Alibaba Resets: CEO Zhang Yong and His Four Executives
Once every year, Alibaba undergoes a major organizational adjustment after its annual ‘Double Eleven’ sale on November 11.
12/17/202117 min read
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China’s Hisense and Leica Camera to Develop New Laser TV Technology
Chinese home appliance giant Hisense Group and German camera maker Leica Camera announced on August 3 that they had reached a technical cooperation agreement to jointly develop new laser TV technology.
DFUB, Subsidiary of New Oriental, Shuts Down Tutoring Business for Grade 12 Students
On Monday, several China media outlets reported that DFUB, a subsidiary of New Oriental, had decided to close its tutoring business for Grade 12 students.
9/13/20212 min read
CATL Invests $3.52B in Battery Recycling Base
Leading Chinese battery firm CATL announced on January 15 that its subsidiary, Brunp, plans to invest 23.8 billion yuan ($3.52 billion) in Foshan, Guangdong Province to build an integrated new material industry production base.
Huawei's Auto Partner Sokon Forecasts Loss of About $250M in H1 2022
Chongqing Sokon, an automotive industry partner of Huawei, announced on July 14 that it expects to achieve operating income of 12 billion yuan to 12.6 billion yuan ($1.78 billion - $1.87 billion) in the first half of 2022, up 62.5% to 70.63% year-on-year.
7/15/20223 min read
Li Auto L8 to Debut September 30
On the evening of September 22, Chinese new energy automobile company Li Auto announced that the new generation of its Li ONE, the Li L8, will be announced at a press conference on September 30, and will start delivery in early November.
9/22/20224 min read
Geely-Backed EV Firm Zeekr Names Third Car "Zeekr X"
Geely-backed electric vehicle company Zeekr officially announced on February 3 that the name of its third vehicle model will be the "Zeekr X," also unveiling its appearance and body dimensions.
2/3/20233 min read
Weibo Achieves Total 2021 Revenue of $2.26B
Popular Chinese microblogging platform Weibo released its financial results for the fourth quarter and whole year of 2021 on Thursday.
3/4/20223 min read
CyberDog Team Wins 2021 Xiaomi Annual Technology Award
On Tuesday, Lei Jun, founder of Xiaomi, announced on Chinese social platform Weibo that Xiaomi had held its annual technical award ceremony on Monday.
1/4/20222 min read
Tesla Denies Shanghai Factory's Temporary Production Stoppage of Model Y
On December 12, Tesla denied a report that the Amercian electric vehicle maker's Shanghai factory will suspend production of its Model Y from December 25 to January 1 next year.
12/12/20223 min read
SVOLT Completes Cell Modules for XPeng P5 Model
On October 19, SVOLT, a lithium-ion battery system provider, announced that the battery cell modules matching XPeng Motors' P5 models rolled off the production line.
10/20/20223 min read
TikTok Parent Company ByteDance Builds Team to Develop Drugs Using AI
Short-video app TikTok’s parent company ByteDance is looking to hire for its artificial intelligence drug discovery team in Mountain View, Beijing and Shanghai, as the company ventures into pharmaceutical research.
12/25/20202 min read