Chinese electric vehicle manufacturer NIO revealed on Monday that it has signed a share subscription agreement with CYVN Holdings L.L.C.,. Under this agreement, CYVN will make a total cash investment of US$2.2 billion in NIO.
On December 6th, XPeng Motors announced that Volkswagen's investment in XPeng has been completed, with a subscription amount of approximately $705.6 million.
Chinese EV maker, Li Auto, is planning to expand its operations overseas next year, targeting initial markets in the Middle East and possible North African countries, according to multiple sources.
Recently, Grace Tao, Vice President of Tesla Global, emphasized the importance of the Chinese supply chain for Tesla's development in an interview with the media.
Chinese fast-fashion e-commerce platform, Shein, has reportedly submitted an application to the U.S. Securities and Exchange Commission in secret, to prepare for a U.S. listing. It will be one of the largest IPOs in the U.S. securities market in recent years.
Chengdu Public Security Bureau released an announcement on November 22, stating that Chen (male, 39 years old) is suspected of running a gambling establishment.
According to informed sources, ByteDance is considering selling its subsidiary game studio MOONTON Games in order to streamline operations and focus on core business.
HUYA Inc. released its third quarter financial results on Tuesday, recording quarter-on-quarter growth of 3.7 percent in Huya Live’s mobile MAU, reaching 86 million, with total net revenues standing at 1.65 billion yuan ($225.8 million).
Chinese EV maker Zeekr submitted its prospectus to the U.S. Securities and Exchange Commission (SEC) today, preparing for listing on the New York Stock Exchange with the stock symbol "ZK".
On November 7th at 10 am, PICO, the VR business of ByteDance, held a company-wide meeting to officially announce its organizational restructuring plan.
In a memo addressed to the entire company, NIO CEO Li Bin mentions that the company plans to reduce approximately 10% of positions, and the specific adjustments will be completed in November.
Alibaba Cloud's Chief Technology Officer, Zhou Jingren, recently said that in addition to traditional infrastructure services, Alibaba Cloud is now leading the development of cloud computing in the upcoming era of intelligence.
The 2023 vivo Developer Conference will be held on November 1st, and OriginOS 4 will be officially released at that time. Currently, vivo has started to promote this system.
China is now the largest market for Apple's iPhone, and it is also a manufacturing center for Apple. The impact of Tim Cook's visit to China on boosting iPhone sales is yet to be observed.
