BYD Responds to Stake Cut by BlackRock, World's Largest Asset Manager
World-leading asset manager BlackRock launched a reduction in BYD H shares, bringing its shareholding ratio from 6.21% to 5.85%.
10/19/20223 min read
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Chinese Fund Terminates $1.4 Billion Takeover of Chip Maker Magnachip Due to US Blockage
Magnachip, a South Korean semiconductor company listed on the New York Stock Exchange, announced on Monday that its merger with Chinese private equity firm Wise Road Capital was officially terminated.
12/15/20213 min read
EV Startup Byton Raises $500 Million in Series B
Byton's global headquarters officially opened in Nanjing on June 11, and announced the successful completion of their Series B round financing of up to $500 mil...
6/11/20182 min read
MIIT Ranks Top 100 Chinese Internet Companies
China's information authority released a list of top 100 Chinese Internet companies on July 27, ranking Alibaba, Tencent and Baidu, JD.com, and NetEase as the t...
China VC Weekly: Robotics, Biotech and ByteDance’s Indian Sweetheart
The venture capital landscape has been looking rather bleak for the past several weeks with COVID-19 taking a heavy toll on the industry.
4/25/20203 min read
Huawei Racing Along With AITO M7 in Fresh Reminder of Apple's Unaccomplished Dream
On July 4, Huawei-backed smart vehicle brand AITO introduced its second model, the M7, merely three months after AITO began deliveries of its inaugural model, the M5. This fast-tracked progress spotlights the brand's ambition to earn fame in the mid-to-large size luxury SUV market.
Tesla Denies that Musk Bought a $150 Million House in Beijing: False News, It Is A Hype
Tesla denies that Musk bought a $150 million house in Beijing, stating that this is false news and a publicity stunt.
9/5/20241 min read
Mobike Founder Hu Weiwei Becomes New CEO Replacing Wang Xiaofeng
On April 28, Wang Xing, Chairman of Mobike and CEO at Meituan-Dianping together with Mobike founder Hu Weiwei announced the new organizational adjustment in an ...
Smartisan Technology Becomes Global Partner of Anti-bacteria Technology Provider Sharklet
“New Technology, no matter how cool it is, still requires huge efforts in order to achieve future commercialization,” said Luo.
12/3/20193 min read
NIO's Vehicle Factory Suspends Production Due to Pandemic, Deliveries Affected
Due to COVID-19 pandemic prevention requirements, two factories in Hefei, Anhui Province of NIO, a leading Chinese new energy automobile manufacturer, have stopped production recently. As a result, delivery of its models will be delayed.
11/1/20223 min read
Hydrogen Fuel Cell Developer Cemt Secures Nearly $31.39 Million in B Round of Financing
Chinese tech firm Cemt Co., Ltd. received nearly 200 million yuan ($31.39 million) in a B round of financing, with investors including Oriza Prior, CCB Trust and Moom Group.
12/23/20212 min read
2017 China Patent Statistics: Huawei Ranks Second in Number, OPPO Grows Fast
The State Intellectual Property Office (SIPO) released its statistics and information about China's major fields. In 2017, the number of patent applications in ...