Baidu Creates Another Spinoff to Consolidate Global Business & AI Units
China's internet giant Baidu announced yesterday the spinoff of its global business unit. SEE ALSO: Baidu COO Lu Qi Steps Down, Wang Haifeng takes over AI pr...
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Leapmotor Listed in Hong Kong, Unveils C01 EV Model
Chinese electric vehicle startup Leapmotor was officially listed in Hong Kong on September 29, with an opening price of HK$41 ($5.22) per share, 14% lower than its issue price of HK$48 ($6.11).
Internal Audit at JD's Subsidiary Dada Uncovers Suspicious Behavior
On January 8th, JD.com announced that its subsidiary Dada Nexus Limited had discovered some suspicious activities during a routine internal audit.
Tencent-Backed Social Networking App Soulgate Inc. Halts US IPO Process
Soulgate Inc., the operator of social networking app Soul, has decided to withdraw its F-1 registration declaration document and no longer issue securities, according to documents it filed on Thursday with the United States SEC.
Hainan to Ban Sales of Fuel Cars by 2030
The People's Government of Hainan Province published its Carbon Peaking Implementation Plan on August 22, which stipulates that by 2030, the sale of fuel cars will be completely banned.
8/22/20222 min read
GRITEK to List on Shanghai Stock Exchange STAR Market, Raising $156.9 Million
On Tuesday, the Shanghai Stock Exchange officially accepted the application of Grinm Semiconductor Materials Co,. Ltd. (GRITEK) for listing on theShanghai Sci-Tech Innovation Board (STAR Market).
12/29/20213 min read
BYD's New Electric Vehicle Factory in Indonesia to Start Operation in 2026
BYD, Wuling Motors, and other Chinese electric vehicle manufacturers will set up factories in Indonesia. The Indonesian government is reportedly considering more tax incentives to attract electric vehicle manufacturers.
5/1/20243 min read
Pinduoduo Plans to Raise a Maximum of $1.87 Billion in U.S. IPO
China’s new e-commerce platform, Pinduoduo, plans to raise a maximum of $1.87 billion through its listing on the NASDAQ Global Select section, according to its ...
China’s Golden Week Ends, Consumption Sector Surges
With an extra day off, Chinese consumers celebrated with a surging demand for travel, snacks and beverages.
10/9/20204 min read
Didi ANZ to Open Headquarters in Melbourne
Didi Chuxing (Didi), China's largest ride-hailing platform, announced today that it opened its official Australia & New Zealand (ANZ) headquarters in Melbou...
10/30/20182 min read
Sinopec and Nio Jointly Build Power Swap Station at Beijing Chaoying Filling Station
A power swap station jointly constructed by Sinopec and Nio was officially put into operation on Thursday at the Chaoying gas filling station in Beijing.
4/16/20213 min read
Ford, Infiniti and Alibaba’s UC Browser Denounced for Unfair Practices on Chinese Consumer Rights TV Show
During a popular annual television program broadcast by state-run China Central Television on March 15 – which is also World Consumer Rights Day – several domestic and foreign brands were singled out for violations of consumer rights.