Industrial Next Secures $12M in Pre-A Financing
Industrial Next, a manufacturing technology services provider, announced on Monday the completion of a pre-A round of financing in which it garnered $12 million.
6/28/20223 min read
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Realme Releases C30 in India, Previews TechLife Watch R100
Chinese smartphone maker realme launched its C30 smartphone in India on Monday. The company also previewed a new smart watch - the realme TechLife Watch R100 - which will be unveiled on June 23rd.
Xiaomi and Microsoft Sign Strategic Cooperation Memo to Push Xiaomi into the International Market
On the morning of February 23, Xiaomi and Microsoft signed a Strategic Framework Memorandum of Understanding (MoU). The two sides will further deepen their stra...
Baidu and Geely-Backed EV Firm JIDU Launches Limited Edition of Robocar for $55K
JIDU, an intelligent electric vehicle company backed by Chinese tech giant Baidu and automotive leader Geely, officially released its first-ever robocar, ROBO-01 Lunar Edition. Priced at 399,800 yuan ($55,253), it is a co-branded model in cooperation with the China’s Lunar Exploration Project.
10/27/20224 min read
Weibo Launches Global Offering of 11 Million Shares, No Higher Than $49.75 Per Share
Chinese Twitter-like platform Weibo announced plans to sell 11 million shares globally through its IPO in Hong Kong, including 5.5 million new shares and 5.5 million sales shares.
11/29/20213 min read
Tesla Debuts Model S and X Plaid, Humanoid Robot in China
At the fifth China International Import Expo (CIIE), which opened on November 5, Tesla displayed its Model 3, Model Y, Model S Plaid, Model X Plaid, and Tesla Bot, a conceptual general-purpose robotic humanoid.
China Renaissance Delays 2022 Results after Founder Goes Missing
China Renaissance, a prominent player in China's tech industry, announced on April 3 that it would halt trading of its shares and postpone the release of its annual results.
4/4/20232 min read
Chinese Drone Giant DJI Denies Setting up New Team to Develop Self-driving Tech
Chinese drone manufacturer DJI said the company has not established a new engineering team to work on self-driving technologies.
1/14/20212 min read
Autonomous Driving Firm Autra Tech Secures Nearly $30M in Pre-A Funds
Autonomous driving trunk logistics company Autra Tech had completed a pre-A round of financing totaling 200 million yuan ($29.9 million). The investors include Cathay Capital, Xianghe Capital and BAI Capital.
6/8/20222 min read
Kuaishou Reorganizes Overseas Business, Sets up Commercialization Teams in Brazil and Indonesia
Chinese short video app Kuaishou's overseas business structure has been adjusted. A separate international commercialization department was set up within the division to boost revenue.
9/16/20224 min read
Chinese EV Maker NIO Releases Second Quarter Financial Results as Apple Poises for Market Entrance
The Nasdaq-listed leading domestic EV maker NIO Inc (NYSE: NIO) announced on Aug. 11 its unaudited financial results for the second quarter, which ended on June 30, before the close of the US stock.
8/12/20204 min read
Douyin Allows International Registration with Phone Numbers From Multiple Countries
There are reports that Douyin has now opened international registration. Douyin officials have not responded yet.