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Starting in 2022, the subsidy for new energy vehicles will decline by 30% compared to that offered in 2021. On Monday, XPeng Motors announced the latest subsidy prices of all models, all of which increased slightly.
China's tech giant Tencent renewed its partnership with the National Basketball Association (NBA) to provide Chinese basketball fans with services such as live-streams, on-demand videos and short videos until 2025.
Guangzhou Pengxu Autonomous Driving Technology Co., Ltd. was established on February 14, 2022. The legal representative of the company is Henry Xia, the co-founder and president of Xpeng Motors.
Chinese battery giant CATL announced on September 4 that it had discussed global cooperation with Sungrow Power Supply (“Sungrow”), the leading solar photovoltaic (PV) inverter provider, in new energy fields such as energy storage.
Tencent is negotiating a new deal that would boost its stakes in Supercell, a Finnish smartphone game developer, at a valuation of roughly $11 billion.
Meituan released its Q2 financial results on Monday. The State Administration for Market Regulation announced on the same day that it had investigated Meituan's failure to report its acquisition of Mobike in accordance with the law.
Shenzhen-based automotive firm BYD offered various updates on vehicle delivery time, the launch of its fifth-generation DM-i technology in 2024, and the firm's approach to next year's falling subsidies.
The Joint Research Institute of Metaverse and Virtual-Real Interaction was formally established by a group of institutions and tech firms recently in Shanghai.
On Mar. 21, Razer, the leading global lifestyle brand for gamers, announced a collaboration with Tencent Holdings Limited, the tech giant in China and global publisher of PUBG Mobile and Arena of Valor, to bring the mobile gaming experience to the next level.
Chinese beverage company Genki Forest has been undergoing extensive adjustments to its organizational structure recently.
Some web users posted pictures recently suggesting that Chinese beverage chain Luckin Coffee has opened branches in Thailand. In response, Luckin Coffee issued a statement on August 9, clarifying that such reports were not true.
PwC responds to layoffs of employees in China: "This is a difficult decision, and we have optimized the organizational structure based on market demand."