Chery New Energy Signs Strategic Cooperation Agreement with Cowarobot
On October 22, Chery New Energy Automotive Technology Co., Ltd. signed a strategic cooperation agreement with Anhui Cowarobot Co., Ltd.
10/25/20213 min read
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Chinese BCI Startup NeuroXess Secures Round-A Financing
NeuroXess, a brain-computer interface (BCI) company based in Shanghai, announced on December 28 that it has completed round-A financing worth several hundred million yuan.
12/28/20223 min read
Kai-Fu Lee's AI Startup, 01.AI, Completes Financing Round Raising Hundreds of Millions of Dollars
The AI unicorn company “01.AI," founded by Kai-Fu Lee, has completed a new round of financing, reaching hundreds of millions of dollars.
Huawei Launches First Industry-Oriented 5G Indoor Positioning Solution
At the 19th Huawei Global Analyst Summit, leading Chinese telecommunications firm Huawei released the industry's first business-used solution regarding 5G indoor positioning.
4/29/20222 min read
CATL Reportedly Holds Patent Covering Cell-to-Chassis EV Technology
A previously announced patent for a car chassis with adjustable lengths owned by Chinese battery giant CATL is related to cell-to-chassis (CTC) technology for electric vehicles, and is planned to be implemented before 2025.
Evergrande Auto Orders Staff to Take Paid Leave until October 31st
Many Evergrande Auto employees said their department has asked them to take leave after China's seven-day National Day Holiday until October 31st.
9/30/20213 min read
Geely Unveils New EV Brand, Seven Cars to Be Delivered by 2025
Chinese carmaker Geely unveiled a new line of high-end electric cars on February 23 as part of a push to make up lost ground. The new Galaxy lineup will include seven models over the next two years, including four long-range hybrids and three pure electric cars.
2/24/20233 min read
XYZ Robotics Secures Nearly $40M in Round-B+ Financing
XYZ Robotics has obtained nearly $40 million in a B+ round of financing, led by Capital Today and followed by Gaorong Capital, 5Y Capital and Source Code Capital.
6/20/20222 min read
Baidu Posts Slight Drop in Revenue as Online Advertising Sales from Video Unit Remain Under Pressure
China’s search engine and AI giant Baidu Inc. on Thursday posted a 1% year over year decrease in its total revenue to 26 billion yuan (3.69 billion) for the second quarter of 2020 ending June 30, falling slightly below the Wall Street estimates of $3.7 billion.
Ep. 15: Bike-sharing in China Part 1: Ofo’s Wild Ride
The Internet age has brought with it the “New Four Great Inventions” of China: high speed trains, scan-and-pay mobile payments, bike-sharing, and ecommerce. Thi...
NFT Marketplace Magic Eden Seeks New Standard to Enforce Royalties
Jack Lu, co-founder and CEO of Solana's leading NFT marketplace Magic Eden, has advocated for a new NFT standard that would enforce royalties at a hard, technological level.
Pika Founder Responds to Sora's Release: Very excited, We Will Directly Benchmark Sora
Faced with the aggressive approach of Sora, Pika's founder Demi Guo responded, 'We feel that this is a very exciting news. We are already preparing to go head-to-head and directly compete with Sora.'