PICO Stops Burning Money for Expansion, Team Size Significantly Shrinks
ByteDance's VR business PICO is gradually shrinking its front line this year.
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Huawei Granted 90-day License Extension by US Department of Commerce
US Commerce Secretary Wilbur Ross confirmed in a recent interview that Huawei’s “temporary general license” which was due to expire on Monday August 19, will be extended for another 90 days.
Intel to Cooperate with NIO ES8 to Test Driverless Taxis Next Year
Mobileye, a self-driving car chip company owned by Intel, will cooperate with Germany car rental firm Sixt and technology firm Moovit to launch a self-driving taxi service test in Munich, Germany in 2022.
Autonomous Driving System Developer MAXIEYE Secures B Round of Financing Worth $47 Million
MAXIEYE, the autonomous driving technology and service provider, announced that the company had completed a B round of financing worth 300 million yuan ($47 million).
11/19/20212 min read
Hillhouse Capital Setting Up Secondary Fund Team
Investment institution Hillhouse Capital has reportedly been seeking buyers for some of its projects. The firm has responded to the news, claiming that "secondary fund is our new strategy."
6/10/20223 min read
A Look At Bubble Tea Brand MXBC As Its Theme Song Went Viral
A 4-bar theme song for bubble tea brand Mixue Bingcheng (also known as MXBC) has dominated Chinese video platforms over the past month. Pandaily went to one of...
7/2/20211 min read
CATL Accelerates Overseas Expansion
Zeng stated that despite the fierce competition in the domestic market, CATL's global market share last year has caught up with LG, demonstrating vast potential for growth.
Tesla Apologizes For Blaming Charging Failure on China’s State Grid
Tesla apologized on Monday for asserting blame on the State Grid following a charging incident with one of its vehicles in east China.
Huawei Founder Uncovers the Far Side of the Company
Ren Zhengfei, founder of Huawei and father of Meng, stepped into the spotlight on Jan. 17 to shed light on the recent turn of events involving the Chinese tech giant.
Major Tencent Shareholder to Reduce Stakes For Buyback Plan
Tencent released an announcement on Monday at the Hong Kong Stock Exchange, stating that the company's major shareholder, Prosus, which is mostly owned by Naspers, would sell its shares.
6/27/20223 min read
Crypto Exchange Huobi Acquired by About Capital, Founder Steps Down as Shareholder
Huobi Global, a leading crypto exchange, has agreed to be purchased by Hong Kong-based investment company About Capital Management (HK) Co., Limited. Leon Li, Founder and CEO of Huobi, will no longer serve as the shareholder and actual controller of the company.
10/8/20222 min read
Zhizu Power Exchange Secures Round-B Financing of $17.2 Million
On Wednesday, Zhizu Power Exchange, an intelligent power exchange enterprise for electric two-wheel vehicles, announced the completion of a B round financing worth 110 million yuan ($17.2 million).