3D Modeling Company Deemos Completes Tens of Millions of Dollars in Series A Financing
Chinese 3D modeling company Deemos completes tens of millions of dollars in Series A financing, with ByteDance as the lead investors.
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Founder of XPeng Summarizes Achievements and Problems in 2022
On January 18, Chinese electric vehicle maker XPeng held its annual meeting. He Xiaopeng, the firm's chairman, reviewed his five-year entrepreneurial journey from 2018 to 2022, reflected on the firm's performance in 2022, and shared its main plan for 2023.
1/18/20233 min read
Former Huawei Autonomous Driving Head Joins Geely’s Zeekr
The former director of Huawei’s autonomous driving development business has joined Geely Holding Group’s Zeekr brand as Vice President of autonomous driving.
11/4/20213 min read
Battery Manufacturing Heavyweight CATL to Bag 58.2 Billion Yuan in Private Placement
Chinese battery maker CATL announced on the evening of August 12 that it plans to issue shares to no more than 35 specific investors in a non-public manner, raising a maximum of 58.2 billion yuan ($8.98 billion).
8/13/20213 min read
Tesla CEO Musk Agrees With Investor Srinivasan: California Construction 100X Slower Than China
Balaji Srinivasan, an entrepreneur and angel investor, tweeted "Most people don't realize that construction in California isn't 10% slower than the state of the art, but more like 100X slower." Under this tweet, Tesla CEO Elon Musk replied, "True."
10/21/20223 min read
China E-Commerce Platforms’ Sales Surge on Singles’ Day
China’s e-commerce platforms disclosed their Double 11 shopping festival performance and all set new records.
11/12/20202 min read
China VC Weekly: Big Week for Robots and China’s Instagram
In last week’s VC news, several prominent Chinese robotics companies raised considerable E-Finance rounds from investors, and more.
11/17/202110 min read
Four-Wheel Drive Version of Huawei AITO M7 Enters China's MIIT Declaration List
According to a list released by China's Ministry of Industry and Information Technology last Thursday, Huawei's vehicle making partner Sokon added a new four-wheel-drive version to its new model AITO M7.
5/16/20222 min read
Leaked Photo Shows BYD's New Off-Road Vehicle
A photo of the interior of BYD's new high-end off-road vehicle was recently exposed on the Chinese web, appearing different from the models currently sold by the firm.
8/10/20222 min read
Two ByteDance Employees Sentenced for Bribery and Promoting Certain Content on Douyin "Hot List"
On November 26, a judgment published on the website China Judgments Online showed that two employees of ByteDance were sentenced for bribery in the first trial court of Haidian District People's Court of Beijing.
China’s Leading Medical Supply Firm’s Ad Accused of Sexism
A controversial advertisement for makeup removal wipes went viral this week as it aroused hot debate over claims it rationalizes the devilry of sexual assault.
1/12/20213 min read
InsurTech Startup Waterdrop Set For US IPO, Latest Valuation Hitting Tens of Billions of Dollars
Leading online InsurTech company Waterdrop Inc. is reported to be in full preparation for a U.S. initial public offering (IPO) in the next quarter.