Zeiss Builds First Factory in China With $25M Investment
Zeiss, a leading enterprise in the fields of optics and optoelectronics, on October 18 started construction of a new R&D and production base in Suzhou, Jiangsu Province, China.
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How Do ByteDance's PICO and Meta's Quest Stack Up?
PICO, a VR device brand owned by ByteDance, has announced that it will hold a new product overseas launch event at 14:00 GMT+2 on September 22, five days ahead of the scheduled product launch in China.
9/21/20223 min read
Guan Data Completes Round-C Financing Totaling $44M
Guan Data announced its completion of round-C financing of 280 million yuan, which was led by Tiger Global and followed by shareholders including Sequoia China, Linear Capital, Xianghe Capital and Unicorn Capital Partners.
2/22/20222 min read
Huawei Mate 10 Ads Appear in US: 'Best Phone You've Never Heard Of'
Huawei confirmed it would participate in the CES show in Las Vegas on January 9, which is January 10 in Beijing time. Its slogan is "new start," suggesting that...
Chinese Display Driver Chip Firm Jingzhan Technology Obtains Tens of Millions of Yuan in A-Round Financing from Ying Capital
Jingzhan Technology, a designer of high-end semiconductor display screen driver chips, has recently received tens of millions of yuan in A-round financing, coming exclusively from Ying Capital.
12/28/20212 min read
Tencent to Continue Layoffs in Second Half Year, Sources Say
Chinese Internet giant Tencent will reportedly continue to cut staff numbers in the second half of this year.
6/23/20222 min read
Alibaba Invests 40 Million Yuan in Dazhong Chuxing
Shanghai Dazhong Public Utilities (Group) Co., Ltd. announced on Wednesday that Dazhong Chuxing plans to increase capital, enlarge shares and attract a new investor – Alibaba.
11/18/20213 min read
BYD Reaches Strategic Cooperation With Acoustics Firm Goertek Dynaudio for Intelligent Vehicles
On Wednesday, leading Chinese EV maker BYD and high-end loudspeakers supplier Shanghai GoerTek Dynaudio Electronic Technolgy Company held a signing ceremony for a new strategic cooperation between the two firms.
11/11/20212 min read
10 Best Phones With Motorized or Pop-Up Cameras
Smartphone giants such as Samsung, Huawei, Xiaomi, OnePlus, Vivo, and OPPO, have all rolled out awesome pop-up camera phones in 2019.
6/27/20199 min read
Cheese Tea Brand HeyTea Rumored to Have Raised New Funds at a Valuation of RMB 16B
Cheese tea chain HeyTea is rumored to have completed a new round of financing led by Hillhouse Capital and Coatue with its post-investment valuation possibly exceeding 16 billion yuan.
3/23/20202 min read
China VC Weekly: Chip Packaging, EVs and Bone Grafting
In last week’s VC news, integrated circuit chip developer SJ Semiconductor has raised $300 million in a Series C round to expand R&D investment, and more.
10/12/20215 min read
Evergrande Group Investigates Redemption of Investment Products by Executives, Requires Six Executives to Return Funds Within Time Limit
The ongoing storm related to the overdue redemption of Evergrande's wealth management products continues and doubts about the earlier redemption of these products by some of the company's senior executives are immense.
9/18/20213 min read