Showing 12 of 140 posts with this tag
The CSRC has sent an investigative team to inquire into fraud allegations against Luckin Coffee. Several auditors are currently inspecting Luckin’s financial situation.
Liaoning Zhonglan Electronic Technology Co., Ltd. (ZET), a leading Chinese leading enterprise in the field of core components of mobile phones, received investments from Xiaomi.
At Alibaba's Investor Day held on December 17, Toby Xu, Deputy Chief Financial Officer of Alibaba Group, shared seven key investment themes under the firm's two major investment directions in the future.
Chinese ride-hailing giant Didi Chuxing has completed the first fundraising round of over $500 million for developing its autonomous driving technologies.
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.
ByteDance's healthcare business is stepping into an accelerated period of resource integration, and a huge healthcare ecosystem is slowly forming.
Beijing-based tech giant Xiaomi has reportedly initiated a new round of layoffs. Furthermore, two enterprises that have received major Xiaomi backing – Black Shark and ZMI – have also been exposed to extensive layoffs.
Recently, Hubei Xiaomi Changjiang Industrial Investment Fund Partnership has become the new shareholder of AI Micron, a chip maker.
Shenzhen Kaihong Digital Industry Development Co., Ltd. on Tuesday made changes to its registration information with China's top market regulator.
Previously, Leo Group announced that its subsidiary Leo Investments Hong Kong Limited plans to invest $50 million in TBCA to participate in a partnership investing in SpaceX.
China's leading battery manufacturer CATL is continuing to increase its reserves of lithium mine resources.
Chinese technology company Meitu expected to record a net loss of 274.9 million yuan to 349.9 million yuan ($41.1 million - $52.3 million) for the six months ending June 30, 2022. The firm said this is mainly due to the imbalance of purchased cryptocurrencies.