Ant Group: Currently No Plan for An IPO
Ant Group stated: There is currently no plan for an IPO, let alone a so-called 'reverse merger.'
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J&T Express Refinances $2.5 Billion Ahead of Hong Kong IPO, Tencent Participates in Investment
According to three sources, J&T Express, an Indonesian courier company, has received $2.5 billion in its latest round of financing, and is now valued at about $20 billion.
11/25/20212 min read
Security Company Solidrocks Technology Secures 10 Million Yuan in Angel Investment
On Thursday, Solidrocks Technology, a security company in China, announced that it completed an angel investing round worth of 10 million yuan. The deal was jointly invested by Plum Ventures and Weed Ventures Capital.
4/28/20222 min read
Want a Job in the Competitive Chinese Internet Industry? Jobseekers Resort to Employment Tutors
The sweeping regulations recently introduced to China's once booming private tutoring sector have pushed the industry near to its end. But there is an exemption.
9/26/20215 min read
Sharp Slump in Bitcoin Price Issues Meitu $17.3 Million Loss
Meitu, a Chinese smartphone maker and owner of a popular photo retouching app, announced on Tuesday that it lost $17.3 million in bitcoin due to a nosedive in ...
New Oriental to Provide One-Month Free Courses for Wall Street English Students
New Oriental Education schools in Hangzhou and Shanghai also announced they would provide one-month free courses for WSE students in those locations.
8/19/20213 min read
The ByteDance Version of GPTs "Coze" Is Now Online
Recently, ByteDance officially launched the "Coze" AI Bot development platform. Any user can quickly and easily build their own Chatbot with low barriers to entry.
2/2/20245 min read
SVOLT and CATL Reach Settlement on Unfair Competition Case
After nearly half a year, the lawsuit between battery developer SVOLT and industry giant CATL has come to an end.
7/20/20222 min read
China NFT Weekly: VCs Pulling Back from Crypto
This week: Tencent-backed digital publisher jumps on NFT bandwagon, Chinese state media signals tighter crypto control following Terra's collapse, Coinbase rescinds accepted offers as valuation plummets, and more.
6/6/20229 min read
Kneron Launches A New AI Chip to Reduce the Costs of Large Models
On August 15th, Hon Hai Group has invested in AI startup Kneron and announced the release of a new edge computing AI chip called "KL730".
8/16/20231 min read
Tesla to Lay Off 10% of Staff Globally, Recruitment in China Persists
Regarding the recent news of Tesla's suspension of global hiring, a source close to Tesla China said that no updates on layoffs have been issued, and a massive recruitment drive was conducted not long ago.
6/6/20222 min read
NIO Releases EC7 and ES8 EVs, Unveils Third-Generation Battery Swap Station
On December 24, Chinese automotive firm NIO released electric flagship coupe SUV EC7 and all-new electric flagship SUV ES8. The firm also unveiled its third-generation battery swap station and commented on its mobile phone business and a recent data leakage incident.
12/26/20226 min read