Alibaba's Taobao to Launch First Metaverse Livestreaming Channel
Taobao, an e-commerce platform owned by Alibaba, is conducting final tests before launching its first metaverse livestreaming product.
12/26/20222 min read
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Bilibili Denies Giving Up Its Game Business, Only Some Projects Have Been Adjusted
In response to online rumors that Bilibili will lay off all game development staff, Bilibili stated: 'The related information is not true; only some projects have been adjusted.'
Alibaba to Start Massive Layoffs, Sources Say
Alibaba's MMC business unit is planning to sever ties with many employees, while the proportion of layoffs in this round will stand at roughly 20%.
3/14/20223 min read
Pony.ai and ONTIME Reach Cooperation to Jointly Promote Commercialization of Robotaxis
On November 20, Pony.ai announced a new collaboration agreement with ONTIME to jointly accelerate the commercial deployment of autonomous driving technologies on a larger scale in China.
11/22/20212 min read
A Group of Chinese Companies Are Developing Applications for Vision Pro
A series of Chinese internet companies, such as DingTalk, Ctrip, and miHoYo, announced their participation in visionOS and the development of native applications for Vision Pro.
WeChat Updates Regulations for Virtual Currency and Digital Collections
Tencent's social networking software WeChat updated its operating regulations for official accounts on the platform on Monday. The regulations now address virtual currencies and digital collections.
6/20/20222 min read
China VC Weekly: Smart Manufacturing, Chips and More
In last week’s VC news, Sequoia China and CATL invest in intelligent manufacturing startup AIMS, Xpeng injects funds in a young lidar company, and more.
1/11/20229 min read
Surgical Robot Firm Yuanhua Tech Completes B-Round Financing
Yuanhua Intelligent Technology (Shenzhen) Co., Ltd. (Yuanhua Tech) completed a round-B financing worth several hundred million yuan.
1/20/20222 min read
Xpeng P7 Starts Delivery in China
Chinese electric vehicle and technology company Xpeng Motors began to deliver its battery-powered coupé Xpeng P7.
6/29/20202 min read
Switzerland-based ABB Invests $150 Million in Shanghai Factory
ABB, a Swedish-Swiss industrial giant and one of the world's four largest robotics companies, announced the official opening of its robotics factory in Shanghai on December 2.
Shared Phone Charger Startups Closed Down One after Another
Shared phone chargers have attracted attention from the market, especially after Leo Chen, CEO of Jvyoumei（聚美优品）, invested 300 million yuan into AnkerBox (Anker...
9/29/20174 min read
Indian Hotel Operator OYO Faces Hurdles in China
In June 2019, OYO China, the subsidiary of the rapidly growing Indian operator of leased and franchised hotels, announced the launch of its 2.0 strategy.