51 Credit Card Under Investigation For Outsourcing Debt Collection Services
51 Credit Card, China’s largest credit card service startup in terms of monthly active users (MAU), saw its share price plummet by 34.32% to $1.77 HKD today.
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China’s Meatless Revolution
The majority of China’s meat products are imported, and given the currently turbulent geopolitical climate, plant-based meat alternatives will increase China’s self sufficiency, and shine a positive light on the industry in the eyes of regulators.
1/27/20204 min read
2022 China Automotive Low Carbon Action Plan Released
On July 27, China Automotive Technology & Research Center Co., Ltd. (CATARC), a state-owned research institute, released a report entitled "2022 China Automotive Low Carbon Action Plan" in Beijing.
7/28/20222 min read
China NFT Weekly: Keeping the Metaverse Open
This week: Tencent's gaming phone brand acquisition falls through as Beijing ramps up metaverse scrutiny, Animoca Brands to make foray into education, crypto sell-off trending on Chinese social media despite crypto ban, and more.
5/16/20228 min read
CMA CGM and CATL Sign A Cooperation Agreement
CATL and CMA CGM recently signed a cooperation agreement and plan to establish a joint venture.
China Unicom to Be Formally Delisted from NYSE in October
China Unicom, one of the leading telecommunications giants in China, announced on July 23 that it would terminate its American Depositary Receipt (ADR) on October 18 this year, meaning the company will be officially delisted from the NYSE.
7/26/20213 min read
Sunwoda Subsidiary to Acquire Argentinian Mining Project
On July 17, Chinese battery maker Sunwoda announced that its Zhejiang subsidiary intends to acquire the Laguna Caro mining rights project held by Goldinka Energy S. A. in Argentina.
7/19/20222 min read
Missfresh's Bianligou Business Acquired for 30M Yuan
Bianligou, a vending machine business owned by Chinese grocery delivery startup Missfresh, has been acquired by Shenzhen Daily Convenience Technology Co., Ltd.
8/23/20222 min read
Field Test Pictures of Xpeng Motors' Aerocars Exposed While Range of Flying Vehicles Unveiled at Airshow China
Photographs of a group of manned aircraft have attracted attention in China recently, showing two pilots flying in the air in an aerocar.
The Value of Full Truck Alliance Increases more than 14% in US IPO Debut
On June 22, Full Truck Alliance, a Chinese digital freight platform, was listed on NYSE with the security code of "YMM". Its issue price is $19 and its opening price is $22.5. Wind Information shows that as of the close of US stocks, Full Truck Alliance reported US $21.76 per share, increasing 14.53% from its issue price, with a total market value of US $23.6 billion.
Huawei Watch GT 3 Pro to Be Released April 28
Leading Chinese telecommunications and consumer electronics firm Huawei announced Monday that it will launch the Watch GT 3 Pro on April 28, with the slogan "Sneak to Freedom at This Moment."
4/25/20222 min read
Li Auto Software Update Contains Overlord Clause; Delivery Volume Expected to Decline in Q3
On September 18th, some Li Auto users received an update notification by their intelligent software system but found that the system needed to obtain private data.
9/22/20212 min read