Clean Energy Firm Jinko Power to Expand Photovoltaic Projects
On July 20, Jinko Power, a clean energy supplier and services provider, disclosed that the company plans to raise up to 3.45 billion yuan ($510.2 million).
7/21/20222 min read
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Korean Defect Detection Provider Nextin In Talks With Chinese Chip Factories For Supply, Sources Say
Nextin, a South Korean company involved in the process of detecting product defects and metrology, is reportedly in talks with up to five Chinese semiconductor companies to supply its equipment.
11/17/20212 min read
Kuaishou E-Commerce Holds Investment Promotion Conference for Books and Education to Support Partners
On June 25th, Chinese short video company Kuaishou conducted an Investment Promotion Conference for the Books and Education Industry in Beijing, and released a...
6/28/20212 min read
Detailed Plans of 5G Deployment in Beijing Winter Olympics Have Just Been Released
China Unicom, the country's second-largest telecom carrier announced on August 10 that it will provide integrated ultra-fast fifth-generation (5G) solutions for...
8/10/20182 min read
Who Is Responsible for the GALA Token Incident?
The price of a GALA token on crypto exchange Huobi recently plummeted to nearly zero, stemming from a maneuver carried out by pNetwork, which locked up GALA on the Ethereum blockchain and re-minted it as "pGALA" on the Binance Smart Chain.
11/7/20222 min read
Tencent Music Plans to Sell 3% Stock and the valuation is $10 billion now
Reported by Bloomberg on September 1. According to the informed resource, Tencent Music Entertainment Group plans to finish a new round of financing before its ...
PDD Q2 Financial Report: Net Profit up 47% YoY
On August 29th, PDD released its unaudited financial report for the second quarter ending on June 30, 2023. The net profit attributable to ordinary shareholders was $1.81 billion, a 47% increase compared to the same period last year.
8/30/20234 min read
Indonesia's Lippo Has Poured $45 Million into Tencent
Lippo Group has invested 628 billion rupiahs ($45 million) into Tencent to contribute to the group's digitalization, as the company mentioned in a statement on ...
6/26/20181 min read
Qihoo 360 Founder Reveals Large Language Model Development Plan
During a livestream on March 15, Zhou Hongyi, the founder of Qihoo 360, a Chinese internet security company, disclosed the company's artificial intelligence development plan amidst the ChatGPT hype.
Chinese Scientists Develop A "Thermometer" for Quantum Chips
On May 18th, it was reported that Chinese researchers from Anhui Province Quantum Computing Engineering Research Center have successfully developed a domestically produced ultra-low temperature sensor for quantum computing. The researchers vividly call it the "quantum chip thermometer".
Tesla Shuts down Shanghai Gigafactory for Two Days amid COVID-19
Tesla will suspend production at its Shanghai Gigafactory for two days as China tightens its pandemic prevention and control measures.
3/16/20222 min read
Chinese Online Grocer Dingdong Maicai Raises $330 Million in Latest Funding Round
Chinese grocery platform Dingdong Maicai raised $330 million in a Series D+ round of financing led by the SoftBank Vision Fund, according to investor and advisor Cygnus Equity, as the startup continues its expansion in the crowded fresh food delivery market.