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On July 19, Tencent Video issued a statement denying reports of its strategic cooperation with short video streaming platform Kuaishou on the secondary creation of long-form videos.
The Chinese snack brand Xijie has completed its A Round of financing, garnering 295 million yuan ($46.1 million), jointly led by Source Code Capital and Focustar Capital.
Xiaomi began developing their own semiconductors as early as 2017, but two years after the initiative began it seems it may have run its course.
Chinese artificial intelligence startup SenseTime will begin offering shares on the exchange on December 7.
A range of Chinese media outlets reported on Tuesday that Didi Chuxing is expected to start its own automobile manufacturing business. One report from _LatePost_ (https://www.latepost.com/news/dj_detail?id=575) further revealed concrete details on plans to have the company’s Vice President Yang Jun lead the new venture while the team actively recruits from major domestic auto manufacturers.
CATL has set up a team in Shanghai to independently develop industrial robots and plans to invest in humanoid robot companies.
Chinese companies have filed a class action lawsuit against Amazon on September 13, accusing the platform of illegally banning and withholding funds on the grounds of paid reviews.
Recently, Semisight announced the completion of an angel round of investing worth of tens of millions of yuan. The deal was by Hui Capital and followed by Plum Ventures.
Li Auto announced today that, to celebrate the one-year anniversary of Li L-Series deliveries, cumulative deliveries have exceeded 250,000 vehicles and they are launching a limited-time insurance subsidy campaign.
Tesla is on track to topple BYD as the world's largest NEV manufacturer. To make things worse, now that Tesla has a factory in China, its low-end products are priced almost at the same level as BYD's high-end products.
Geely announced that its flying car subsidiary Aerofugia had obtained the training qualification certificate from China's Aircraft Owners and Pilots Association (AOPA) for its tiltrotor unmanned aerial vehicle (UAV).
On May 20, Qualcomm officially released the latest Snapdragon 8 + Gen 1 mobile platform. A Chinese digital blogger said on May 27 that the first batch of smartphones equipped with this platform will be released in July.