Showing 12 of 22 posts with this tag
Chinese electronics recycling and trading major ATRenew on Monday extended its quarterly profit for the seventh straight quarter. Its first-quarter revenue grew up 27.1 percent to 3.65 billion yuan, meeting the top end of its guidance.
Yeelight, an intelligent lighting company, announced the completion of the round E financing worth 300 million yuan (about $47.1 million).
Fueled by a rise in labor and production costs, an increasing number of China's suppliers have been shifting their production facilities to emerging export economies in Southeast Asia, according to Chinese state media.
China Evergrande says that the company plans to begin mass production of its fully electric vehicles as early as 2022.
On Tuesday, the Shanghai Stock Exchange officially accepted the application of Grinm Semiconductor Materials Co,. Ltd. (GRITEK) for listing on theShanghai Sci-Tech Innovation Board (STAR Market).
IKAS Industries Co., Ltd. announced its completion of a Series B financing round worth more than 100 million yuan ($16 million).
Lochn Optics, an AR optical waveguide modules supplier, announced on Thursday that it had completed round-C financing totaling over 100 million yuan ($15.69 million).
Chinese venture capital (VC) firm Hillhouse Capital Group and the district government of Xishan in Wuxi, Jiangsu province will set up a 5 billion yuan ($783.5 million) VC fund.
On December 1st, Zowee Technology issued an announcement stating that its actual controller Xia Chuanwu was arrested for suspected insider trading and market manipulation.
Hamedata Technology Co., Limited, a provider of household and outdoor energy storage technology, completed a round B of financing, with Qianhai FOF and ZY Capital serving as lead investors.
The solid-state battery manufacturer ProLogium Technology Co., Ltd. announced the completion of a new round of financing worth $326 million dollars.
A range of Chinese media outlets reported on Tuesday that Didi Chuxing is expected to start its own automobile manufacturing business. One report from _LatePost_ (https://www.latepost.com/news/dj_detail?id=575) further revealed concrete details on plans to have the company’s Vice President Yang Jun lead the new venture while the team actively recruits from major domestic auto manufacturers.