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Soul, a social platform, issued a statement this afternoon saying they have received the possibility of other capital operations, and announced the suspension of its US IPO. Tencent, the majority shareholder, also supports the decision. The company is currently in normal operation.
If you need a refresher when it comes to Ant, may I suggest our Tech Buzz Ep. 74 on the company, which I dare say provides pretty good context into the history of the company, and why it has created the product lines that it has: CreditTech (39%), Payments (36%), InvestmentTech (16%) and InsureTech (8%).
Chinese electric vehicle (EV) manufacturer NIO announced last Friday that it would halt production at its JAC-NIO manufacturing plant in Hefei, the capital of the Anhui Province, beginning from today.
On the evening of Sept. 7, a car blogger surnamed Feng posted a video on Weibo, saying that Li Auto’s sole model Li ONE had another "broken axle" incident.