Alipay Sets up Independent Search Department Headed by Taobao Veteran Yuan Huaibin
Alipay has recently carried out a round of internal organization restructure where the search business is now an independent business division headed by Yuan Huaibin.
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"The Most Competitive in the World", Elon Musk Commend Chinese Automakers at Conference Call
Musk predicted the success of Chinese car makers would significantly extend beyond their domestic market, stating that Chinese automakers would "demolish" most of the world's other car companies if there were no trade barriers.
1/25/20242 min read
Huawei and Xiaomi Strike Global 5G Patent Cross-Licensing Deal
Huawei and Xiaomi reach a global patent cross-licensing agreement, covering 5G communication technology.
NIO CEO Li Bin Considers Collaborating with European Local Companies to Establish Factories
The company will also consider cooperating with a local manufacturer to build a factory in Europe, but NIO first needs to increase its sales in Europe, says Li Bin.
5/24/20242 min read
China NFT Weekly: New Forays Into the Metaverse
This week: Blibili tests 'UPowerchain' to develop the metaverse, Huobi picks Singapore as its Asia base, Binance CEO is now the richest Chinese person in the world, and more.
12/9/20217 min read
China Demand Contributes to Tesla’s Estimate-Crushing Deliveries in Q1
Tesla announced better-than-expected first quarter results on Friday, with deliveries from its China operations playing a significant part in the mind-blowing figures.
4/6/20213 min read
Sequoia China's Neil Shen Rises to No. 1 on 2023 Forbes Midas List
Neil Shen, the founding and managing partner of Sequoia China, has been named this year's top investor in the 2023 Forbes Midas List. This marks his fourth time taking the top spot.
5/5/20232 min read
Tesla’s Stellar Q1 Results Eclipsed by Publicity Crisis in China
Despite announcing a strong start to 2021 with record revenues and deliveries, Tesla is still struggling to redeem its reputation amid a publicity crisis in the world’s largest car market.
Baichuan AI Launches Open-Source Full-Modal Model Omni-1.5
On January 26th, Baichuan AI announced that the Baichuan-Omni-1.5 open-source full-modal model has officially launched.
Ford Confirms CATL and BYD As Battery Suppliers
At their recent investor conference, Lisa Drake, Chief Operating Officer of Ford Motor, said that Ford will maintain its cooperation with five battery suppliers.
12/7/20212 min read
University of Minnesota Student Sues JD.com's CEO Richard Liu for Alleged Rape
Jingyao Liu, an undergraduate student at University of Minnesota, filed a civil lawsuit against Richard Liu and his company JD.com Inc. The lawsuit accused Richard Liu and JD.com of a total of six counts of false imprisonment, civil assault and battery, as well as sexual assault or battery.
4/18/20195 min read
SenseTime Advances Chip Business, Completes Financing in the Hundreds of Millions
To ease financial pressures, SenseTime has quietly made its chip business a separate company, which has also successfully raised substantial funds.
10/28/20242 min read