| Date | Title | Description |
| 29.08.2024 | IBM's Retreat from China: A Shift in Strategy and Workforce | IBM is pulling the plug on its research and development division in China. This decision affects over 1,000 employees. It marks a significant shift for a company that once thrived in the Chinese market. The closure of the IBM China Developm... |
| 29.08.2024 | IBM's Strategic Retreat: A Shift from China to Global Grounds | IBM is pulling the plug on its research and development operations in China. This move marks a significant shift in the tech giant's strategy. The decision, announced by Jack Hergenrother, IBM’s vice president of global enterprise system de... |
| 26.08.2024 | IBM shifts China R&D to overseas bases amid staff recruiting: report | Jack Hergenrother, IBM’s vice president of global enterprise system development, announced at the IBM China System Center (CSL) staff meeting this morning that IBM’s infrastructure division has decided to transfer the R&D (research and ... |
| 02.07.2024 | Tesla, Huawei, Xiaomi introduce new incentives as China’s EV price war continues | Tesla said on Monday that it will be offering Chinese buyers 0% financing on Model 3 and Model Y by the end of this month, an incentive the US automaker had offered in the world’s largest electric vehicle market in April. This time, buyers ... |
| 28.06.2024 | NetEase apologizes after World of Warcraft classic server launch in China faces login issues | On Thursday, World of Warcraft’s classic server Wrath of the Lich King returned to China, with the addition of new servers Jaina and Deathstalker alongside the return of some other previously available editions. Due to the high volume of pl... |
| 27.06.2024 | SF Express’ subsidy to introduce on-demand delivery service in Hong Kong | SF Tongcheng, a subsidy of China’s largest express delivery company SF Express, is eyeing on-demand delivery service in Hong Kong as the Hong Kong-listed unit recorded its first yearly profit in 2023. The entry will likely serve as a start ... |
| 27.06.2024 | Huawei now has more than 100,000 non-refundable orders for premium Aito SUV | Chinese electric vehicle brand Aito said on Wednesday that it has received more than 100,000 reservations with RMB 5,000 ($688) non-refundable deposits for the M9 sports utility vehicle, six months after its unveiling in December. The brand... |
| 11.06.2024 | Apple Vision Pro to launch in China on June 28 | On June 10, at WWDC 2024 (the Worldwide Developers Conference), Apple CEO Tim Cook announced plans for the Apple Vision Pro to be launched in markets outside the US, with pre-orders in China beginning on June 14 and official sales starting ... |
| 19.04.2024 | Meituan names a new CEO to lead core local commerce | China’s food delivery company Meituan has appointed Senior Vice President Wang Puzhong as CEO of its new core local commerce business, marking the first time the firm has had two chief executives. The core business integrates Meituan’s in-s... |
| 25.03.2024 | The supply chain starts deliveries for Huawei P70 series smartphones | Huawei’s smartphone supply chain companies have commenced mass deliveries of the Huawei P70 series flagship phones, with industry insiders indicating Huawei’s optimistic shipment targets for the series, according to local media outlet Jiemi... |
| 22.03.2024 | Li Auto scales back EV ambitions with “more validation work”: CEO | Li Auto on Thursday slashed its forecast for vehicle deliveries in the current quarter by nearly a third to between 76,000 and 78,000 units, as CEO Li Xiang acknowledged strategy lapses with the Mega, its first battery electric vehicle mode... |
| 11.03.2024 | ByteDance refutes claims of founder Zhang Yiming discussing potential sale of TikTok | ByteDance, the operator of the widely popular short video app TikTok, refuted claims that founder Zhang Yiming is in talks with any potential TikTok buyers, despite the company facing a key vote that leaves a total ban dilemma in the US unl... |
| 29.02.2024 | ByteDance dives into multi-modal digital human AI products: report | ByteDance is secretly developing various AI-model-based products, including a multi-modal digital human product (an AI-generated image/video product), according to multiple sources cited by local media outlet Jiemian. CapCut, a video editin... |
| 09.02.2024 | Shopping malls were born in the US, but China is reshaping their future | A shopping mall in Zhongshan in China. Source: Adobe Stock. article-article-body
On a recent research trip to China, I wandered through the Oasis Mall in suburban Shanghai. Like many Chinese shopping centers, this complex was filled with em... |
| 25.01.2024 | ASML forecasts 10%-15% sales drop in Chinese market this year due to export restrictions | Dutch chip equipment maker ASML said on Wednesday that it expected the government’s export restrictions to curb sales in the Chinese market by 10%-15% in 2024, as the company released its financial report for the fourth quarter and full yea... |
| 18.01.2024 | Temu goes live in South Africa, expanding its presence to six continents | Temu began selling its budget-friendly products in South Africa on Wednesday, according to the country column shown on the platform’s official site, making Africa the sixth continent that the Pinduoduo sibling app now reaches after less tha... |
| 12.01.2024 | Alibaba invites merchants to test AI chat tool designed to improve shopper interaction | Alibaba’s domestic marketplace, Taobao, has invited merchants to test an upgraded AI chatbot named Dianxiaomi, as its new CEO, Eddie Wu, encouraged the e-commerce giant to embrace highly sought-after artificial intelligence technology since... |
| 11.01.2024 | EV buyers complain of messy Huawei-backed Luxeed S7 deliveries: report | Some customers of Huawei-backed electric vehicle brand Luxeed have experienced delivery delays of weeks for the S7 sedan, forcing them to cancel their orders and casting a shadow over the growth outlook of the technology giant’s car busines... |
| 04.01.2024 | Huawei suspends advertising on major online car sales portals, eyeing more direct sales | Huawei-backed electric vehicle brands Aito and Luxeed have paused all online advertising campaigns on popular Chinese auto service platforms Autohome, Yiche, and Dongchedi, as part of a move seen as aimed at pursuing a more direct sales str... |
| 29.12.2023 | Nvidia launches Chinese version of RTX 4090 to bypass US regulations | Nvidia has unveiled the GeForce RTX 4090D, an exclusive edition for the Chinese market, designed to adhere to US export regulations. This version boasts 14,592 CUDA cores, 24GB GDDR6X memory, a 384-bit wide memory bus, a 2.28 GHz base clock... |
| 12.12.2023 | China Literature to acquire Tencent Animation and Comics for $84 million | China Literature Limited (Yuewen in Chinese), a leading online literature and intellectual property platform in China, announced on Monday that the company has entered into an asset transfer agreement with Tencent to acquire the related ass... |
| 11.12.2023 | Chinese bubble tea chain Heytea enters America | Bubble tea chain Heytea opened its first US store last week in New York, marking the first Chinese-style tea maker to enter the world’s largest economy while its Chinese rivals still focus on building their presence in South East Asia. The ... |
| 08.12.2023 | Kuaishou to increase focus on property business in recent overhaul: report | Kuaishou, the operator of its eponymous short video platform, is currently undergoing its biggest organizational overhaul in a year, encompassing core business lines such as the main site, e-commerce, and commercialization sectors, as repor... |
| 08.12.2023 | Geely’s Zeekr to unveil custom EV batteries on Dec. 14 | On December 14, China’s Zeekr will unveil the first battery pack custom-designed by the electric vehicle maker in a ceremony emphasizing its scale, vertical integration, and expertise. The event will take place at a production base in the e... |
| 06.12.2023 | Xiaomi set to display first EV at stores in Q1 | Xiaomi is actively preparing showrooms for vehicle sales, currently renovating and expanding retail stores in Beijing, Shanghai, and other cities. The first batch of display models is expected to arrive in the first quarter of 2024. Financi... |
| 28.11.2023 | China’s supply chain contributes 60% to Apple’s Vision Pro manufacturing: report | Apple is set to mass-produce its first-generation MR (mixed reality) product, Vision Pro, in December, with the proportion of the supply chain in China significantly increasing to 60%, as exclusively reported by the local media outlet Jiemi... |
| 21.11.2023 | HarmonyOS currently remains limited to China | There are reports suggesting that Huawei’s self-developed system, HarmonyOS, will no longer be compatible with Android next year. The iOS, Android, and HarmonyOS will be three independent operating systems, according to sources familiar wit... |
| 15.11.2023 | Kai-Fu Lee’s AI large language model Yi used Meta’s Llama architecture without namechecking its source | A developer on Hugging Face, a collaborative AI platform, found that Yi, the large language model released by Chinese AI venture http://01.AI01.AI>, used “exactly” the same structure as Meta’s Llama, but changed the names of two tensors.... |
| 13.11.2023 | EV maker backed by Huawei, CATL, and Changan launches first electric sedan | Avatr, a Chinese electric vehicle brand established by Huawei, CATL, and Changan Automobile, launched its first electric sedan on Nov. 10. Priced between RMB 300,800 and RMB 400,800 ($41,240-$54,950), the Avatr 12 is set for delivery in Dec... |
| 08.11.2023 | Toyota’s China JV reportedly cuts production, sees growing competition | FAW-Toyota, the joint venture between Toyota and China’s FAW Group, will further reduce production in three months from December following output cuts during the previous two months, as part of its measures to mitigate the pressure on the o... |
| 19.10.2023 | Foxconn and Nvidia to jointly build AI factories | Electronics contract manufacturer Foxconn has revealed its intention to collaborate with Nvidia, the US chip giant, to construct AI factories as part of its ambitious venture into electric vehicle (EV) manufacturing. Foxconn Chairman Young ... |
| 19.10.2023 | Meituan launches short video feature after months of testing | Food delivery giant Meituan has officially introduced a short video feature on its independent app that shares the same name as the company. This move comes after nearly six months of testing in select Chinese cities. Beijing-based Meituan ... |
| 16.10.2023 | Xiaomi reportedly in talks with Brilliance, Chery over EV manufacturing | Xiaomi is in discussions with several Chinese automakers including Brilliance and Chery to build its own-branded electric vehicles, people familiar with the matter told Bloomberg on Oct. 12, adding that no decision has been made in the ongo... |
| 09.10.2023 | BYD opens first Yangwang store, secures 4,000 orders: report | BYD has recently opened its first retail location dedicated to the premium Yangwang marque in Shanghai and received roughly 4,000 pre-orders for its RMB 1.09 million ($149,531) off-roader, the U8, after the public debut of the vehicle at th... |
| 21.09.2023 | Chinese video games generate $17.346 billion revenue in overseas markets in 2022 | In 2022, Chinese domestically developed video games generated a total sales revenue of $17.346 billion in overseas markets, according to a September 20 report by Jiemian, citing data from a state-run research institution. In 2022, the Unite... |
| 21.09.2023 | Huawei’s intelligent automotive business unit sees management changes | Jin Yuzhi, the president of Huawei’s optical product line will take over the position of CEO of Huawei’s Intelligent Automotive Solution (IAS) business unit from Yu Chengdong, a Sept. 21 report by Jiemian said. An individual familiar with t... |
| 20.09.2023 | Chinese EV maker Zeekr aims to achieve $18 billion market valuation before an IPO in the US | Chinese electric vehicle maker Zeekr aims to achieve a $18 billion market valuation before pursuing a $1 billion IPO in the US, a Sept. 19 report by Jiemian said. In February of this year, Zeekr was valued at $13 billion after a Pre-A fundi... |
| 12.09.2023 | Xpeng Motors continues restructuring, shifting focus back to dealership: report | Xpeng Motors is ramping up efforts to restructure its sales force, which includes the closure of underperforming direct-sales stores and the opening of new dealership stores, in a move to reduce costs and improve efficiency, as reported by ... |
| 12.09.2023 | Alibaba’s new CEO pledges to focus on AI | Alibaba will focus on making customers its priority and AI its driving force in the future, the company’s new chief executive Eddie Wu said in his first corporate internal letter since taking up his new role on September 10. To achieve thes... |
| 08.09.2023 | Big tech firms in China collaborate on addressing AI security concerns | Several big tech firms in China will collectively work on security concerns related to the rise of artificial intelligence, according to a September 7 report by Chinese news outlet Jiemian. During a forum on September 7, CSA (Great China Re... |
| 08.09.2023 | Tencent launches Hunyuan large language model | On September 7, Chinese tech giant Tencent officially launched its Hunyuan large language model at the company’s Global Digital Ecosystem Summit. The move comes several months after fellow Chinese tech giants Alibaba and Baidu launched thei... |
| 08.09.2023 | Chinese consumer electronics maker Haier enters the auto industry | Chinese consumer electronics maker Haier Group is making a foray into the automotive industry, according to a September 7 report by Chinese news outlet Jiemian. Currently, Haier is collaborating with auto companies to build an industrial pl... |
| 07.09.2023 | Xiaomi in EV pilot production, may obtain ministry approval within months | Xiaomi has been in the pilot production phase of bringing out its first electric vehicles for less than a month, according to a September 6 report by Jiemian. The company is currently producing around 50 prototype vehicles per week, sources... |
| 05.09.2023 | Chinese electric vehicle maker Xpeng to expand in Europe | Chinese electric vehicle manufacturer Xpeng is set to broaden its presence in European markets, including Germany, the United Kingdom, and France, by 2024, the company’s president Brian Gu said on Monday at the IAA Mobility motor show in Mu... |
| 31.08.2023 | CATL denies reports of European Commission investigation of battery plant in Hungary | On August 30, Chinese battery maker CATL denied reports of the European Commission investigating its battery factory in Hungary. The company’s Hungarian project has passed the environmental impact assessment by the Hungarian government and ... |
| 29.08.2023 | Alibaba VP denies acquisition of former exec’s cross-border e-commerce startup | On August 28, Alibaba’s vice president Yan Qiao denied reports that the company plans to acquire its former executive’s startup HHO. Earlier that day, Chinese tech news site Leiphone reported that, driven by Alibaba’s newly appointed CEO Wu... |
| 23.08.2023 | Xiaomi to use CALB and CATL batteries for new EV | Xiaomi has finalized CALB and CATL as its primary and secondary electric vehicle battery suppliers, according to an August 22 report by Chinese news outlet Jiemian. Previously, CATL was reported to have been chosen as the primary supplier f... |
| 22.08.2023 | China holds 49.4% of global new energy light vehicles market by Q1 sales | In the first quarter of 2023, China dominated the global market for new energy light vehicles with sales reaching 1.33 million units, according to an August 21 report by Chinese news agency Jiemian, citing data from research firm Canalys. I... |
| 17.08.2023 | Honor to launch new phones in India, with former Realme CEO joining the company | Madhav Sheth, former CEO of Oppo’s sister brand Realme in India, confirmed on August 15 that he had joined the Chinese phone brand Honor. He shared a post on Honor’s official account on social media and mentioned that new Honor smartphones ... |
| 16.08.2023 | Geely unveils intelligent autobrand JI YUE, in collaboration with Baidu | Chinese automaker Geely unveiled its premium intelligent automotive brand JI YUE on August 14, according to Chinese media outlet Jiemian. The brand’s first model, JI YUE 01 has obtained qualification for market sales, according to publicly ... |
| 11.08.2023 | Tencent’s unfair competition action against Douyin and Duoshan to be re-heard | Tencent’s action against TikTok sibling app Douyin and Snapchat-like social app Duoshan will be re-heard at Tianjin Binhai New Area People’s Court on August 16, according to an announcement from the court. Douyin and Duoshan are both develo... |
| 09.08.2023 | New energy company Huayou Cobalt partners with LG Energy Solution to build battery recycling plants | On August 8, Huayou Cobalt, a Chinese company specializing in the research and development of new energy materials, announced its collaboration with South Korean automotive battery company LG Energy Solution. The partnership involves the jo... |
| 27.07.2023 | GWM-backed self-driving company plans Hong Kong IPO next year | Haomo.ai, a self-driving AI technology company backed by Chinese automaker Great Wall Motor (GWM), is considering a Hong Kong IPO next year. The company aims to raise $300 million to $400 million in funding and is currently in discussions w... |
| 25.07.2023 | From roadside stand to a global franchise: The rise of Mixue Bingcheng | In the summer of 1997, Zhang Hongchao, armed with a meager capital of RMB 3,000 (USD 460), embarked on a journey that would lead to the creation of Mixue Bingcheng, a global chain of fresh ice cream and tea stores. Zhang Hongchao, together ... |
| 21.07.2023 | China’s SAIC confirms cooperation with Audi for EV platforms development | On July 20, Chinese automaker SAIC confirmed that it had reached an agreement with Audi to accelerate the development of electric vehicles through collaboration. Technode reported on July 13 that Audi was in negotiations with SAIC to purcha... |
| 21.07.2023 | TSMC sees revenue and profit decline in Q2 | TSMC, the world’s largest chip contract manufacturer, reported its financial results for the second quarter of 2023 on Thursday. The company’s revenue reached NT$480.8 billion ($15.38 billion), a 10% decline year-on-year. Additionally, the ... |
| 14.07.2023 | Huawei earned $560 million from patents last year | During a forum held in Shenzhen, Huawei, one of the world’s largest patent holders, disclosed that it earned $560 million in patent revenues last year. The company shared the royalty rates for mobile phones, Wi-Fi, and Internet of Things (I... |
| 11.07.2023 | Foxconn withdraws from $19.5 billion semiconductor joint venture with India’s Vedanta | On July 10, Foxconn announced its decision to withdraw from a $19.5 billion joint venture with India’s Vedanta Group. The electronics assembling giant did not provide an explanation for this withdrawal. Initially, back in September 2022, Fo... |
| 05.07.2023 | Chinese EV maker Chery plans to enter Thailand in early 2024 | The Thailand Board of Investment (BOI) has announced that Chinese electric vehicle manufacturer Chery plans to enter the Thai market in early 2024, according to Chinese news media Jiemian, citing Bloomberg. Chery sees Thailand as a strategi... |
| 04.07.2023 | BYD reports selling 1.25 million cars in 2023, up 96% from last year | Chinese EV giant BYD’s total new energy vehicles (NEVs, a Chinese term that include electric vehicles and plug-in hybrids) sales reached 253,046 units in June, with a cumulative sales volume of 1.25 million units so far in 2023, a yearly gr... |
| 30.06.2023 | Lenovo introduces four-legged patrol robot at MWC Shanghai 2023 | Chinese PC maker Lenovo unveiled a four-legged patrol robot named Morningstar Q1 at the Mobile World Congress Shanghai event this week. Using mixed reality vision, the Q1 robot supports autonomous navigation and comes with an automatic obst... |
| 27.06.2023 | Chinese PD Group withdraws from Japanese car brand Subaru | PD Group, once the largest automotive dealer in China, has officially withdrawn from Subaru China, leaving Subaru Corporation in Japan the sole controlling shareholder. The move transforms Subaru China from a joint venture to a wholly-owned... |
| 27.06.2023 | Continental appoints Thomas Meurers as China CTO | Continental appointed Thomas Meurers as the chief technology officer for Continental Automotive China on Monday. In this role, Meurers will oversee Continental’s innovation development and technology strategy implementation in the Chinese m... |
| 19.06.2023 | US chipmaker Micron to invest $600 million to expand in China | On June 16, the US memory chip manufacturer Micron announced plans to invest $600 million (approximately RMB 4.3 billion) in its packaging and testing plant in the Chinese city of Xi’an over the next few years. The investment includes addin... |
| 16.06.2023 | Gates Foundation commits $50 million to the Global Health Drug Discovery Institute | On June 15, the Bill & Melinda Gates Foundation announced its continued support to the Global Health Drug Discovery Institute (GHDDI), according to an official statement from the Beijing-based institute. The foundation will provide GHDD... |
| 13.06.2023 | A 21-year-old influencer has died at a Chinese weight loss camp where she attempted to shed 200 pounds as fast as possible | Culture A 21-year-old influencer has died at a Chinese weight loss camp where she attempted to shed 200 pounds as fast as possible
Matthew Loh
2023-06-13T06:19:41Z
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| 13.06.2023 | Qihoo 360’s new AI product becomes first in China to pass industry appraisal | On June 12, 360GPT-S2-V8, a large-scale language model developed by Qihoo 360, passed the evaluation of the China Academy of Information and Communications Technology (CAICT) for its “trustworthy AIGC large language model basic capabilities... |
| 09.06.2023 | Former Jidu Auto VP joins American EV startup Lucid | Zhu Jiang, former Vice President in charge of user management and operations at Jidu Automobile, an intelligent car company co-founded by Baidu and Geely, has joined the American electric vehicle startup Lucid to take charge of the company’... |
| 08.06.2023 | Vivo temporarily halts sales in Germany following patent defeat | On June 7, Chinese smartphone maker Vivo announced a temporary suspension of product sales in the German market, after losing a patent infringement lawsuit to Nokia in April. The decision was communicated through Vivo’s official German webs... |
| 07.06.2023 | Ford set to sell German factory, BYD among leading bidders | Ford Motor is close to finalizing an agreement to sell its German factory. Two groups of Chinese carmakers are among the three leading bidders. Insiders revealed that one of the bidders is BYD, while the other includes several smaller Chine... |
| 07.06.2023 | TSMC accelerates investment in advanced packaging to meet surging demand | TSMC, the world’s largest contract chipmaker, held its annual shareholders’ meeting in Hsinchu on Tuesday. The company is experiencing a significant surge in demand for advanced packaging solutions that has surpassed its current production ... |
| 24.05.2023 | Japan’s chip export restrictions to take effect in July | On Tuesday, the Japanese government announced that it will add 23 items, including advanced semiconductor manufacturing equipment, to its export control list. Companies producing the 23 items will require official permission to export the i... |
| 22.05.2023 | Baidu’s metaverse head resigns as unit struggles for profitability | Ma Jie, the former head of Baidu’s metaverse operation, has left the company due to challenges in generating short-term profits from metaverse-related businesses, as interest in the sector cools. Local media outlet Jiemian, citing multiple ... |
| 06.05.2023 | Bosch reorganizes mobility unit for focused growth in China | Bosch, the world’s largest auto parts supplier, plans to reorganize its car-supply business to better meet clients’ demands, according to a statement from Chairman Stefan Hartung on Thursday. Bosch Mobility, currently known as Mobility Solu... |
| 30.04.2023 | Tencent начала предлагать цифровые копии людей за $145 | Китайская Tencent Cloud объявила о запуске цифровой платформы для создания людей — Deepfakes-as-a-Service (DFaaS). Она обещает создавать цифровые копии людей высокой чёткости, используя всего три минуты живого видео и 100 произнесённых фраз... |
| 26.04.2023 | Temu extends online budget shopping service to six European countries | Budget shopping app Pinduoduo’s sibling Temu has accelerated its pace of expansion into Europe by starting sales of ultra-low priced goods in Germany, the Netherlands, France, Italy, Spain, and the United Kingdom. Temu is now available in t... |
| 25.04.2023 | Li Auto reportedly names three senior VPs in latest restructuring | Li Auto has recently appointed three senior vice presidents as it establishes two new departments for sales and finance, according to company insiders who spoke to local media outlet Jiemian. The Chinese electric vehicle maker is ramping up... |
| 11.04.2023 | Tencent calls out executives for WeChat and QQ crash: report | Tencent named executives responsible for a breakdown of WeChat and QQ functions that occurred on March 29 in an email to all staff. Voice chat, social networking, payment, file transfers, and mailboxes went down for several hours on the maj... |
| 10.04.2023 | Tesla to build first Megapacks battery plant in Shanghai | On April 9, Tesla announced plans to build a new Megafactory in Shanghai to produce large-scale utility batteries, the first facility of its kind outside of the US. The plant will be capable of producing 10,000 Megapacks, which are large ba... |
| 24.03.2023 | Huawei to roll out latest HarmonyOS update to Aito-branded EVs | Huawei will roll out the latest version of its HarmonyOS, an alternative to Google’s Android operating system, to the full lineup of Aito’s electric vehicles, in a move aimed at shoring up its car business. Richard Yu, chief executive of Hu... |
| 16.03.2023 | Xpeng Motors restructures sales force: report | Xpeng Motors has merged its direct and channel sales teams, which until recently had always operated as two separate units, in a move that aims to provide more centralized control over pricing and create more effective sales processes, Chin... |
| 14.03.2023 | Shopping app Temu to expand into UK on Mar. 25 | Temu, Pinduoduo’s sibling budget e-commerce app, is scheduled to launch in the UK on Mar. 25, Chinese media outlet Jiemian reported on Monday. A Temu employee confirmed the upcoming rollout to the outlet, adding that the company is working ... |
| 10.03.2023 | Xiao-I declares aim to build Chinese ChatGPT, sees share price slide on Nasdaq debut | Chinese cognitive AI enterprise Xiao-I experienced a bumpy debut on the US Nasdaq Global Market on Thursday, under the stock ticker AIXI. Its opening value of $6.8 per share was unchanged from the issue price, and the firm saw its stock clo... |
| 09.03.2023 | Meituan CEO Wang Xing joins attempt to build China’s OpenAI | Wang Xing, CEO of Chinese food delivery giant Meituan, revealed in a WeChat post on Tuesday that he will invest in Guangnian Zhiwai, a company established by Meituan co-founder Wang Huiwen. On Feb. 13, Wang Huiwen announced he was investing... |
| 07.03.2023 | Reports Huawei is transferring mobile phone business to Honor “false,” insider says | Reports that Huawei is considering a structural adjustment of its terminal business department that could involve splitting the mobile phone business and transferring part of its research and development team to Honor are false, a company i... |
| 27.02.2023 | Dingdong Maicai expects ready-meals to earn $718 million in 2023 | Dingdong Maicai eyes an RMB 5 billion ($718 million) sales goal for ready-to-eat dishes this year, the Shanghai-based online grocery company announced at its Supplier Eco Summit held on Feb. 23, and hopes to partner up with other ready-meal... |
| 27.02.2023 | BYD reportedly follows Tesla in cutting EV prices | BYD is cutting the prices of older versions of its Han and Qin electric sedans by RMB 20,000 and RMB 15,000, respectively ($2,868 and $2,151), in the latest sign of intensifying competition in the Chinese electric car market. The price redu... |
| 23.02.2023 | Xiaomi EV project’s head of marketing leaves after just seven months | Zhou Xing, head of marketing for Xiaomi’s electric vehicle business, left the company several weeks ago, only seven months after joining from SAIC-GM-Wuling (SGMW), General Motors’ minicar joint venture in China. A company spokesperson conf... |
| 16.02.2023 | Tencent reportedly testing on-demand delivery service on WeChat | Tencent is quietly testing an on-demand food and grocery delivery service on its popular messaging app WeChat. This is the latest attempt by the Chinese tech giant to drive the growth of its social networking platforms. The mini-program, ca... |
| 15.02.2023 | Xiaomi reportedly nearing approval for EV manufacturing in Beijing | Chinese smartphone maker Xiaomi is nearing approval of a production permit for its electric vehicle plant, which has been under construction in Beijing since 2021 and is due for completion this June, Powerhouse reported on Tuesday, citing t... |
| 14.02.2023 | GAC Toyota among latest to lower prices in response to Tesla price cuts | GAC Toyota Motor is the latest car brand to cut prices on its electric cars in the face of increasing competition from Tesla and Chinese electric car makers. The company, a joint venture between the Japanese automaker and China’s GAC Group,... |
| 13.02.2023 | SAIC’s premium EV brand IM Motors launches first SUV | Chinese automaker SAIC on Friday launched its first electric sports utility vehicle under the Intelligence in Motion (IM) premium brand, with a price range of RMB 309,800-RMB 459,800 ($45,348-$67,305), scheduled for delivery in March. The f... |
| 06.02.2023 | Pinduoduo’s Temu shopping platform begins testing in Canada | Chinese e-commerce giant Pinduoduo’s international shopping platform Temu is conducting internal testing in Canada, according to reports. More than half of the items on the platform are already available on the Canadian site, Chinese media ... |
| 02.02.2023 | The owner of a Chinese company gave his staff $9 million in bonuses and made them grab it themselves from a giant mountain of cash | News The owner of a Chinese company gave his staff $9 million in bonuses and made them grab it themselves from a giant mountain of cash
Matthew Loh
2023-02-02T09:56:16Z
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| 16.01.2023 | Huawei-backed EV maker sets 100k EV delivery target in 2023 | Chinese electric vehicle maker Avatr is aiming for deliveries of more than 100,000 vehicles in 2023, as the company is on track to launch its second production model, a mid-to-large-sized electric sedan. The EV brand did not reveal further ... |
| 13.01.2023 | Xpeng reportedly wants to hire former Great Wall Motor president | Xpeng Motors is looking to hire Wang Fengying, the former deputy chair and president at Chinese automaker Great Wall Motor, and will likely name her as chief executive officer in the coming weeks, two local media outlets reported this week.... |
| 12.01.2023 | Xiaomi Car Spotted: Worth $40,000? | Urian B., Tech Times 12 January 2023, 04:01 am
The Chinese technology giant Xiaomi is seemingly making slow but steady progress in its ambitious endeavor to make its mark on the electric car industry. With initial plans for launch in 2024, ... |
| 10.01.2023 | ByteDance’s Lark to prioritize overseas markets, admits to profitability woes at home: report | Management at ByteDance’s Lark (known as Feishu in China) revealed at internal meetings that it may focus more on overseas markets due to profitability challenges in the Chinese market, Jiemian reported on Monday, citing unnamed sources. La... |
| 10.01.2023 | Honda ends China production of Acura vehicles after sluggish sales | GAC, a manufacturing partner of Honda in China, said on Monday that its joint venture with the Japanese automaker will continue to provide after-sales services to local owners of Honda’s premium brand Acura, as the brand’s Chinese website w... |
| 06.01.2023 | Xiaomi EV is building two prototypes, first model priced between $37,900 and $43,800: report | Xiaomi is working on two electric car models, according to Chinese media LatePost. The first model, code-named Modena, is a mid-size fastback sedan that will be available in two versions. The first version, priced between RMB 260,000 and RM... |
