Luckin Coffee Promotes Restructuring Plan, Several Phased Goals Already Completed
Luckin Coffee Inc. released the third report of the Joint Provisional Liquidators to the Grand Court of the Cayman Islands on Tuesday night.
9/8/20212 min read
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Alipay, WeChat Pay Enter Southeast Asia and Local Mobile Payment Market
Ant Financial announced in Hong Kong that four local wallets in Hong Kong, Thailand, India and the Philippines – Alipay HK, Paytm, GCash, and Truemoney – partic...
Prosus Continues to Reduce Its Stake in Tencent
Prosus, a major shareholder of Tencent, announced that as part of its ongoing share buyback plan, it will deposit 96 million Tencent shares it holds into the Hong Kong Central Clearing and Settlement System (CCASS) in certificate form this week to enable these shares to be traded orderly on the market.
BYD Unveils Appearance of Seal Electric Sedan
Shenzhen-based automaker BYD unveiled on Wednesday the appearance of its new all-electric mid-size sedan, the Seal.
3/31/20223 min read
Xiaomi Invests in Yinglefei Semiconductor
On July 18, Yinglefei Semiconductor (Nanjing) Co., Ltd. changed its business registration information and added several new shareholders, including Hubei Xiaomi Changjiang Industrial Investment Fund Partnership.
7/19/20222 min read
State Power Investment Corporation Limited and Alibaba Reach Agreement
On July 5, State Power Investment Corporation Limited (SPIC) and Alibaba Group signed a strategic cooperation agreement along with eight implementation agreements.
7/6/20222 min read
India's Income Tax Department Raids Local Offices of Chinese Companies Including Xiaomi, OPPO and OnePlus
India's Income Tax Department has conducted raids of the offices and manufacturing plants of a range of firms including Xiaomi, OPPO, OnePlus and Foxconn in a major crackdown.
12/24/20212 min read
Former Huawei "Genius Youth" Peng Zhihui's Startup AgiBot Releases Embodied Foundation Model GO-1
AgiBot, founded by Huawei Technologies' former “Genius Youth” recruit Peng Zhihui, unveiled the Genie Operator-1 (GO-1), an innovative generalist embodied foundation model, on March 10.
3/10/20252 min read
Enterprise Software Platform Shimo Docs Completes B+ Round of Financing
Shimo Docs has recently completed B+ round of financing worth tens of millions of dollars.
2/28/20202 min read
Tesla's Shanghai R&D Center Heavily Recruits New Talent
Tesla China released a recruitment message for R&D staff on Monday, covering more than 100 positions, with the workplace mainly in the Shanghai Lingang New Area.
5/24/20222 min read
EasyYa Bags Round-B Financing Worth Several Hundred Million Yuan
EasyYa, a Chinese cross-border supply chain management services platform, announced on August 1 that it has completed a round B of financing worth several hundred million yuan.
8/2/20222 min read
Display Panel Maker HKC Completes Pre-IPO Counseling, Prepares for A-Share Listing
Display panel maker HKC has recently completed pre-listing counseling. LCD panel prices have fallen to record lows, posing a profit challenge for the firm, which is the third-largest display panel maker in China.
6/7/20222 min read