China VC Weekly: InsurTech, EdTech, Artificial Meat and Robots
Artificial meat company Starfield nets a $10 million series A, who currently offers nearly 20 artificial meat product titles.
8/24/20204 min read
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BYD to Build a Second Electric Car Factory in Cambodia
BYD plans to open an electric vehicle assembly plant in Cambodia, which would be capable of producing 20,000 electric vehicles annually.
Ctrip Releases China’s First Car Rental Standards
China’s largest online travel firm Ctrip.com released nine service standards for the domestic car rental industry. This is the first car rental standard in China.
8/7/20202 min read
Vivo Releases the Open Large Language Models BlueLM-7B
On November 1st, at the 2023 vivo Developer Conference, vivo announced that it will be the first to open-source the large language models BlueLM-7B and its corresponding fine-tuning framework.
Wanda Film Plans to Build at Least 30 New Cinemas This Year
Wanda Film Holding, China’s leading cinema chain operator, held its 2021 online performance meeting on Wednesday, introducing details on its operations last year and on future plans amid the continuing pandemic.
5/26/20223 min read
Chinese K12 Education Institutions Bet on Live-streaming E-commerce
In 2022, under the pressure of the Double Reduction policy, many K12 education companies in China, including New Oriental Education & Technology Group and Doushen Education, transformed into the live-streaming field.
12/28/20223 min read
Chinese Fintech Giant Ant Group Appoints New CPO
According to the official website of Chinese financial technology giant Ant Group, Sam Zeng, the former Chief People Officer, left his post and has been replaced by Wu Minzhi, previously the firm's deputy CPO.
China VC Weekly: Autonomous driving, SaaS and ZWC’s New Fund
In last week’s China VC news, autonomous driving technology startup HoloMatic completed its Series B1 round of financing, SaaS vendor G+ bagged 180 million yuan for further business expansion, while prominent VC ZWC Partners closed a new $774 million US-dollar fund.
7/6/20213 min read
Uber Seeks to Sell Part of $6.3 Billion Stake in Didi Chuxing
Leading ride-hailing company Uber Technologies Inc. is seeking to sell part of its $6.3 billion stake in Didi Chuxing, Bloomberg reported.
9/18/20202 min read
Jack Ma Has Recently Been Teaching at A University in Tokyo
On June 15th local time, J. Michael Evans, the President of Alibaba Group, a giant e-commerce company, stated that Alibaba Group is focused on establishing local businesses and online platforms outside of China and will prioritize development in Europe.
CATL Annual Revenue Breaks $43B Mark for First Time
According to the annual report released by Chinese battery giant CATL on March 9, the company's total operating income in 2022 exceeded 300 billion yuan ($43 billion) for the first time, reaching 328.59 billion yuan, up 152.1% year-on-year.
Pagoda and Meituan Jointly Explore UAV Delivery of Fresh Fruit
An unmanned aerial vehicle (UAV) loaded with fruit, operated by Pagoda, recently took off from Meituan's UAV delivery store in Longgang District, Shenzhen. It took only seven minutes for a chilled lychee 2 kilometers away to reach consumers from the completion of packing.