Lalamove Edges Closer to a USD 1.5 Billion Series F Round

The round of financing will skyrocket the truck hailing firm's valuation to a staggering USD 10 billion.

Xpeng Signs CNY 12.8 Billion Credit Facilities Agreement with 5 Major Banks in China

The banks will provide credit facilities to support the company's business operations and expansion of its manufacturing, sales and service capabilities.

Cambricon Announces New Generation AI Chip Siyuan 290

The AI company is promoting the reform and upgrading of the Chinese Market.

Explosion Occurs in CATL’s Subsidiary Qujing Lintie Technology

The stock market seems not to have excessive reactions to the accident, and two related public companies' stocks are still in high positions.

BYD Semiconductor One Step Away from IPO

The Semiconductor unit of veteran carmaker BYD is aiming for a domestic IPO.

Pinduoduo Affiliates Apply for Payment Trademark

Internet giants have intensified the war in the payment field.

Vipshop Responds to Probes Over Suspected Unfair Competition

Vipshop said that it would actively cooperate with the regulatory authorities in the investigation of alleged practices of unfair competition.

Hong Kong IPO for Short Video App Kuaishou Aiming for USD 5 Bn

This popular Tencent-backed app is expected to join the front ranks of video company stocks in China. The IPO is expected to raise about USD 5 billion.

China's AI Unicorn Megvii Mulls IPO on Shanghai Star Market

Nearly a year after the IPO pause, the AI unicorn now plans to raise its flag in mainland China.

Townew Receives over CNY 10 Million in Series A

The 'intelligent trashcan' manufacturer aims at changing people's lifestyles with smart waste management.

NIO Announces Solid-State Batteries and Largely Boosts its Stock

The Chinese leading EV manufacturer did not tell investors about the source of the battery – but CATL came as a possible provider.

Now Is the Time to Buy NIO – A Triumphant Stock in 2021

NIO launched ET7 on January 7 which is also the 'NIO Day.' The car will be available at the beginning of 2022 with prices starting from CNY 448,000 and the maximum range of over 1,000 km.