Consumer Tech Startup Nothing Locks $70M in Series-B Financing
Nothing, a global consumer tech brand, announced on Wednesday its completion of round-B financing totaling $70 million, co-led by EQT Ventures and C Ventures.
3/10/20222 min read
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Dingdong Maicai Denies Reports of "Large-Scale Withdrawal"
In response to recent reports regarding Dingdong Maicai's "large-scale withdrawal", the grocery e-commerce platform responded on Monday that the information was untrue.
6/14/20223 min read
Kuaishou Esports Acquires YTG Honor of Kings Team, Weibo Esports Completes Acquisition of TS Gaming
Chinese social media platform Weibo has acquired Honor of Kings team TS Gaming. Chinese leading short-form video company Kuaishou has acquired Honor of Kings team YTG.
8/25/20202 min read
Alibaba and Baidu Invest in Phytium, an Independent Core Chip Vendor
Phytium has undergone changes to its industrial and commercial registration information recently. Its registered capital increased from 667 million yuan ($104 million) to 749 million yuan.
10/9/20212 min read
Goods Returning to China's Cross-Border E-commerce Welcomes Favorable Policies
On January 30, China's three departments jointly issued an announcement on the tax policy for returned goods in cross-border e-commerce. The returned goods will be exempted from import duties, import value-added taxes and consumption taxes.
2/3/20233 min read
Digitization Guides Tea Production in A County in Southwest China
An agriculture digital platform, supported by the Alibaba Foundation, has been developed to provide timely insights into various indicators of the tea industry.
5/31/20232 min read
Retailer MINISO Accelerates Expansion in Europe and Beyond
Lifestyle product retailer MINISO opened its 100th post-IPO store in Madrid on Nov.6, amidst industry-wide scaling back and closings.
11/24/20203 min read
Ant Financial to Raise $1 Billion to Invest in Indian and SE Asian Startups
Alibaba Group’s financial services affiliate Ant Financial is preparing to raise $1 billion for a fund that will invest in fintech startups in Southeast Asia and India.
11/27/20192 min read
China VC Weekly: Fintech, Biotech, Automation
In last week’s VC news: Shenzhen Tengyin raises roughly $15 million in a Series A+ round, EdiGene bags $62 million, while Liaye, founded by former Baidu employees, raises $50 million.
4/26/20213 min read
Li Auto Plans to Establish a Chip R&D Office in Hong Kong, Aiming for Mass Production of AI Inference Chips by 2026
According to a report by Chinese media outlet LatePost, Li Auto is planning to establish a chip research and development office in Hong Kong and is recruiting AI chip architects.
10/9/20243 min read
Temu Officially Announces the Opening of the Market to European Sellers
Temu has officially started inviting European merchants to register as sellers on its platform.
8/26/20242 min read
Xiaomi's New Smartphone Civi 3 Collaborates with Disney
On May 17, Xiaomi announced that it will collaborate with Disney to launch multiple special technology products for the 100th anniversary of Disney. They also announced that the Xiaomi Civi 3 smartphone and other limited edition products will be officially launched soon.
5/17/20232 min read