China's NEVs' Market Penetration Surpassed 50% in July, Exceeding Fuel Vehicles
China's new energy vehicles' market penetration rate exceeding 50% for the first time in July 2024, surpassing traditional fuel vehicles.
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Black Sesame Technologies Breaks $500M in Round-C Funding
On August 8, Black Sesame Technologies, an autonomous driving computer chip company, announced its completion of round-C+ financing led by SummitView Capital.
8/8/20222 min read
Shenzhou-16 Spacecraft Successfully Completes Five Autonomous Orbit Changes, Approaching Chinese Space Station
May 30, 2023, China's Shenzhou-16 spacecraft, was launched today (May 30) at 9:31 am. The mission is led by astronauts Jing Haipeng, Zhu Yangzhu, and Gui Haichao.
NetEase's Mobile Game Suspected of Publishing Paper in US Based on User Data
On April 17th, NetEase's mobile game Dream Chaser: The Showbiz denied a recent report suspecting its role in publishing a paper in the US containing user data.
4/19/20222 min read
Luckin Coffee Denies Plan for Hong Kong IPO
News emerged on Monday that Chinese beverage chain Luckin Coffee is considering carrying out a public listing in Hong Kong as its business gets back on track. However, the company issued a statement denying such reports.
5/10/20222 min read
Tesla Decides Against Lowering Prices to Keep More Stores
There has been a new development on Tesla's sales strategy.
3/12/20192 min read
Redmi’s First Gaming Smartphone to Launch This Month, May Feature Dimensity 1200 Chipset
Xiaomi sub-brand Redmi has confirmed that its first gaming phone will be released by the end of this month.
4/14/20213 min read
Li Auto Downgrades 2024 Sales Target Again Amidst Various Challenges
Due to a lukewarm reception of the MEGA model and fewer orders for the L series than anticipated earlier this year, Li Auto was compelled to reduce its yearly sales forecast.
6/5/20242 min read
Xiaomi Not Abandoning Surge Chipsets, To Invest Over 10 bln yuan in R&D in 2020
Xiaomi's CEO Lei Jun: the company has not given up on its self-developed Surge chipsets.
ZTE and U.S. Government Reach $1.4 Billion Settlement Deal to End ZTE Ban
On Thursday June 7, U.S. Secretary of Commerce Wilbur Ross announced a new agreement with Chinese telecommunications company ZTE Corporation that will replace t...
6/8/20182 min read
Live-streaming Platform Douyu TV Rumored to IPO Next Month at $700 Million
According to Chinese media reports, the popular live-streaming platform Douyu TV, is rumored to go public in Hong Kong next month at a valuation of $700 million...
6/8/20182 min read
OnePlus Co-founder Carl Pei Obtains $7M Financing For New Startup Nothing
OnePlus co-founder Carl Pei on Jan. 27 announced the establishment of his London-based new consumer technology startup Nothing, which obtained $7 million in fresh capital last December.