WM Motor to Launch New E.5 Sedan at Beijing Auto Show
On Monday, Chinese electric vehicle startup WM Motor said that it will unveil its 2022 E.5 at the Beijing Auto Show.
3/7/20222 min read
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Waterdrop Founder Won't Pursue "996" Work Culture Outside China, Triggering Controversy
Shen Peng, the founder of insurance tech platform Waterdrop Inc., said at a forum in Singapore that when exploring overseas markets, Chinese companies cannot copy China's prevailing "996" work culture – a 12 hours per day, six days per week working schedule.
AI Unicorn SenseTime Reportedly Seeking HKEx Listing Hearing
Chinese AI-focused unicorn startup SenseTime will reportedly seek a listing hearing for the Hong Kong Stock Exchange (HKEx) on Friday.
11/19/20212 min read
HK IPO in 2021 with Target Valuation of $60B? Didi Chuxing Refutes Claim
Leading Chinese ride-hailing platform Didi Chuxing was said to seek filing for an initial public offering in Hong Kong with a target valuation of $60 billion, Reuters reported, citing people familiar with the matter.
10/20/20202 min read
NIO and Tencent to Cooperate on Intelligent Driving
Chinese electric vehicle firm NIO and internet giant Tencent signed a strategic cooperation agreement in Shenzhen on November 28. Under the deal, the two sides will carry out in-depth cooperation in the fields of autonomous driving cloud technology, intelligent driving maps and digital ecology.
Alibaba to Develop Self-Driving Trucks, Eyeing Next Potential Hot Spot in China’s Tech Sector
Chinese internet giant Alibaba announced on Thursday it will develop driverless trucks with its logistics unit Cainiao, as the company ramps up efforts to follow a trend that may revolutionize the transportation industry.
6/10/20213 min read
Unmanned Shelves Are Dead, Will Smart Vending Machines Survive?
In half a year's time, the craze for unmanned shelves has quietly passed, some enterprises left the industry while others turned these shelves into smart vendin...
4/10/201810 min read
Toymaker Pop Mart Fined $31,411 for False Advertising
The National Enterprise Credit Information Publicity System has fined Chinese toymaker Pop Mart 200,000 yuan ($31,411) for false advertising involving the mystery toy boxes of its SKULLPANDA series stockings.
12/10/20212 min read
Chinese Bottled Water Giant Nongfu Spring Prepares for $1 Billion Hong Kong IPO in September
China’s bottled water manufacturer Nongfu Spring has planned its initial public offering (IPO) in Hong Kong worth up to $1 billion.
8/3/20202 min read
Zeekr to Enter the Japanese Market in 2025
In a recent interview with Japanese media, Chen Yu, the Vice President of Zeekr, the electric vehicle subsidiary of Geely, announced Zeekr's plans to enter the Japanese market by 2025.
8/13/20242 min read
Baidu Apollo Showcases Self-Driving and IoV Products at CES Asia 2018
During CES Asia 2018, Baidu Apollo showcased its progress in self-driving, Internet of Vehicles (IoV) and automobile safety. Baidu's autonomous driving platform...
VIPKid Offers a $14K Reward for Finding the Person Spreading Rumors
On November 29, Chinese online education company VIPKid denied the rumors on WeChat saying the company is going bankrupt.
11/29/20192 min read