Huami Applies for IPO in US, Affects Xiaomi's Valuation
The US Securities and Exchange Commission (SEC) said on Tuesday that the Huami had submitted an IPO request. That means Huami could soon be listed in the US sto...
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Huawei-Backed AITO Conducts Price Reductions, Following Tesla
The M5 and M7 models of AITO, a Chinese automaker established jointly by Huawei and Seres, have undergone price reductions of 8,000 yuan ($1,096). AITO is the first new energy vehicle brand in China to follow in the footsteps of Tesla's latest decision.
Baidu Brings Apollo Go Robotaxi Service to Downtown Shenzhen
Baidu's ride-hailing service platform Apollo Go has launched trial operations in Shenzhen’s Nanshan District, providing autonomous robotaxi services to Shenzhen commuters.
2/17/20222 min read
Chinese Power Battery Firm Gotion High-Tech Plans Swiss IPO
Gotion Hi-Tech, a Chinese power battery manufacturer, announced plans on Thursday to issue Global Depository Receipts (GDR) and to apply for a listing on the Swiss Stock Exchange.
5/6/20222 min read
Huawei Rumored to Hold Another Launch Event on July 27
Huawei held a launch event on July 4 for its nova 10 series of smartphones, the Watch Fit 2 smartwatch and more. According to tips by a Chinese tech industry blogger on July 5, Huawei will hold another launch event on July 27 to release more new products.
7/5/20222 min read
Xiaomi's Auto Business Loses Its Head of Marketing
Zhou Xing, the marketing director of Xiaomi Auto, reportedly departed from the car-making division of the Chinese smartphone company several weeks ago.
2/22/20232 min read
Alibaba Acquires 100% Shareholding of Youku Movie
Youku Movie Co., Ltd.'s original shareholder, Youku Information Technology Co., Ltd., withdrew, and Alibaba Digital Media & Entertainment Group acquired its 100% shareholding.
1/5/20221 min read
Ofo Affiliate Fined RMB13.41 Million by Court
On June 23, Tianyancha showed that Dongxia Datong Company was listed as a judgment debtor by the Haidian District People's Court of Beijing, obliging it to pay about 13.416 million yuan in fines.
6/24/20213 min read
Still Optimistic About Self-Serve Stores? First Batch Close in Shanghai
Internet giants Alibaba and JD.com are still flirting with plans to open self-serve stores, but the first group of similar businesses has imploded in Shanghai. ...
China Smartphone Sales in 2022 Reach Lowest Level in a Decade
On January 27, Counterpoint Research, a global research firm, released its sales report for China's smartphone market in 2022. The country's smartphone sales declined 14% year-on-year in the previous year and reached their lowest level in a decade.
Metaverse UGC Platform BUD Secures $36.8M in B-Round Financing
Metaverse user-generated content (UGC) platform BUD recently completed a B round of financing totaling $36.8 million, led by Sequoia Capital India, followed by ClearVue Partners, NetEase and Northern Light Venture Capital.
5/23/20222 min read
Lenovo Founder Liu Chuanzhi Rumored to Resign as Chairman
Liu Chuanzhi, founding father of the Lenovo Group, is about to step down as the chairman of Lenovo’s parent company Legend Holdings.
12/17/20192 min read