
Chinese Telematics Startup Pateo Raises 830 Million Yuan
Chinese Telematics startup Pateo announced on Wednesday that it had raised more than 830 million yuan ($128 million) in a funding round, led by state-owned automaker China FAW Group.
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Chinese Telematics startup Pateo announced on Wednesday that it had raised more than 830 million yuan ($128 million) in a funding round, led by state-owned automaker China FAW Group.

Having faked its revenue numbers, Luckin became a laughing stock of a unicorn, with analysts on both sides of the pond contemplating over what outcomes this situation will have on a larger scale for Chinese businesses abroad.

On September 19, Huawei held the Huawei Mate 30 series launch event in Munich, Germany.

Many Chinese electric vehicle manufacturers published their first performance reports of the new year on February 1. Affected by the recent Spring Festival holiday, delivery figures in January were generally unsatisfactory.

Alibaba Cloud engineers are experimenting with integrating the Qianwen large-scale model into industrial robots.

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Xu Ziyang, the Executive Director and CEO of ZTE Corporation - a Chinese technology company specializing in telecommunications - announced on April 6 that the company plans to launch a GPU server capable of supporting high-bandwidth ChatGPT by the end of this year.

Tesla anticipates increasing the production capacity of its Shanghai Gigafactory to pre-lockdown levels around mid-May, but it has not disclosed specific target figures.

China's MIIT has released its latest vehicle declaration list for new automotive products. The M5e, AITO's first pure electric vehicle model, is unveiled.

The Hurun Research Institute released a report entitled "2021 Hurun China Private Companies SDG Readiness 100" on Monday.