iQIYI Announces Private Placement Financing of $285M
Chinese online video platform iQIYI announced on March 4 that the company has entered into subscription agreements with Baidu and a consortium of financial investors.
3/7/20222 min read
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Kai-Fu Lee's AI Model '01.AI API' Goes Online
On March 15th, it was reported that Kai-Fu Lee's 01.AI has recently launched its official API.
Shanghai Tesla Spontaneously Caught Fire Igniting Two Cars
Smoke rose from a Tesla. Six seconds later, flames spread from the burning car to ignite two cars in an underground parking lot in Shanghai on April 21.
Dada Group Q3 2021 Earnings: Total Revenue Growth Accelerated to 86% YOY
Dada Group, China’s local on-demand delivery and retail platform, announced on Tuesday its unaudited financial results for the third quarter ended September 30, 2021.
11/24/20212 min read
Flexible Display Maker Royole Sees $5.3M in Assets Frozen
Former flexible display unicorn Royole Technology has recently been plunged into a new crisis, after 37 million yuan ($5.3 million) in assets were frozen by a local court.
9/8/20222 min read
ByteDance Launches Short Video-based Messaging App Duoshan
China’s tech unicorn ByteDance, today announced the launch of Duoshan, a video-based social messaging app in Beijing.
1/15/20192 min read
NIO Denies Rumors of 50% Layoffs
In response to a widely circulated screenshot online alleging that NIO is laying off 50% of its workforce, the company has officially refuted the rumor.
2/20/20252 min read
CATL Wins Battery Project Contract in Western Australia
The government of Western Australia signed a contract with China's CATL to supply batteries for the Kwinana Battery and Collie Battery project.
Danke Apartment to Become Listed on NYSE on January 17
The long-term rental service provider Danke Apartment updated its F-1 prospectus filed to the US SEC and it is expected to be listed on New York Stock Exchange with the ticker symbol “DNK”.
Tencent's PUBG Mobile Returns to the Top of Overseas Revenue Growth Chart
On April 13th, "PUBG Mobile" by Tencent regained its position at the top of the chart for overseas revenue growth.
Huawei Responds to Claim It Set Up Precision Manufacturing Company Worth Almost $100 Million: "We Don't Produce Chips"
Huawei has established the Huawei Precision Manufacturing Co., Ltd., with Li Jianguo as its legal representative and a registered capital of 600 million yuan ($94.17 million).
12/28/20212 min read
WeRide Receives $400M in Financing
Autonomous driving technology company WeRide has recently obtained more than $400 million in a new round of financing, and its valuation after the investment totals $4.4 billion.
3/24/20223 min read