China VC Weekly: Esports, Wealth Management and Education
Chinese esports ‘total solutions provider’ VSPN (Versus Programming Network) has raised close to $100 million in its latest Series B round of financing.
10/26/20204 min read
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Consumer Robotics Company KEYi Tech Raises Tens of Millions of Dollars in Series B Round
36 Kr reported that KEYi Tech, a consumer robotics platform, recently received tens of millions of dollars in round B financing. This round of financing was le...
BYD's Competitive Advantage Is Facing Challenges
Chinese new energy vehicle maker BYD, whose sales have increased significantly in the past year, is facing challenges.
4/6/20233 min read
China VC Weekly: Medical Devices and Autoparts
Capsule-size endoscope tool maker Jifu Medical completes Series C round of financing.
10/5/20203 min read
JD.com Subsidiary JDT to Raise $1-2 Billion in 2022 Hong Kong IPO
A subsidiary of Chinese e-commerce giant JD.com called JDT intends to carry out an IPO in Hong Kong this year, raising $1-2 billion. JDT refused to comment on the report.
1/25/20222 min read
Li Auto Launches Battery Charging Map Service
New energy vehicle firm Li Auto announced on August 14 its launch of a battery charging map service in China.
8/15/20222 min read
China Approves the First Batch of Generative Artificial Intelligence Services for Public Rollout
Baidu, ByteDance, and 8 others deploy large-scale models via generative AI for public services.
Tencent-Backed DouYu Required by Chinese Authorities to Rectify Issues of Pornography and Vulgarity
On May 8, the Cyberspace Administration of China issued a statement stating that regarding serious ecological problems such as pornography and vulgarity on Chinese live streaming platform DouYu, it sent a work group to conduct a one-month centralized rectification supervision on DouYu.
5/8/20233 min read
Battery Firm Sunwoda EVB Bags $380M From Investors Including Li Auto and SAIC Motor
Chinese leading lithium-ion battery maker Sunwoda announced that its wholly owned subsidiary, Sunwoda EVB, received an investment worth 380 million from a total of 19 separate investors.
2/28/20223 min read
2018 Fortune Global 500 List Released: 120 Chinese Companies on the List
Fortune Magazine published on July 19 its annual global list of 500 corporations. This year, 120 Chinese companies made the cut, which makes China a close secon...
Meta, Huawei, Alibaba's DAMO Academy and Others Found Metaverse Standards Forum
Microsoft, Meta, and 34 other companies and organizations have formed a standards group - Metaverse Standards Forum - for metaverse tech.
6/22/20222 min read
China NFT Weekly: Official Guidance on NFT Industry Development
This week: US game developer Unity to spin off China unit to tap the country's metaverse market, Chinese bitcoin mining rig maker Canaan mulls US expansion despite crypto winter, and more.
8/8/20228 min read