline ceremony on Wednesday to mark the company's recent achievement of having produced 20 million smartphones for Xiaomi.
12/30/20212 min read
Meituan’s Venture Capital Wing Long-Z Invests in Chinese Self-Driving Startup QCraft
Meituan has invested in autonomous driving startup QCraft’s latest fundraising round of $100 million, highlighting the intensifying bets made by the country’s Big Tech on the promising driverless car space.
Xiaomi Opens Delivery Service on Meituan
William Lu, partner of Xiaomi, made a post on Weibo on Tuesday asking netizens to try something new: "Search Mi Home on Meituan, and new products will be delivered in half an hour at the fastest!"
3/22/20223 min read
360 CEO Zhou Hongyi: Safety Technologies Developed at Hozon Auto Will Be Extended to the Whole Industry
Zhou Hongyi, founder and CEO of the internet security company Qihoo 360 Technology, said at the conference that mature safety technologies that developed on Hozon Auto will be extended the whole industry in the future.
9/26/20212 min read
Tesla Pays Off $1.4 Billion Loan in China Ahead of Schedule, US Headquarters to be Moved to Austin
Tesla CEO Elon Musk commented on the news via his Twitter feed: "Tesla always pays its debts," which indirectly confirmed the news.
10/8/20213 min read
Virtual Real Estate Platforms See Prices Plunge
According to data from research institute WeMeta, the average price of virtual land on six platforms based on Ethereum dropped from about $17,000 apiece in January this year to about $2,500 apiece in August, a decrease of 85%.
Chinese Authorities Crack Down on $5.6B Crypto-Related Money Laundering
Authorities in China's Hunan province have recently busted a criminal group that used cryptocurrency to launder 40 billion yuan ($5.6 billion). The trade of digital currencies was banned in the country last September.
9/27/20223 min read
Founder of Faraday Future, Jia Yueting Failed to Pay the $ 34 million Fine on Time
Recently, due to failure to fulfill the payment obligation determined by effective legal documents on time, Jia Yueting has been issued a new consumption restriction order.
6/15/20232 min read
Megvii Clarifies Listing Rumor: Haven’t Ruled Out Hong Kong IPO, Considering Star Market
While media reported that Megvii suspended its IPO listing in HK, Megvii told us it's false.