Alibaba Sells Part of Xpeng Stake, Reducing Shareholding to 7.5%
Alibaba Group announced on December 15th that it has sold a portion of its stake in Xpeng Motors, reducing its shareholding from 10.2% to 7.5%.
Tag: #China
Showing 12 of 2431 posts with this tag
2020 Social Credit System: Why It Matters To Businesses
Let's talk about China's social credit system and its importance to business.
7/20/20206 min read
AIsphere Received Funding of Over 100 Million Chinese Yuan
AIsphere is an AIGC visual multimodal algorithm developer, focusing on the research and development of AI video generation large models and applications.
CATL Has Established A Team to Independently Develop Industrial Robots
CATL has set up a team in Shanghai to independently develop industrial robots and plans to invest in humanoid robot companies.
Li Auto Provides Limited-Time Insurance Subsidy for L9/L8/L7 Models
Li Auto announced today that, to celebrate the one-year anniversary of Li L-Series deliveries, cumulative deliveries have exceeded 250,000 vehicles and they are launching a limited-time insurance subsidy campaign.
8/30/20232 min read
Tesla's New Model 3 Enters Mass Production at Gigafactory Shanghai
On August 17th, it was reported that the production of the new model of Tesla's Model 3 has started at Gigafactory Shanghai.
Ride-hailing App Dida Plans Hong Kong IPO Amid Market Challenges
Dida has made four attempts so far to apply for an IPO in Hong Kong and has garnered the support of several renowned investment firms, including NIO Capital and IDG.
2/8/20242 min read
NIO May Unveil Interior of ET5 at Chengdu Auto Show
The interior of the NIO ET5 vehicle model may be officially unveiled during the Chengdu Auto Show 2022, during which consumers will be able to experience it for themselves.
7/21/20223 min read
Mihoyo Undergoes Major Personnel Shift as Founder Cai Haoyu Takes Step Back
Mihoyo has recently undergone significant personnel changes, with founder Cai Haoyu further stepping back from the forefront.
Revenue of Mini-Game "Sheep a Sheep" Developer Breaks $15.6B
Beijing Jianyou Technology, the developer of the pass-through mini game "Sheep a Sheep", which became a national online sensation on China's social media last year, said lately that the company's revenue had exceeded 100 million ($15.6 billion).
AITO M5 EV to Be Launched on September 7
The AITO M5 EV under the AITO banner jointly built by Huawei and Seres will announce its retail price at Huawei's new product launch conference on September 7.
8/17/20222 min read
Baidu Invests in RISC-V Chip Startup StarFive
On March 23, Shanghai-based RISC-V chip technology startup StarFive announced that it had received an investment from Chinese search giant Baidu of an undisclosed amount.