Alibaba Sells Part of Xpeng Stake, Reducing Shareholding to 7.5%
Alibaba Group announced on December 15th that it has sold a portion of its stake in Xpeng Motors, reducing its shareholding from 10.2% to 7.5%.
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BYD Offers Glimpse of Seal Electric Sedan
After launching new models within its Han series, Chinese electric vehicle maker BYD has begun to generate interest in another sedan named "Seal," which is expected to be officially launched this month.
4/13/20222 min read
Beverage Firm Genki Forest to Build Sixth Jiangsu Factory
Chinese beverage brand Genki Forest announced on February 25 that its sixth self-built factory will be established in Taicang, Jiangsu Province, covering an area of 120 mu (19.8 acres).
2/28/20222 min read
China's Popular English Learning Platform LAIX Listed on the NYSE
LAIX Inc., an English learning platform from China driven by artificial intelligence (AI) technology, listed on the New York Stock Exchange (NYSE) on Sept. 27. ...
2020 Social Credit System: Why It Matters To Businesses
Let's talk about China's social credit system and its importance to business.
7/20/20206 min read
Baidu Announces Two Main Large Models Will Be Available for Free
After the significant price reduction of ByteDance and Alibaba Cloud's large models, Baidu's two main large models are announced to be free.
5/22/20244 min read
Tencent and JD.com Become Vipshop Shareholders with $863M Investment
Tencent, JD.com and Vipshop announced that Tencent and JD.com would invest US $863 million in Vipshop. After investment, JD.com is making a leap toward its goal...
AIsphere Received Funding of Over 100 Million Chinese Yuan
AIsphere is an AIGC visual multimodal algorithm developer, focusing on the research and development of AI video generation large models and applications.
Xiaomi Mi MIX 4 BYD Official Edition Launched, Priced at $908
BYD Auto Store launched the Xiaomi Mi MIX 4 BYD Official Edition on Friday, which will go on sale on November 29th.
11/26/20212 min read
Ant Group's Secret Flow Data Security Framework Made Open-Sourced
On July 4, Ant Group announced that it has officially open-sourced a trusted privacy computing framework for global developers called "Secret Flow."
ONES.AI Completes C Round of Financing, Nears $100 Million Total Financing Within Six Months
ONES.AI, founded in 2015, has grown into a leading provider of R&D management solutions in China, and its eight professional R&D management products run through the whole life cycle of software R&D.
9/22/20212 min read
XPeng to Adjust Configuration, Price, and Rights of Some Models
Guangzhou-based auto firm XPeng announced on Friday that it will adjust the configuration, price and rights of some models from May 9, in order to popularize Advanced Driving Assistance System vehicles to more users.
5/7/20222 min read