NIO Automobile submitted its prospectus to the U.S. Securities and Exchange Commission (SEC) for an IPO on the New York Stock Exchange. It plans to raise up to US$1.8 billion, which will be the largest listing of a Chinese auto company in the United States.
Ucommune, previously UrWork, the only Chinese unicorn in the co-working space, announced on August 14 that the company received a new round of funding from RK Properties and Jingrong Holdings, raising 300 million yuan ($45 million) at a post-money valuation of $ 1.8 billion.
Chinese electric vehicle startup XPENG Motors officially announces the completion of its Series B+ round of 4 billion yuan today, with Primavera Capital Group, Morningside Venture Capital, as well as Chairman and CEO of XPENG Motors He Xiaopeng himself jointly leading the investment.
Binance, a major cryptocurrency exchange, announced the purchase of Trust Wallet on July 31. This is Binance’s first acquisition and the aim is to add an on-chain mobile wallet to its list of services with other integration possibilities in the future.
Faraday Future (FF) announced on July 30 (PDT) the completion of its first body-in-white FF 91 electric vehicle (EV) in its Hanford assembly plant in Los Angeles.
Ofo dispelled rumors on July 30 that its negotiation with DiDi Chuxing is soon to come to a close.
Three CEOs of Chinese tech giants are among the top 10 of Fortune’s new “40 under 40” list released by the magazine on July 20.
The Chinese bike-sharing startup ofo confirmed with Quartz that the company is laying off employees in its North American marketing, communications, and engineering teams, along with its recent withdrawal from other markets.
Inke Inc. welcomed its first trading day on July 12 on the Hong Kong Stock Exchange, starting with a 40 percent surge on its share price within the first 15 minutes.
Luckin Coffee announced on July 11 the completion of their Series A funding round, giving the company a valuation of $1 billion and bringing it into the unicorn club.