China NFT Weekly: The World Has Woken Up to NFTs
This week: Xiaohongshu launches digital art platform R-SPACE, Tencent gifts employees special NFTs, NDRC to consider punitive electricity prices for crypto mines, and more.
11/18/20217 min read
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NIO's Q3 Revenue Up 32.6% YoY, Five New Cars to Be Unveiled Next Year
On November 10, Chinese electric vehicle maker NIO released its financial report for the third quarter of 2022. The company achieved revenue of 13.002 billion yuan ($1.81 billion) in the period, up 32.6% year-on-year and achieving positive growth for 10 consecutive quarters.
11/11/20224 min read
Temu Temporarily Suspends Services in Vietnam at Regulatory Request
Currently, orders purchased on Temu cannot clear Vietnamese customs. Only after permission from the Ministry of Industry and Trade, can customs procedures be processed for import and export goods traded through Temu.
Baidu's Automobile Manufacturing Arm JiDU Unveils Logo for Robot Car
On Tuesday, Baidu's automobile division, JiDU Auto, officially unveiled the logo for its robot car, marking the beginning of a new identity for the brand.
1/18/20223 min read
NIO Teams Up with Sinopec to Build Charging and Swap Stations as Partnership Marks First Anniversary
The number of battery swap and charging stations built by NIO, an EV giant, and Sinopec Group, a Chinese fossil fuel giant, has totaled 175 since the partnership began on April 15 last year.
4/15/20222 min read
Second-hand Trading Platform Zhuanzhuan Group Releases Q4 Smartphone Trading Report
On Tuesday, a report released by the second-hand trading platform Zhuanzhuan Group showed that the proportion of 5G smartphones available in the second-hand market rose to 38.33% in 2021.
1/4/20222 min read
BYD's New Energy Storage System to Hit the Market Next Year
On September 8, at the 12th China International Energy Storage Conference held in Hangzhou, a BYD spokesperson said that the company's new energy storage system based on blade batteries will be listed separately at home and abroad next year.
Xiaomi to Obtain Electric Vehicle Manufacturing License
Chinese consumer electronics maker Xiaomi is close to obtaining approval for producing electric vehicles (EVs). Actually, since 2017, the application process and criteria for granting electric vehicle manufacturing licenses in China have tightened.
37Games Launches "Teen Mode" Face Recognition Technology
Guangzhou-based game developer 37Games will introduce face recognition technology within its games to protect the health of minors, preventing them from fraudulently using adult accounts to play games.
3/24/20222 min read
Faraday Future Rumored to Restructure, CEO to Step Down
Faraday Future (FF) has added another chapter to its tumultuous history, as the company is rumored to be restructuring its organization and CEO Jia Yueting will step down as the firm’s leader.
Affected By Pandemic, Ride-Hailing Orders in China Fell 29% YoY in March
China's Ministry of Transport on Tuesday released operation data for the domestic online ride-hailing industry in March. The state platform witnessed 539 million orders in March.
4/13/20222 min read
Retail Platform Dmonstudio Closed After Rumors It Belongs to ByteDance
Dmonstudio, a women's clothing retail website, was closed last Friday after it was rumored to be operated by Beijing-based tech firm ByteDance, the parent company of TikTok.
2/14/20222 min read