EV manufacturer Faraday Future has agreed to go public through a merger with the Property Solutions Acquisition Corp (PSAC) with the combined entity valued at $3.4 billion.
NYSE-listed Tencent Music Entertainment Group (TME) announced a strategic partnership and minority equity investment in Wave, the market leader in interactive virtual entertainment experiences.
Chinese esports ‘total solutions provider’ VSPN (Versus Programming Network) has raised close to $100 million in its latest Series B round of financing.
Chinese video platform Bilibili has completed its strategic investment in media company Huanxi Media, subscribing for 347 million additional common shares issued by Huanxi Media.
Huawei invested a total of 200 million yuan and became limited partners (LPs) of the Shenzhen Hongtu Shanli Private Equity Investment Fund Partnership.
Chinese ride-hailing giant Didi Chuxing has completed the first fundraising round of over $500 million for developing its autonomous driving technologies.
The CSRC has sent an investigative team to inquire into fraud allegations against Luckin Coffee. Several auditors are currently inspecting Luckin’s financial situation.
Chinese video sharing website Bilibili received $400 million in strategic investment from Sony and will further collaborate with the Japanese conglomerate, it announced on Thursday.
While China’s tier-one and tier-two cities keep rapidly expanding, making us marvel at the speed and quality of their development, the really astounding action is happening elsewhere.
